New York Apts LLC is an investment in a stabilized, cash-flowing multi-family apartment community. The 198-unit residential community in the Harlem neighborhood of Manhattan, operates under a Section 8 Housing Assistance Payment (HAP) contract from HUD (US Department of Housing and Urban Development).

The Property is made up of 7 studios, 55 one-bedroom units, 100 two-bedroom units, and 36 three-bedroom units, and average 604 sq ft. Unit upgrades that will be completed over the next 18 months, include the addition of stainless-steel appliances, vinyl plank flooring, new kitchen cabinets, stone countertops, modern hardware and light fixtures, and new bathroom vanities. The property also features a community room for residents use as well as several social workers to support residents and ensure HUD requirements are met. The first floor of the property features several retail storefronts which offer benefits to residents including a laundry center and physical therapy clinic.

Located at 107-145 W 135th Street in the Harlem area of New York, this stabilized property is located in the heart of one of Manhattan’s most diverse and densely populated areas. Over the past 30 years, Harlem has become one of the most sought after areas in New York due to its cultural vibrance, residential and commercial development, close access to hospitals and universities as well as accessibility to downtown.

This property was purchased in September 2024