309 West 138th Street

West Harlem   |   Frederick Douglass Boulevard & Edgecombe Avenue

Building for sale
$ 2,150,000
Ownership Rental Property
Lot Size 17'x99'
Floors/Apts 3/5
Status Active
Real Estate Taxes [Per Annum] $ 5,587
Building Type Townhouse
Year Built 1889
ASF/ASM 3,636/338
Listing ID: 60582TH

Property Description

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 (not an SRO). Unit 1: Studio/1 BA Unit 2: 1 BD/1 BA Unit 3: Studio/1 BA Unit 4: Studio/1 BA Unit 5: 2 BD/1 BA 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: $110,880 annual Expenses: $23,619 annual NOI: $87,261 annual Cap Rate: 3.1%
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 (not an SRO). Unit 1: Studio/1 BA Unit 2: 1 BD/1 BA Unit 3: Studio/1 BA Unit 4: Studio/1 BA Unit 5: 2 BD/1 BA 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: $110,880 annual Expenses: $23,619 annual NOI: $87,261 annual Cap Rate: 3.1%

Listing Courtesy of Compass

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Apartment Features

A/C
309 West 138th Street West Harlem New York NY 10030

Building Details [309 West 138th Street]

Ownership Rental Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 2041/43
Zoning R7-2
Building Type Townhouse
Year Built 1889
Floors/Apts 3/5
Lot Size 17'x99'

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.