New To The Market Investment opportunity in the heart of Harlem, just a stone’s throw from Strivers’ Row. Located on a beautiful, tree-lined block, this 1889 townhouse features five free-market units with original details preserved throughout. Owned by the same family for over 100 years, 309...
New To The Market Investment opportunity in the heart of Harlem, just a stone’s throw from Strivers’ Row. Located on a beautiful, tree-lined block, this 1889 townhouse features five free-market units with original details preserved throughout. Owned by the same family for over 100 years, 309 West 138th Street now offers an opportunity to own a piece of Harlem, one of Manhattan’s hottest rental markets. 309 West 138th Street is ideally situated among Harlem’s many parks and restaurants, with easy access to the B/C and 2/3 trains at 135th Street. Close to City College, Columbia University, and major retailers along 125th Street. This property is a legal 5-family building (free market). Unit 1: (Garden Apartment) 1 BD/1 BA, at $1,900 Mo. Unit 2: (Parlor Floor) 1 BD/1 BA, at $1,950 Mo. Unit 3: Studio/1 BA, at $1,750 Mo. Unit 4: Studio/1 BA, at $1,750 Mo. Unit 5: 2 BD/1 BA, at $2,750 Mo. Lot: 17.5’ x 99.92’ Building: 17.5’ x 51’ FAR: as-built 1.56, max 3.44 Zoning: R7-2 Tax Class: 2A Rent Roll: $121,200 Annual expenses: $26,075 Net $86,891
Courtesy of Compass
Located in Upper Manhattan, Harlem is a vibrant, historic New York neighborhood bounded by Central Park, East Harlem, Washington Heights, and Morningside Heights. Renowned for its rich array of shopping, dining, cultural, and entertainment offerings, the neighborhood is one of Manhattan's most well-known. Here, you can find everything from trendy eateries and nightclubs to theaters and jazz clubs that have had an indelible impact on New York City's history and culture.
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