309 West 138th Street
309 West 138th Street New York, New York, 10030 United States

$2,200,000USD
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About 309 West 138th Street

Deal Fell Through
Back on 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 (not an SRO).

Unit 1: Studio/1 BA, at $1,700 month-to-month
Unit 2: 1 BD/1 BA, at $1,760 month-to-month
Unit 3: Studio/1 BA, at $1,650 month-to-month
Unit 4: Studio/1 BA, at $1,620 month-to-month
Unit 5: 2 BD/1 BA, at $2,520 w/lease expiring September 30, 2021


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: $111,000 annual
Expenses: $24,019 annual
NOI: $86,891 annual

Cap Rate: 4%
Listing Provided by Bruce Mishell, Compass, REBNY
1889
Year Built
6
Bedrooms
6
Full Baths
10
Rooms
3,636 Sq Ft.
Interior
Multi Family Townhouse
Property Type
$2,200,000
Change Currency
3110534
MLS / Web ID

 

This Central Harlem, New York Multi Family Townhouse is for Sale at $2,200,000 USD and has 6 bedrooms, 6 Full Baths, and was built in 1889. The Multi Family Townhouse is in zipcode 10030 (New York) and it boasts 3,636 Sq.Ft. of interior space . Nearby neighborhoods include: West Harlem, Manhattanville, Upper Manhattan, Central Harlem, Mott Haven, Harlem, Mount Morris Park, Marcus Garvey, Hamilton Heights and Sugar Hill. See all properties in zipcode 10030.
This property is located in a Great Location. Learn more about this area >
Listing Provided by Bruce Mishell, Compass
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