116th STREET

New York, NY

215 West 116th Street, New York, NY

116th-street
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SQF

40,000

Residential Units

39

commercial space

6

The property comprises a 40,000sqf 39 Residential Units, 6 Commercial spaces, 7 Floors.

The property was purchased in May 2016 and is still held by Onyx as a long-term value-add investment .

LOCATION

The property is located between Frederick Douglass Boulevard and St. Nicholas Avenue in Central Harlem. Built in 1910, the pre-war property contains 14 two-bedroom, 24 three-bedroom residences, and one-superintendent unit. The property is situated at the convergence of three thriving neighborhoods: Central Harlem, to the north and east, is experiencing growth fueled by development activity along the 125th Street corridor; the Upper West Side, to the southwest, continues to expand its high-end residential influence into Upper Manhattan; and Morningside Heights, located just west of the property, provides strong and consistent demand for housing and amenities as the home of Columbia University, which is currently undergoing a $7 billion, 17-acre campus expansion