NEW YORK, NY – January 5, 2018 – Ariel Property Advisors has been exclusively retained to sell 215 West 134th Street, a multifamily building located in the prime Northern Manhattan location of Central Harlem. The asking price for the 6-unit property is $2.35 million.

The 4-story building is situated on a quaint, tree-lined residential block on the north side of West 134th Street, between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard. Spanning 3,332 gross square feet, the property consists of three (3) studio apartments and three (3) one-bedroom apartments, half of which are currently vacant.

Exclusive agents Matthew L. Gillis, Victor Sozio, Michael A. Tortorici and Orry Michael are representing the seller

“With its coveted location and immediate value-add potential, 215 West 134th Street offers both investors and owner-users a perfect acquisition opportunity,” said Matthew L. Gillis, Director at Ariel Property Advisors.

Indeed, current ownership of the building has received DOB approval to turn one of the ground-floor apartments into a two-bedroom, two-bathroom garden apartment, as the property also has an unfinished garden level. The owners have also applied for a Certificate of Occupancy change that, if approved, will legalize turning the basement into a stand-alone garden unit. In addition, the property contains approximately 2,513 square feet of air rights for further development.

The building boasts close proximity to a plethora of attractions and institutions, such as St. Nicholas Park, City College, Harlem Hospital and Columbia University’s Manhattanville expansion. The property also enjoys easy access to other areas throughout New York City, with the A/C/B/ and 2/3 subway lines just a few blocks away.