$4,000,000
Updated 3 months ago
Off Market
Harlem, Manhattan | Frederick Douglass Blvd & Manhattan Ave
9,516 Square FeetIncome Property

$4,000,000
floors / apts5 / 20
Lot Size25'x100'9"
Built Size25'x86'
ZoneR7-2
Building TypeLow-Rise
RE Taxes$47,900
Price Per SF
$420

Building Amenities

  • Voice Intercom

Property Description

INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 315 West 121st Street, a five (5) story, multifamily walk-up building, totaling twenty (20) rent stabilized residential units on the north side of West 121st Street between Frederick Douglass Boulevard & Manhattan Avenue. Located adjacent to Restaurant Row along Frederick Douglass Blvd from 110th to 124th Streets, the property benefits from a wide range of cultural amenities and some of the City’s finest dining establishments that give the streets of West Harlem a unique dynamism. In addition, there are several new developments that are either under construction or recently completed that will further transform the immediate area, including, but not limited to: The Vidro Condominiums at 313 West 121st Street, Happy Living's 13-Story, 169-residential unit development at 300 West 122nd Street, the condominium project at 370 West 125th Street and Harlem's future tallest building at 233 West 125th Street (aka the Victoria Theater Redevelopment), which will include 191 rental apartments and a 210-key Renaissance Marriott Hotel. The property is near Morningside Park, The Columbia University campus, The Columbia University Expansion Project and the 125th Street Commercial Corridor. It is a few blocks away from the A, B, C, & D subway lines on West 125th Street and Saint Nicholas Avenue with access to Midtown Manhattan (i.e. Columbus Circle) in less than 15 minutes.

Listing History

Now
09/06/2022
POM by Josh Lipton
Invictus Property Advisors
2022

Building Details

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1915
Floors/Apts5/20
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.21 miles
125 St
0.23 miles
125 St
0.41 miles
116 St
0.45 miles

Citi Bike

St Nicholas Ave & Manhattan Ave
0.13 miles
Morningside Ave & W 123 St
0.17 miles

Contact Agents

Contact Agents

Josh Lipton
Invictus Property Advisors
Andrew Levine
Invictus 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: 27317TH