Avison Young, as exclusive agent, is pleased to offer for sale the Harlem FIve Portfolio, comprised of five walk-up residential buildings at 220-226 West 116th Street and 449 West 125th Street in Central Harlem.
Located between Frederick Douglass and Adam Clayton Power Jr. boulevards, 220-226 West 116th Street offers 105 feet of frontage across four buildings, 40 residential units and five ground-floor retail spaces. The properties are blocks from Central Park, Morningside Park, Columbia University’s main campus and the 125th Street corridor, a main cultural and retail destination in the heart of Harlem. Surrounded by popular local eateries and retail shops including Insomnia Cookies across the street, 220-226 West 116th Street is a short walk to the 2, 3, B and C train stations, which provide access to Midtown in 20 minutes and the City College of New York two stops away.
449 West 125th Street offers 40 feet of frontage on 125th Street between Amsterdam Avenue and Morningside Avenue, 17 walk- up residential units and two ground-floor retail units. Located blocks from Columbia University’s two campuses and the City College of New York, the property is an ideal location for students and is currently occupied with very strong rents. Surrounded by Morningside Park, Riverside Park and St. Nicholas Park, 449 West 125th Street offers great connectivity as it is only blocks from the 1, A, C, B and D trains.
The asking price is $30 million for the Harlem Five Portfolio, which is $480 per square foot and $508,000 per unit.