REDUCED ASKING PRICE

$4 ,000 ,00020 - UNIT CENTRAL HARLEM MULTIFAMILY BUILDING FOR SALE

15 Minutes to Midtown Manhattan via A, B, C & D

Subways Lines , 25' of Frontage, Close Proximity to

Columbia University

INVICTUS PROPERTY ADVISORS

303 Fifth Avenue, #1102, New York, NY 10016

email: info@invictusnyc.com

www.invictusnyc.com

JOSH LIPTON

josh.lipton@invictusnyc.com

212 596 7579

201 364 1809

ANDREW LEVINE

andrew.levine@invictusnyc.com

212 596 7570

917 495 0446

Invictus Property Advisors LLC makes no warranty or representation as to the accuracy and completeness of the information

contained herein. This information is presented subject to errors, omissions and other conditions which may change without notice.

The information contained herein shall be independently evaluated.

315 WEST 121st STREET

MANHATTAN, NY 10027INVICTUSPROPERTY ADVISORS

315

BUILDING FEATURES

On the north side of West 121st Street between

Frederick Douglass Boulevard & Manhattan Avenue .

1948 / 22

25 ' X 100.92 '

2,523 SF

5

25 ' X 86 '

9,516 SF

8,089 SF (assumes 15% loss factor)

20 Units

R7-2

10,092 BSF

576 SF

$379,800 (Tax Class 2)

$47,900

$366,093

$110,421

$255,672

6.40%

PROPERTY FEATURES

INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 315 West 121st Street, a five (5)

story, multifamily walk-up building, totaling twenty (20) rent stabilized residential units on the north side of West

121st Street between Frederick Douglass Boulevard & Manhattan Avenue.

Located adjacent to Restaurant Row along Frederick Douglass Blvd from 110th to 124th Streets, the property benefits

from a wide range of cultural amenities and some of the City’s finest dining establishments that give the streets of

West Harlem a unique dynamism.

In addition, there are several new developments that are either under construction or recently completed that will

further transform the immediate area, including, but not limited to: The Vidro Condominiums at 313 West 121st Street,

Happy Living's 13-Story, 169-residential unit development at 300 West 122nd Street, the condominium project at 370

West 125th Street and Harlem's future tallest building at 233 West 125th Street (aka the Victoria Theater

Redevelopment), which will include 191 rental apartments and a 210-key Renaissance Marriott Hotel.

The property is near Morningside Park, The Columbia University campus, The Columbia University Expansion Project

and the 125th Street Commercial Corridor. It is a few blocks away from the A, B, C, & D subway lines on West 125th

Street and Saint Nicholas Avenue with access to Midtown Manhattan (i.e. Columbus Circle) in less than 15 minutes.

LOCATION:

BLOCK / LOT:

LOT DIMENSIONS:

LOT AREA:

STORIES:

BUILDING DIMENSIONS:

GROSS SQUARE FOOTAGE:

NET RESIDENTIAL SQUARE FOOTAGE:

RESIDENTIAL UNITS:

ZONING:

TOTAL BUILDABLE SF:

TOTAL AVAILABLE AIR RIGHTS:

ASSESSMENT 20/21:

TAXES 20/21:

GROSS ANNUAL REVENUE :

EXPENSES + VACANCY LOSS :

NET OPERATING INCOME:

CAP RATE

315 WEST 121st STREET

MANHATTAN, NY 10027INVICTUSPROPERTY ADVISORS

RENT ROLL

$30,508

$366,093

$45.25

UNIT# STATUS MONTHLY REVENUE ANNUAL REVENUE

RS $1,573 $18,876

$498 $5,971

$21,315

$1,440 $17,277

$1,768 $21,217

$1,776 $21,315

$1,312 $15,739

$1,285 $15,419

RS

RS

RS

RS

RS

RS

RS

1

6

2

7

5

3

4

315 WEST 121st STREET

MANHATTAN, NY 10027

$1,776

MONTHLY REVENUE

ANNUAL REVENUE

AVERAGE RENT PER NET SQUARE FOOT

INVICTUSPROPERTY ADVISORS

8

RS $1,868 $22,414

$1,277 $15,329

$15,546

$1,380 $16,557

$1,722 $20,663

$1,695 $20,340

RS

RS

RS

RS

RS

9

14

10

13

11

12

$1,296

BEDROOMS/BATHROOMS

Studio / 1

Studio / 1

1 / 1

Studio / 1

1 / 1

1 / 1

1 / 1

1 / 1

Studio / 1

Studio / 1

1 / 1

1 / 1

1 / 1

Studio / 1

RS $1,879 $22,551

$1,671 $20,051

$15,317

$1,675 $20,097

$1,391 $16,697

$1,950 $23,400

RS

RS

RS

RS

RS

15

20

16

19

17

18

$1,276

1 / 1

1 / 1

1 / 1

Studio / 1

1 / 1

1 / 1

PREF RENTS

$152

$83

$170

$128

315 WEST 121st STREET

MANHATTAN, NY 10027INVICTUSPROPERTY ADVISORS

EXPENSES

$366,093

6.40%

$10,983

$355,110

$99,438

$255,672

$47,900

$5,000

$9,516

$4,800

$18,900

$99,438

$1,427

$11,895

R.E. TAXES (20/21)

INSURANCE

WATER & SEWER

COMMON ELECTRIC

GAS

REPAIRS & MAINTENANCE

SUPER

TOTAL EXPENSES

GROSS ANNUAL REVENUE (GAR)

VACANCY ALLOWANCE @ 3% OF GAR

EFFECTIVE GROSS ANNUAL REVENUE

LESS ANNUAL EXPENSES

NET OPERATING INCOME

CAP RATE

GRM

Actual

Projected @ $1.00 / SF

Projected @ $945 / Unit

Projected @ $0.15 / SF

Projected @ $1.25 / SF

Projected @ $250 / Unit

Projected @ $400 / Month

10.92x

POINTS OF INTEREST

FAÇADE

CUTOUTS ALLOW FOR 360° LIGHT & AIR

315 WEST 121st STREET

MANHATTAN, NY 10027INVICTUSPROPERTY ADVISORS

PROPERTY PHOTOS

H I G H L I G H T S

CENTRAL HARLEM

LOCATION

NEW DEVELOPMENTS

NEARBY

6.4% CAP

RATE

11x GRM

20 UNITS 100% OCCUPANCY

RATE

STRONG CASH

FLOW

315 WEST 121st STREET

MANHATTAN, NY 10027

MAP

INVICTUSPROPERTY ADVISORS

REDUCED ASKING PRICE

$4 ,000 ,00020 - UNIT CENTRAL HARLEM MULTIFAMILY BUILDING FOR SALE

15 Minutes to Midtown Manhattan via A, B, C & D

Subways Lines , 25' of Frontage, Close Proximity to

Columbia University

W E S T 1 2 1 S T S T

W E S T 1 2 2 N D S T

MA

NH

AT

TA

N A

VE

ST

. NI C

HO

LA

S A

VE

22

ST

. NI C

HO

LA

S A

VE

M O R N I N G S I D EP A R K

FR

ED

ER

I CK

DO

UG

LA

SS

BL

VD

W E S T 1 2 5 T H S T

MA

NH

AT

TA

N A

VE

W E S T 1 2 2 N D S T

PROPERTY

1948BLOCK

MORNI N

GSI D

E A

VE