118 West 114th Street

For Sale

118 West 114th Street, New York, NY 10026

This New York property for sale is located at 118 West 114th Street. The current listed sale price for 118 West 114th Street is $4,000,000.

Contacts

Sam Schertz

Ariel Property Advisors

Victor Sozio

Ariel Property Advisors

Wil Ades

Ariel Property Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 9,965 SF
  • Units 10
  • Cap Rate % 7.09
  • Taxes / YR $6,088.00
  • Zoning R7-2
  • # of Floors 5
  • Date Updated Nov 4, 2026

Class 2B tax classification caps assessment increases at 8% annually and 30% over five years, providing

long-term expense predictability

 

Meaningful Free-Market Component: 8 of 10 units are free market, giving ownership direct exposure to

market-rate rents in a high demand submarket.

 

Near Term Mark-to-market opportunity with 8 free market leases coming due between April and July

2027. Recent leases have been signed for $3,800 while the average rents in the building are at $3,600.

 

Large apartment layouts averaging approximately 1,000 Sq. Ft. per unit, including 3-bedroom apartments

 

Excellent transit access via the 2 & 3 trains at 116th Street and Lenox Avenue and the B & C trains at 116th Street and

Frederick Douglass Boulevard

 

Located blocks from the northern end of Central Park, the Frederick Douglass Boulevard restaurant corridor, and the

125th Street retail district

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Attachments

Getting around

  • 95/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 83/100

    Bike Score ®

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Location

  • City New York, NY
  • Neighborhood Harlem
  • Zip Code 10026

Points of Interest

  • Lenox Avenue & 116th Street at Southwest Corner

    0.12 miles

  • Lenox Avenue & 116th Street at Southeast Corner

    0.13 miles

  • Lenox Ave & 111th St At Nw Corner

    0.14 miles

  • Lenox Avenue & 116th Street at Northwest Corner

    0.14 miles

  • Lenox Avenue & 116th Street at Northeast Corner

    0.15 miles

  • St Nicholas Ave & Central Park North At Nw Corner

    0.18 miles

  • Special Radio Dispatch

    0.49 miles

  • East 116th Street & Lexington Avenue at Southwest Corner

    0.56 miles

  • East 116th Street & Lexington Avenue at Northwest Corner

    0.56 miles

  • Lenox Avenue & 125th Street at Southwest Corner

    0.56 miles

  • Shell

    0.68 miles

  • BP

    0.96 miles

  • Mobil

    0.99 miles

  • ChargePoint

    1.49 miles

  • FLO

    1.61 miles

  • plugNYC

    1.80 miles

  • Tesla Supercharger

    2.05 miles

  • Mount Sinai

    0.88 miles

  • MPG

    0.91 miles

  • Edison ParkFast

    0.99 miles

  • East River Plaza Garage

    1.15 miles

  • Astor Terrace Parking Garage

    1.26 miles

  • Knickerbocker Plaza Car Park

    1.34 miles

  • Quik Park

    1.43 miles

  • Hamilton Grange

    1.44 miles

  • Parking Lot E

    1.63 miles

  • Parking Lot F

    1.69 miles

  • Park View Hotel

    0.19 miles

  • L-Hostels

    0.22 miles

  • Efuru Guest House

    0.31 miles

  • Apollo Hotel

    0.40 miles

  • Astor on the Park

    0.46 miles

  • Jazz on the Park

    0.52 miles

  • Aloft Hotel

    0.56 miles

  • Central Park Inn

    0.63 miles

  • Hostelling International New York City

    0.78 miles

  • La Maison d'Art Private Gallery

    0.95 miles

  • Fine Fare

    0.11 miles

  • Fine Fare Supermarket

    0.13 miles

  • Fine Fare Supermarket

    0.17 miles

  • C-Town

    0.23 miles

  • Lidl

    0.37 miles

  • Central Markets

    0.39 miles

  • Lincoln Market

    0.49 miles

  • Associated Fresh Supermarket

    0.50 miles

  • Burlington

    0.55 miles

  • Marshalls

    0.59 miles

Contact 118 West 114th Street
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