Turnkey 29-Unit New Construction Multifamily with 421a Tax Abatement

For Sale

233 W 154th St, New York, NY 10039

This New York property for sale is located at 233 W 154th St. The current listed sale price for Turnkey 29-Unit New Construction Multifamily with 421a Tax Abatement is $160,000,000. Turnkey 29-Unit New Construction Multifamily with 421a Tax Abatement is situated on a lot that is 0.13 acre in size.

Contacts

Sam Schertz

Ariel Property Advisors

Gabriel Elyaszadeh

Ariel Property Advisors

Jason M. Gold

Ariel Property Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 29,395 SF
  • Units 29
  • Lot Size 0.13 Acre
  • Cap Rate % 5.99
  • Taxes / YR $75,634.00
  • Zoning R7-2
  • # of Floors 7
  • Year Built 2021
  • Date Updated May 1, 2026

Investment Highlights

• Completed in 2024, this 7-story boutique elevator building features 29 brand-new residential units, offering an investor a truly turnkey asset with modern mechanicals and zero deferred maintenance
• The building benefits from a 35-year 421a tax abatement in place until 2059, ensuring significantly lower taxes and high predictability, protecting your bottom line for decades
• Designed to attract premium renters, every unit features condo-level finishes and in-unit washer/dryers. Some apartments feature private outdoor space. The building offers tenant amenities including a fully equipped fitness center, a furnished rooftop terrace with city views, a recreation room, secure bike storage, tenant storage lockers, and a virtual doorman
• Strategically positioned in a prime Upper Manhattan location. Tenants enjoy immediate access to the lush greenspace of Jackie Robinson Park, neighborhood dining hotspots, and the Harlem River waterfront
• Highly accessible for commuters, located just blocks from major transit hubs including the 3, A, B, C, and D subway lines, ensuring a rapid and seamless commute into Midtown Manhattan

 

Located in Manhattan’s Central Harlem neighborhood, the subject property is conveniently situated just a short walk from the 155 Street subway station, providing easy access to the B and D lines.

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Attachments

Getting around

  • 90/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 70/100

    Bike Score ®

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Location

  • City New York, NY
  • Neighborhood Harlem
  • Zip Code 10039
  • Market Manhattan

Points of Interest

  • Harlem–148th Street

    0.27 miles

  • Yankees–East 153rd Street

    0.33 miles

  • Saint Nicholas Ave & 155th St At Ne Corner

    0.35 miles

  • Saint Nicholas Ave & 155th St At Sw Corner

    0.37 miles

  • Saint Nicholas Ave & 155th Street at NW Corner

    0.38 miles

  • Saint Nicholas Ave & 155th St at NW Corner

    0.38 miles

  • Lenox Avenue & 145th Street at Northwest Corner

    0.50 miles

  • Lenox Avenue & 145th Street at Northeast Corner

    0.50 miles

  • 161st Street–Yankee Stadium

    0.52 miles

  • Lenox Avenue & 145th Street at Southwest Corner

    0.52 miles

  • Global

    0.30 miles

  • Shell

    0.48 miles

  • Mobil

    0.50 miles

  • BP

    0.68 miles

  • ChargePoint

    3.50 miles

  • FLO

    3.56 miles

  • plugNYC

    3.64 miles

  • Tesla Supercharger

    4.01 miles

  • Harlem River North Lot

    0.19 miles

  • Harlem River Lot

    0.25 miles

  • Harlem River South Lot

    0.28 miles

  • Commuter Parking

    0.30 miles

  • Rupert Plaza Garage

    0.34 miles

  • 153rd Street Garage

    0.41 miles

  • 153rd Street Lot

    0.44 miles

  • 153rd Street North Lot

    0.53 miles

  • 153rd Street South Lot

    0.55 miles

  • 164th Street Garage

    0.58 miles

  • Best Western Plus

    0.34 miles

  • St Nicholas Hotel

    0.37 miles

  • Saint Nicholas Inn

    0.37 miles

  • Hotel

    0.69 miles

  • Holiday Inn Express

    0.74 miles

  • Lotus Accomodation

    0.85 miles

  • La Maison d'Art Private Gallery

    1.11 miles

  • Umbrella Hotel

    1.25 miles

  • Comfort Inn & Suites

    1.28 miles

  • Opera House Hotel

    1.38 miles

  • Shop Fair

    0.29 miles

  • The Food Emporium

    0.35 miles

  • Bronx Terminal Market

    0.39 miles

  • Foodtown

    0.41 miles

  • Target

    0.41 miles

  • Fine Fare Supermarket

    0.49 miles

  • Super Foodtown

    0.49 miles

  • Food Bazaar

    0.49 miles

  • C-Town

    0.54 miles

  • Associated

    0.61 miles

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