Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, is pleased to present exclusively for sale a multifamily property in the Manhattanville neighborhood of New York, NY. Senior Executive Managing Director, David Schechtman, and Managing Directors, Lipa Lieberman and Abie Kassin, are representing the seller in this transaction.
Located at 408 West 130th Street between Convent Avenue and St. Nicholas Terrace, the six-story, 63,000 square foot elevator apartment building consists of 83 studio- to three-bedroom units in the heart of Manhattanville, just north of Columbia University. The property has been meticulously maintained and underwent extensive renovations between 2009 and 2013 to feature common area improvements, advanced mechanical equipment, and significant apartment upgrades. 408 West 130th Street benefits from convenient access to mass transportation, dining, and shops, and is advantageously located just seven blocks from The City College of New York to the north and 10 blocks from Columbia University to the south. Dozens of new developments dot the area, and with the expansion of Columbia University, investors have tremendous future upside in rents as tenants vacate the building.
Anchored by Columbia University and City College, the Manhattanville neighborhood benefits from its vibrant collegial feel while also offering residents the perks of living in New York. As a result, the area has blossomed into one of the most highly sought-after residential enclaves in the city. Additionally, 408 West 130th Street benefits from its proximity to John H. Finley Residents Campus Schools, the CUNY Advanced Science Research Center, expansive parks, mass transportation, and a plethora of nearby restaurants and entertainment options.
Founded in 1991, Meridian Capital Group is America’s most active deal maker and one of the nation’s leading commercial real estate finance, investment sales and retail leasing advisors. In 2018, Meridian closed over $37 billion in financing through more than 3,500 transactions across more than 250 unique lenders and sold nearly $1 billion in commercial property. Meridian represents many of the world’s leading real estate investors and developers and the company’s expansive platform has specialized practices for a broad array of property types including office, retail, multifamily, hotel, mixed-use, industrial, and healthcare and senior housing properties. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida and California. www.meridiancapital.com