$9,500,000 $9,750,000
Updated 6 years ago
Off Market

6 Saint Nicholas Terrace

Harlem, Manhattan | West 127th Street & West 128th Street

40 Rooms20 Beds16 Baths10,420 Square FeetIncome Property

$9,500,000 $9,750,000
floors / apts5 / 15
Lot Size38'7"x80'
Built Size39'x68'
ZoneR8
Building TypeLow-Rise
RE Taxes$133,416
Price Per SF
$912

Listing Features

  • Original Details

Outdoor space and views

  • Backyard
  • Terrace
  • City Views

Building Amenities

  • Video Intercom

Property Description for 6 Saint Nicholas Terrace

Excellent multifamily investment opportunity in a prime Harlem location! Brand new, completely renovated and restored, fully occupied and easy to manage! Constructed in 1901 as one of four terraced buildings on St. Nicholas Terrace, a short and lovely tree-lined block steps from beautiful St. Nicholas Park, this handsome 15-unit apartment house with 5 stories plus a basement offers excellent income and an amazing 5% return. The entire building, all common areas and all spacious residences were recently redone, making this offering truly hard to resist. The apartments, two of which are duplexes, offer large sunny windows, rich hardwood floors, exposed brick walls, modern kitchens and baths, and elegant prewar details. With all free market tenants already in place and a location that can’t be beat, this property will generate income and interest for years to come!6 St. Nicholas Terrace is nestled in the heart of historical Harlem, between St. Nicholas and Covenant Avenues, and West 127th and 128th Streets. The address is minutes from the famous Apollo Theater, Sylvia’s restaurant, St. Nicholas and Morningside Parks, City University, Columbia University Expansion and other great attractions for which the area is known. Two blocks away are the A, B, C, D subway lines at St. Nicholas Avenue and W. 125th Street. PLEASE EMAIL US FOR SETUP. Other specifications of this exceptional property include:Lot Dimensions: 38.58 × 80Block & Lot: 1954/14Gross Building Size: Approx 12,600 Sq. Ft.Unused Air Rights: Yes Zoning/FAR: R8/6.02

Listing History for 6 Saint Nicholas Terrace

Now
02/04/2020
$9,500,000 [-$250,000] [2.6%]
Price Drop by Allen Davoudpour
Compass
2020

Building Details for 6 Saint Nicholas Terrace

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVideo Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts5/15
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.09 miles
125 St
0.4 miles
135 St
0.44 miles
125 St
0.47 miles

Citi Bike

St Nicholas Ave & W 126 St
0.07 miles
Frederick Douglass Blvd & W 129 St
0.14 miles

Contact Agent

Contact Agent

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: 21000TH