Description

JLL has been retained on an exclusive basis to arrange the sale of 24-30 West 125^th Street, 2 contiguous mixed use buildings with 44-units located on the south side of West 125^th Street 5^th Avenue and Malcolm X Blvd. This prime West 125^th Street location boasts ~88 feet of frontage, offering unparalleled visibility and access. The building spans approximately 34,474 gross square feet, and is comprised of 44 residential units and 4 retail stores. The residential portion includes 28 Free Market (avg. $2,719/mo), 7 Rent Stabilized (avg. $1,481/mo), and 1 Super Unit.

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Attributes

Number of units

Gross Square Footage

34,474

Media

Investment Highlights

SCALE: ~34 K GSF / 2 contiguous mixed-use buildings / 40 apartments and 4 Commercial Spaces with ~88’ of frontage on West 125^th Street
STRONG SUPPLY & DEMAND FUNDAMENTALS: ~70% of units lease at market are well-positioned to capture continued NYC rent growth / long-term supply constraints
MULTIPLE VALUE-ADD PATHWAYS: Light unit / common area upgrades & rent growth spreading from downtown neighborhoods
TRANSIT ORIENTED: Short walking distance to both East 125^th Street Subway stations with access to 1 2 3 4 5 6 Trains
PRIME NEIGHBORHOOD LOCATION: Located on the 125^th Street retail corridor with home to both national and neighborhood retailers