$7,500,000
Updated 7 years ago
Off Market

18 West 125th Street

Harlem, Manhattan | Fifth Ave & Lenox Ave

7,490 Square FeetMixed Use

$7,500,000
floors / apts5 / 8
Lot Size19'x100'
Built Size19'x84'
ZoneC4-4
Building TypeLow-Rise
RE Taxes$10,081
Price Per SF
$1,001

Building Amenities

  • Voice Intercom
  • Laundry Room
  • Roof Deck

Property Description for 18 West 125th Street

The offering of 18 West 125th Street for sale presents investors with the rare opportunity to own an investment property on one of Manhattan’s most thriving retail corridors. The property is situated in the heart of Harlem’s world famous 125th Street between Fifth and Lenox Avenues, which recently became home to Whole Foods, Burlington Coat Factory, Bed Bath & Beyond, Victoria’s Secret and other national retail tenants. The desirability and demand of national retailers to plant their flag on 125th Street has driven the remarkable growth in the area. 18 West 125th Street is approximately 7,490 gross square feet; of which 1,600 square feet is retail and 5,890 square feet is residential. The fully occupied property is comprised of 1 retail unit and 8 residential apartments. With just three years left on the commercial lease, future ownership will have the ability to capitalize on the tremendous upside in the retail rent. Of the 8 residential apartments, 3 are convertible from 2 bedrooms to 3 bedrooms. Current ownership has already renovated 5 of the apartments with HVAC systems, installed a new boiler and brand new roof.

Listing History for 18 West 125th Street

Now
05/08/2019
POM by Eric Roth
Cushman & Wakefield
2019

Building Details for 18 West 125th Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1909
Floors/Apts5/8
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.15 miles
125 St
0.33 miles
116 St
0.46 miles

Railroad

Harlem-125 StMetro-North Railroad
0.23 miles

Citi Bike

5 Ave & W 126 St
0.08 miles
Lenox Ave & W 126 St
0.17 miles

Contact Agents

Contact Agents

Eric Roth
Cushman & Wakefield
Robert Shapiro
Cushman & Wakefield

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: 70120TH