8-Unit Multifamily Building One Block from Central Park.

The building sits on the northern side of West 111th Street, between Lenox Avenue and Adam Clayton Powel Jr. Boulevard. It is 5 stories tall and 70’ long, spanning 4,335 gross square feet and contains eight (8) residential units that are made up of 4 studio apartments, 1 one-bedroom apartment, and 3 two-bedroom apartments. The unit status consists of 5 rent stabilized and 3 free-market dwellings, the majority of which are currently vacant, and as such present a great repositioning opportunity. The dwellings feature highly desirable bay windows and are in close proximity to Central Park.

West 111th Street is easily accessible via the express 2 and 3 Subway lines, the station for which is only 200 feet away at the corner of 111th and Lenox Avenue. Additional transportation options are the M2, M3, and M4 bus lines, as well as the A, B, and C Subway lines, the station for which is located on the corner of 110th Street and Central Park West.

West 111th Street is full of prospective investors, developers, and owner-users, providing the opportunity to acquire a sizable multifamily building in such a uniquely beneficial location with both conversion and future cash-flow potential.