Description
ALL-CASH PURCHASE
SRO brownstone in the heart of Harlem ideal for a buyer who is fully comfortable navigating complex tenancy and regulatory conditions. This is an ALL-CASH ONLY acquisition and is not suitable for traditional financing.
This three-story townhouse currently operates as a multi-unit SRO with long-term occupants, no DHCR registration, and no Certificate of No Harassment (CONH) on file. The building needs system repairs (including restoring hot water), regulatory attention, and working through existing tenancies. This building offers meaningful upside for the buyer who knows how to move through the process.
Building: Approx. 3,600 SF, 7 active units (10 per HPD), R7B zoning
Condition: Structurally sound; mechanical systems need work
Tenancy: Fully occupied, cannot deliver vacant
Regulatory: CONH required before major renovation or change-of-use
This opportunity is not for a developer seeking quick conversion, or a buyer unfamiliar with HPD/DHCR processes. It is specifically for an all-cash purchaser who understands SRO restrictions, tenant coordination, and long-term value creation.
For the right buyer, this represents the chance to acquire a rare Harlem asset with strong fundamentals in a high-demand corridor
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Property Details
- Multi Family
Amenities
- Pets: Building No, No
- Private Outdoor Space Over60 Sqft
