This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

244 W 121st St

3 Unit Apartment Building $5,259,978 CAD ($1,753,326 CAD/Unit) 3.26% Cap Rate New York, NY 10027

Investment Highlights

  • Duplex: $4,425.00 Lease Exp 11/30/2024
  • Unit 3: $2,995.00 Lease Exp 4/30/2025
  • Unit 2: $2,910.00 Lease Exp 8/31/2024

Executive Summary

All Free Market
3 Units, 4 Stories
3,440 sq ft
Three family townhouse with a 2 Bedroom, 3 Bathroom Duplex and two 1 Bedroom floor through units,
Can be converted to a single family townhouse.
High Ceilings
Backyard garden
Duplex: $4,370.00 Lease Exp 11/30/2023
Unit 2: $2,880.00 Lease Exp 8/31/2023
Unit 3: $2,910.00 Lease Exp 12/31/2022
Monthly Income: $10,160.00
Yearly Income: $121,920.00

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $173,967 $65.13
Other Income - -
Vacancy Loss - -
Effective Gross Income $173,967 $65.13
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $173,967
Annual Per SF $65.13
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $173,967
Annual Per SF $65.13
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $5,259,978 CAD
Price Per Unit $1,753,326 CAD
Sale Type Investment
Cap Rate 3.26%
Sale Conditions 1031 Exchange
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.04 AC
Building Size 2,671 SF
No. Stories 4
Year Built 1910

Unit Amenities

  • Air Conditioning
  • Eat-in Kitchen

Site Amenities

  • Courtyard

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+3 1 - -
1+1 2 - -
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R7-A, New York (R7 - Medium-density apartment house district with lower parking requirements)
R7-A, New York (R7 - Medium-density apartment house district with lower parking requirements)
  • Listing ID: 25829481

  • Date on Market: 2022-06-01

  • Last Updated:

  • Address: 244 W 121st St, New York, NY 10027

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}