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 (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 Listing courtesy of Compass