112 West 138th Street

Investment Overview

Avison Young, as exclusive agent, is pleased to offer for sale 112 West 138th Street (the “Property”), a well-maintained, 54-unit, elevator multifamily building located on a tree-lined block between Malcolm X Boulevard and Adam Clayton Powell Jr. Boulevard in the heart of Harlem.

This exceptionally well-maintained and professionally managed property offers a blend of one- bedroom and two-bedroom apartments, with multiple units featuring recently renovated kitchens and bathrooms. The building also includes on-site laundry facilities for additional income and enhanced tenant convenience.

Investment Highlights

• Adjacent to the 2/3 Subway station
• Located amid a wave of new residential and mixed-use projects transforming Central Harlem
• Average In-Place Rents of $1,777, Average Legal Rents of $1,905
• Institutional ownership has upgraded building operating systems
• Thirty (30) one-bedroom units, Nineteen (19) two-bedroom two-bathroom units and Five (5) studio units
• Strong Tenancy - minimal arrears and violation levels
• High Quality Elevator Building with strong cash-flow, well below replacement cost