129 W 128th St #1, New York, NY 10027

129 West 128th Street Offers a rare opportunity to purchase a incoming producing investment in the heart of Central Harlem. The property is a legal 12 unit, three-story, multifamily walkup building, in West Harlem, New York. The 3,750 square foot property is currently comprised of 12 rent stabilized residential units. Located on the north side of West 128th Street between Adam Clayton Powell Blvd and Lenox Ave, the property is conveniently serviced by a robust public transportation network including the 2 & 3 trains just blocks away. The building is comprised of four residential studio units per floor. Property will be delivered 100 % occupied with existing rents and leases, offering investors a cash flowing turnkey asset currently yield 5.6 % cap rate. Please email to request offering memo with attached rent roll. Annual Income: $ 211,500.00 Expenses: $ 66,217.00 Actual NOI - Net Operating Income: $ 145,283.00