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

Property Details of 309 West 138th Street, Unit Building

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Listed by Bruce Mishell of Compass

Based on information submitted to REBNY as of May 17, 2022 11:02 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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