188 St Nicholas Avenue

Investment Overview

Lee & Associates is pleased to present the sale for the multifamily building located at 188 Saint Nicholas Avenue (“the Property). Located on the corner of St. Nicholas Avenue and West 120th Street, the building consists of 42 residential units. Of the 42 units, approximately 33% are free market with the remaining 67% subject to rent regulation. The Property represents the opportunity to acquire a stable cashflowing asset with upside potential in the short term through unit renovations and long-term rental appreciation for larger units in the Harlem market.

Investment Highlights

• Corner elevator building allows for fantastic light and air throughout
• 5 blocks from the retail epicenter of Harlem at 125th Street
• Value-add potential through renovation of free market units and existing vacancy in the
• building