345 West 123rd Street, NY
Value-Add Conversion Opportunity in Central Harlem
Overview
Key Highlights
- Price $1,800,000
- Units 8
- Status Delivered Vacant
- Zoning R7B
- Gross SF 3,401
- Tax Class 2B
Investment Highlights
• 3,400 SF SRO building located mid-block on a private tree-lined street on the border of Central and West Harlem
• Building will be delivered vacant, offering significant upside and a variety of potential future uses including a rental building, owner/ user building, or single-family townhouse
• Tax class 2B designation, allowing for capped tax increases (current ‘23/’24 taxes are $5,661)
• Ideal conversion opportunity to Class A units once Certificate of No Harassment is obtained
• Property enjoys proximity to Columbia University, The City College of New York, and Morningside Park
• Conveniently situated near several transportation options such as the ‘A’, ‘C’, ‘B’, and ‘D’ trains at the 125th St Station
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