Development Site at 498 West 130th Street Listed by CRG Advisors
$599,000
498 West 130th Street, New York, NY 10027
Property Description
Asset CRG Advisors, LLC has been exclusively retained to market 498 W 130th Street, a vacant lot for sale in the Harlem neighborhood of Manhattan.
The property is a 1,245 square foot lot. The lot will be delivered vacant. The property consists of 4,980 buildable square feet. The property is located between Amsterdam Avenue & Convent Avenue.
The property is well positioned with great access to public transportation, located near 125th Street [1] train station & 135th Street [A], [B], [C], [D] train station. The property is also located near multiple [M11], [M101] bus stations. Ownership has set the asking price at $599,000.
Property Details
Asset Type
Development Site
Zoning
R7A, C1-4
Lot Size
1,245 SF
Neighborhood
Harlem
Submarket
New York
ZIP
10027
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$34,075
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$2,840
Annual Debt Service
$34,075
View on Map
Address
498 West 130th Street
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New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale
No investors found in this market.
Contact the Listing Team
Sadya Liberow
Managing Partner | Investment Sales Division
33 closed
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Sadya Liberow
Managing Partner | Investment Sales Division
33 closed