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507 W 139th St
New York, NY 10031 Hamilton Heights

Price Upon Request

Apartments For Sale  •  17,540 SF

Property Details

  • Property Type Apartments
  • Total Building Size 17,540 SF
  • Lot Size 0.11 AC
  • Building Class C
  • Year Built 1905
  • Zoning R7-2, Manhattan (C1)
100 Transit Score
98 Walk Score

Highlights

55% of the units are free-market, providing investors with the flexibility to raise rents without regulatory restrictions.
The investment will trade around a 40% discount to its replacement cost which is also below its $6,865,000 loan basis.
Potential future rent law reform could substantially enhance the investment’s value by enabling greater rent growth and repositioning opportunities.
The asset is proximate to the 1, A/C and B/D subway lines allowing tenants affordable and easy access to public transportation.
Desirable location just a short distance from City College of New York, NYC Health Hospital – Harlem, and the Harlem YMCA.

Amenities

  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Recycling
  • Smoke Free
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Harlem-125th Street Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 6 min - 2.1 mi
Yankees-E 153rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 8 min - 2.9 mi
Transit/SubwayDriveWalkDistance
137 Street-City College (1 - New York MTA Subway (The Subway)) 2 min 4 min 0.2 mi
145 Street (1 Line) (1 - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
145 Street (A,B,C,D Line) (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway)) 2 min 10 min 0.5 mi
135 Street (A,B,C Line) (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 12 min 0.6 mi
125 Street (1 Line) (1 - New York MTA Subway (The Subway)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
LaGuardia 18 min - 7.9 mi
John F Kennedy International 32 min - 19.1 mi
Newark Liberty International 28 min - 22.3 mi
Matthew Mastrocola 201-410-5243 Colliers
Matthew Mastrocola 201-410-5243 Colliers