For Sale

Listed by Bruce Mishell from Compass

Source: OneKey #H6254093

1/309 West 138th Street, New York, NY, 10030

$2,050,000

7
5

SingleFam

30+ days on the market

What's around 1/309 West 138th Street

About this property

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, 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: $86,891Motivated Seller 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

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