$2,200,000
Updated 4 years ago
Sold

117 West 111th Street

Harlem, Manhattan | Adam Clayton Powell Blvd & Lenox Ave

5 Beds4,335 Square FeetIncome Property

$2,200,000
floors / apts5 / 8
Lot Size15'x100'9"
Built Size15'x70'
ZoneR7-2
Building TypeTownhouse
RE Taxes$6,218
Price Per SF
$507

This property was sold for $2,115,000 on 02/02/23.

Outdoor space and views

  • Central Park

Building Amenities

  • Voice Intercom

Property Description for 117 West 111th Street

Ariel Property Advisors is pleased to present 117 West 111th Street, a 5-story, 70’ long multifamily building located on the north side of West 111th Street, between Lenox Avenue and Adam Clayton Powel Jr. Boulevard. Spanning 4,335 gross square feet, 117 West 111th Street contains eight (8) residential units breaking down to five rent stabilized and three free-market dwellings. The residential unit mix contains five studio apartments, one 1-bedroom apartment, and two 2-bedroom apartments. Currently, a majority of the units are vacant representing a great repositioning opportunity. The asset features highly desirable bay windows and is located in very close proximity to Central Park. 117 West 111th Street is easily accessible via the express 2 and 3 subway lines, located only 200 feet away at the corner of West 111th Street and Lenox Avenue. Additional mass-transportation options are the M2, M3, M4 bus lines as well as the A, B, C subway lines, located at the corner of West 110th Street and Central Park West. 117 West 111th Street provides prospective investors, developers, and owner-users with the unique opportunity to acquire a multifamily building in proximity to Central Park, with both conversion and future cash-flow potential.

Listing History for 117 West 111th Street

Now
09/29/2022
Sold and Closed by Victor Sozio
Ariel Property Advisors
08/05/2022
Contract Signed by Victor Sozio
Ariel Property Advisors

Building Details for 117 West 111th Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts5/8
Learn More About the Building

Transit and Citi Bike

Subway

110 St-Malcolm X Plaza
0.07 miles
116 St
0.25 miles
Cathedral Pkwy (110 St)
0.28 miles
116 St
0.4 miles
103 St
0.5 miles

Citi Bike

Lenox Ave & W 111 St
0.07 miles
Central Park North & Adam Clayton Powell Blvd
0.13 miles

Contact Agents

Contact Agents

Victor Sozio
Ariel Property Advisors
James Nestor
Ariel Property Advisors
Mark Anderson
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: 82986TH