Mixed-use Building for Sale at 242 Malcolm X Boulevard
$1,500,000
242 Malcolm X Boulevard, New York, NY 10027
6,970 SF
Square Feet
$215
PPSF
15
Units
100.0K
PPU
Property Description
Units
15 — PPU: 100.0K
• 5-story walk-up SRO building consisting of 15 residential units, and 1 commercial space, between West 122nd and West 123rd Streets W 124TH ST
• 22’ of frontage along Lenox Avenue
• 3 blocks from the rapidly expanding thoroughfare on 125th Street with national retailers including Whole Foods, Nike, Shake Shack, H&M, Marshalls, Starbucks, TD Bank, Burlington and Chase Bank W 123RD ST
• Located 2 blocks from the 2 and 3 subway lines at 125th St and 5 blocks from the 125th Street Metro North Station
Property Details
Asset Type
Mixed-use
Year Built
1909
Lot Size
2,200 SF
Neighborhood
Harlem
ZIP
10027
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$85,329
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$7,111
Annual Debt Service
$85,329
View on Map
Address
242 Malcolm X Boulevard
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Harlem Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
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