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New To The Market
Investment opportunity in the heart of Harlem, just a stones 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 Manhattans hottest rental markets. 309 West 138th Street is ideally situated among Harlems 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
