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103-105 West 105th Street

103-105 West 105th Street, New York, NY, 10025, US

103-105 West 105th Street_Property for Sale

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Portfolio description

JLL has been retained on an exclusive basis to arrange for the sale of 103 & 105 West 105th Street (the “Properties”), adjacent 25’ wide, 5.5 story walk-ups located two blocks west of Central Park. The buildings sit just off the corner of Columbus Avenue in area poised to continue its post-pandemic recovery as Columbia University returns to full operations in ’23. The Properties are coming out of long-term ownership and feature multiple paths to add value over both the near and long term. Purchasers will benefit from a rising rental market with ample opportunity to programmatically reposition the properties to meet current and future demand.  

Attributes

Building Area
15,976 sf
103-105 West 105th Street (2 Properties)
103-105 West 105th Street (2 Properties)

Investment highlights

  • 70% Free Market
  • Previous Sub-Rehab with Path to Full Decontrol 
  • Value-Add Opportunity
  • Individual Boilers & Hot Water Systems
  • ~12-Year Family Ownership
  • Tax Class Protected
  • Additional Air Rights
  • Proximity to Columbia University / 1, B, and C Subway Lines
  • Ideal Share Apartments for Students or Young Professionals


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Last updated
Oct 31, 2022