Invictus Property Advisors successfully closed the 20.5'-wide, three-family property at 46 East 126th Street for $1,840,000 ($469 per SF).
The building was delivered mostly occupied, with two of the three units rented. It has a final Certificate of Occupancy ("CO") from 2009, meaning it is not subject to Good Cause Eviction restrictions. The property was well maintained and underwent a comprehensive renovation in the same year the final CO was issued, including individual boilers for each unit, a new roof, and full interior upgrades. Additionally, taxes were exceptionally low at just $8,482 per year ($2.10 per SF).
The building is within walking distance to the 4, 5 & 6 subway lines at the 125th Street and Lexington Avenue and the 2 & 3
subway lines at 125th Street and Lenox Avenue.
subway lines at 125th Street and Lenox Avenue.
