Ariel Property Advisors is pleased to present 117 West 111th Street, a 5-story, 70’ long multifamily building located on the north side of West 111th Street, between Lenox Avenue and Adam Clayton Powel Jr. Boulevard.
Spanning 4,335 gross square feet, 117 West 111th Street contains eight (8) residential units breaking down to five rent stabilized and three free-market dwellings. The residential unit mix contains five studio apartments, one 1-bedroom apartment, and two 2-bedroom apartments. Currently, a majority of the units are vacant representing a great repositioning opportunity. The asset features highly desirable bay windows and is located in very close proximity to Central Park.
117 West 111th Street is easily accessible via the express 2 and 3 subway lines, located only 200 feet away at the corner of West 111th Street and Lenox Avenue. Additional mass-transportation options are the M2, M3, M4 bus lines as well as the A, B, C subway lines, located at the corner of West 110th Street and Central Park West.
117 West 111th Street provides prospective investors, developers, and owner-users with the unique opportunity to acquire a multifamily building in proximity to Central Park, with both conversion and future cash-flow potential.
Listing Courtesy of Victor Sozio, Mark Anderson
Real Estate Taxes
15’ x 101’ (70' deep)
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