309 West 138th Street, Unit MULTIPLE

Central Harlem, Manhattan, NY 10030

$2,200,000
Price
6
Beds
6
Baths
3,636 Sq. Ft.
$605 / Sq. Ft.
3,636
Sq. Ft.
$605
per Sq. Ft.

Description

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,
...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 annual

Cap Rate: 4%

Amenities

  • Common Outdoor Space
  • Walk Up
  • Voice Intercom
  • Lowrise

Location

Add your commute
LISTING UPDATED: 09/04/2021 08:32 AM

Property Details for 309 West 138th Street, Unit MULTIPLE

StatusTemporarily Off Market
Days on Market325
Taxes$465 / month
Maintenance-
Min. Down Pymt20%
Total Rooms10.0
Compass TypeTownhouse
MLS Type-
Year Built1889
Lot Size1,748 SF / 18' x 100'
CountyNew York County

Building

309 W 138th St

5 Units3 StoriesBuilt in 1889

Location

Add your commute

Listing Agents

  1. Bruce Mishell

    Bruce Mishell

    Listing Agent

    Compass

  2. Suzanne Schwing

    Suzanne Schwing

    Listing Agent

    Compass

    schwing@compass.com

    P: 646.483.1122

Building Information for 309 West 138th Street, Unit MULTIPLE

Stories3Residences5Year Built1889Lot Size1,748 SF / 18' x 100'Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$8,716 per month

30 year fixed, 3.85% Interest

Principal and Interest

$8,251

Property Taxes

$465

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 309 West 138th Street, Unit MULTIPLE

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 309 West 138th Street, Unit MULTIPLE

This home is within New York City Geographic District # 5.
RatingSchoolTypeGradesDistance
Public - PK to 8
Public - 6 to 11
Public - 6 to 8
Public - 6 to 8
RatingSchoolDistance
P.S. 123 Mahalia Jackson
PublicPK to 8

Eagle Academy For Young Men-Harlem
Public6 to 11

Urban Assembly Academy for Future Leaders
Public6 to 8

Knowledge And Power Prep Academy Iv
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2022 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2022, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY