Living / Multi-housing

567 W 125th Street

567 W 125th St New York, New York United States 10027-3428
Asking Price
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1901
Building Area Gross

Asset Description

JLL has been retained on an exclusive basis to arrange for the sale of 567 West 125th Street, a 50’ wide 6 story mixed-use building located on the north side of West 125th Street between Broadway and Amsterdam Avenue. The property is ideally situated between Columbia University’s brand new $7 Billion Manhattanville Campus and the new 1.1 Million-square-foot Manhattanville Factory District. These new developments will continue to attract new residential tenants to the area and provide demand for high quality rental housing and service-oriented retail. In addition to these new drivers the property is well serviced by the 1 train along Broadway which provides convenient access to midtown Manhattan in under 20 minutes and is 1 stop from Columbia’s main campus.


567 West 125th Street contains 22 spacious apartments & two retail spaces. Of the 22 residential units, 17 are Free Market, 4 are Rent Stabilized, and 1 is Rent Controlled. Layouts are configured as 1 one-bedroom, 1 four-bedroom and 20 three-bedroom units, with an average unit size of approximately 715 square feet. The Free-Market apartments are renting for an average of $45 PSF, or ~$900 per bedroom representing a significant discount to citywide trending rents.



Investment Highlights

  • 21,768 GSF - 22 Apartments 2 Stores - 50’ Wide
  • Substantial & Continuing Neighborhood Redevelopment / Expansion - Qualified Opportunity Zone
  • Post-COVID Rental Rebound
  • Ideal Location Between Columbia’s $7B Manhattanville Campus & New ~1.1M Sq. Ft. - Manhattanville Factory District
  • 3-Bedroom Layouts Well Suited for Apartment Shares
  • Immediate Upside FM Units ~30% Below Market
  • Columbia’s Fall 2022 Return to 100% In-Person Learning
  • 1-Min. Walk to 125th Street 1 Train Station –Connectivity to Midtown in Under 20 Minutes
  • 77% of the Apartments are Free Market
Last Updated Date: 07 Oct 2022

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Last Updated Date: 07 Oct 2022

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