$2,600,000
Updated 9 years ago
Sold

160 West 141st Street

Harlem, Manhattan | Lenox Ave & Adam Clayton Powell Blvd

10,705 Square FeetRental Property

$2,600,000
floors / apts5 / 10
Lot Size27'8"x99'9"
Building TypeLow-Rise
Price Per SF
$243

This property was sold for $2,450,000 on 06/02/14.

Building Amenities

  • Voice Intercom

Property Description for 160 West 141st Street

> Ariel Property Advisors presents 160 West 141st Street, a 27.83’ wide, fourteen (14) unit, five (5) story walkup building, located on the south side of West 141st Street between Lenox Avenue and Adam Clayton Powell Jr. > Boulevard. > Spanning 10,705 Square feet, the property contains eight (8) two-bedroom and six (6) one-bedroom units, with rents operating at approximately $23 per residential square foot. > A gas fired forced hot water boiler ensures clean and efficient heating throughout the building. > In close proximity to the A / B / C / D trains on St Nicholas Avenue, and the 3 train on Lenox Avenue, tenants of the property share easy access to all downtown and outer borough locations. > In walking distance to local institutions and parks such as City College, Harlem YMCA, Harlem Hospital, St. > Nicholas Park, Jackie Robinson Park the property enjoys consistent rental demand. > With a J-51 abatement that expires in November of 2015 and below market units operating at roughly $23 per rentable square foot, 160 West 141st Street presents owners and investors with a significant opportunity to take advantage of today’s favorable financing environment and Central Harlem’s continued development and appreciation.

Listing History for 160 West 141st Street

Now
06/05/2014
$2,450,000
Sold and Closed by Victor Sozio
Ariel Property Advisors
03/13/2014
Contract Signed by Victor Sozio
Ariel Property Advisors

Building Details for 160 West 141st Street

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/10
Learn More About the Building

Transit and Citi Bike

Subway

145 St
0.23 miles
135 St
0.3 miles
135 St
0.41 miles
Harlem-148 St
0.41 miles
145 St
0.49 miles

Citi Bike

Adam Clayton Powell Blvd & W 141 St
0.08 miles
Lenox Ave & W 140 St
0.1 miles

Contact Agents

Contact Agents

Victor Sozio
Ariel Property Advisors
Michael Tortorici
Ariel Property Advisors

Harlem | Manhattan

Quick Profile

The neighborhood called West Harlem by the locals is known as Manhattanville to neighborhood newcomers. The area is culturally diverse and might be considered a microcosm of the city as a whole. 

Columbia University has recently expanded into the area, which is attracting student residents from all over the world. Together with students from the City College of New York and young professionals fleeing higher prices in other neighborhoods, this influx of younger residents has brought with it more restaurants and bars on W 125th Street to serve this clientele. There are also new ventures, like a rock-climbing gym, to cater to the interests of these students and young professionals. At the same time, there are many small, family-owned shops and restaurants that have been anchors of the neighborhood for multiple generations.

The area has been through a housing upgrade, as older properties have been renovated and abandoned properties have been razed to make room for new development. There are still reasonably priced apartments available. Young professionals are finding that there is a certain cachet to living in West Harlem. It provides a convenient commute to the city and all of its amenities, while providing a sense of escape at the end of a long work day.

While rentals are popular with the student population, the young professionals are delighted to find pre-war brownstones, pre-war co-ops (including some income-capped HDFCs for lower- and middle-income buyers), and post-war condos that they can afford, although prices are rising. Some new low-rise developments, sporting virtual doormen and desired amenities, are cropping up.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 52023TH