Description

An exceptional investment opportunity to acquire an income-producing, eight-unit multifamily property in the heart of South Harlem. Located at 276 West 113th Street, this property sits on a charming, tree-lined block between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard, just moments from Morningside Park and Central Park.

The property is represented as 100% free market providing investors with flexibility to reposition the asset, establish new rental rates, and capitalize on the neighborhood's strong rental demand.

The building comprises seven one-bedroom residences and one studio, with two apartments on each residential level from the basement through the third floor. A separate cellar accommodates boiler equipment and storage.

Ideally situated near Columbia University, the property benefits from convenient access to neighborhood dining, cafés, shopping, and the B/C subway lines at 116th Street. Its desirable Manhattan location, combined with rental upside and potential vacancy, presents an attractive opportunity for investors seeking both immediate income and long-term appreciation.

Annual property taxes are $10,146.64, approximately $846 per month, as reflected in the NYC Department of Finance's 2026-2027 bills.

Please inquire for the current rent roll, operating expenses, and additional property information. Showings by appointment only. Photos have been virtually staged for illustrative purposes.