Description

Positioned on a picturesque, tree-lined block between Broadway and Riverside Drive, 621 West 138th Street offers a premier opportunity to acquire a classic, well-maintained pre-war townhouse-style apartment building in the heart of Hamilton Heights. Built in 1920, this four-story asset comprises eight residential units, offering investors an immediate, stable income stream with substantial long-term upside in one of Upper Manhattan’s most resilient rental markets.

The property boasts an exceptional location catering to a built-in, high-quality tenant base of young professionals, graduate students, and faculty.

Higher Education & Healthcare: Anchored by the continuous expansion of Columbia University’s Manhattanville Campus, The City College of New York (CCNY), and NewYork-Presbyterian Hospital.
Transit & Parks: Steps from the 1 subway line at 137th St–City College, providing a seamless commute to Midtown. Residents also enjoy immediate proximity to the scenic waterfronts of Riverside Park and the recreational facilities at Riverbank State Park.
Investment Highlights

Asset Configuration: 8 residential units across 3 stories (efficiently laid out for maximum rental appeal).
Pre-War Architecture: Built in 1920, featuring classic New York townhouse charm and solid brick construction.
Turnkey with Upside: Stable current cash flow with a clear pathway to income optimization and value enhancement through modern renovations.
Prime Location: Situated on a highly desirable, quiet residential block with strong neighborhood character and high historical demand.
621 West 138th Street represents a rare opportunity to capture the enduring demand for quality rental housing in a culturally rich, supply-constrained Manhattan neighborhood. Listing courtesy of Compass ...
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