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 cant 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, Sylvias 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.
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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
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