Nest Seekers

A single room occupancy SRO building in Central Harlem, 3 stories, with a value add profile for investors and developers targeting this submarket.

New York, NY 10027

Listing

Web ID:5707157
Website:https://www.nestseekers.com/5707157

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.0 Acres

Financials

Price:$1,500,000
Annual Taxes:$21,690

Description

A single-room-occupancy (SRO) building in Central Harlem, 3 stories, with a value-add profile for investors and developers targeting this submarket. The building is currently occupied by one remaining tenant paying $591/month, with all other units vacant. This limited occupancy positions the property for renovation, repositioning, or redevelopment with minimal tenant transition required. CONH status: No Certificate of No Harassment has been filed to date. There are no harassment complaints of record, and the seller has letters from previously departed tenants confirming they vacated in good standing. Buyers should independently verify CONH eligibility and requirements with due diligence; a clean complaint history and supporting tenant letters can support a future CONH application but do not substitute for one. Located moments from the 2/3 and A/B/C/D lines at 125th Street, in a corridor with continued residential and commercial investment. Ideal for investors or developers seeking a near-vacant Harlem asset with a clean tenancy history and redevelopment upside. Seller will pay all violations at closing.

Contact

Eastside, NY, Corporate
505 Park Ave, New York, NY 10022
Phone: +1 212-252-8772
info@nestseekers.com
Listing Courtesy of Weichert New Homes Co
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