$6,750,000
Updated 4 years ago
Off Market

417 West 126th Street

Harlem, Manhattan | Morningside Ave & Amsterdam Ave

12,420 Square FeetCommercial

$6,750,000
floors3
Lot Size28'2"x169'6"
Built Size28'x170'
ZoneR7-2
Building TypeLow-Rise
RE Taxes$7,940
Price Per SF
$543

Building Amenities

  • Driveway
  • Elevator

Property Description for 417 West 126th Street

Ariel Property Advisors has been retained on an exclusive basis to arrange the sale of 417 West 126th Street, a 28’ wide, 12,420 SF, 3-story commercial building located on the south side of West 126th Street between Amsterdam and Morningside Avenues in West Harlem. The subject property contains two (2) commercial units that have been configured as office space that will appeal to owner-users looking for an opportunity to control their own office space. The ground floor features curb cuts on both West 126th and West 127th Streets and offers indoor parking for up to 15 cars/trucks. The property also benefits from a central service elevator that can be used to take heavier equipment up to the floors above. The building has the flexibility to allow a potential purchaser to keep a portion of the property for their own use, while collecting income from the other portion due to the independent entrances on West 126th and West 127th Streets. 417 West 126th Street is in a rapidly developing neighborhood with several major developments such as Janus Property Group’s new Manhattanville Factory District redevelopment and the new Columbia University Manhattanville campus expansion on 130th Street. The subject property enjoys convenient access to the A/C/B/D trains from the 125th Street station located within a 1 block radius, in addition to major roadways such as the Harlem River Drive, West Side Highway and George Washington Bridge that provide access to outer boroughs and suburbs surrounding New York City. 417 West 126th Street presents investors with an opportunity to acquire an owner-user friendly commercial building located in an Opportunity Zone and possesses flexible zoning for redevelopment of residential, commercial or community facility. Additionally, owners can benefit from the low taxes sheltered by the 25 year ICIP tax abatement that began in 2008. For more information, please contact the exclusive sales agents listed below.

Listing History for 417 West 126th Street

Now
05/27/2022
POM by James Nestor
Ariel Property Advisors
01/27/2022
$6,750,000
Initial Price by James Nestor
Ariel Property Advisors

Building Details for 417 West 126th Street

OwnershipCommercial
Building TypeLow-Rise
AgePre-War
AccessElevator
Year Built1926
Floors3
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.14 miles
125 St
0.3 miles
135 St
0.5 miles

Citi Bike

W 129 St & Convent Ave
0.13 miles
Amsterdam Ave & W 125 St
0.13 miles

Contact Agents

Contact Agents

James Nestor
Ariel Property Advisors
Victor Sozio
Ariel Property Advisors
Evan Hirsch
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: 73674TH