69 West 119th Street
69 West 119th Street
Temporarily Off Market
Temporarily Off Market
Description
This large house on West 119th Street is well positioned to be a fantastic income generator. Similar to a boutique hotel, 69 West 119th Street is a 10-bedroom 9-bathroom building with an ensuite bathroom in nearly every room. When operating as a building with short-term housing, the building yields an astounding $466,000 in gross revenue each year. The net operating income is approximately $329,000, or about a 12% capitalization rate based solely on net rental income...Open House by Appointment Only
This large house on West 119th Street is well positioned to be a fantastic income generator. Similar to a boutique hotel, 69 West 119th Street is a 10-bedroom 9-bathroom building with an ensuite bathroom in nearly every room. When operating as a building with short-term housing, the building yields an astounding $466,000 in gross revenue each year. The net operating income is approximately $329,000, or about a 12% capitalization rate based solely on net rental income and not even factoring in appreciation.
For the buyer not interested in operating an investment property, this beautiful house is also entirely vacant and with a Certificate of No Harassment for an easy single-family, two-family, three-family, or four-family conversion. The large floor plans and big extension offer many opportunities for the buyer to create large and comfortable bedrooms with plenty of oversized windows for light and air.
The backyard is sizable and private and is currently accessed on the ground floor, however, a deck and stairs from the parlor floor can easily be added in the back.
This is an exciting opportunity to own one of Manhattan’s few original brownstones. Located in the Mount Morris Park Historic District, the neighborhood is full of other classic brownstones and tree-lined streets. Just a few houses from Lenox Avenue, 69 West 119 is in the center of Harlem’s commercial district with plenty of shopping and restaurants in close proximity. 125th Street has all of the express transportation, and national retailers including Whole Foods and the new Trader Joe’s and Target planned for 2023.
Listing Agents
![John McGuinness]()
jm@compass.comP: 617.833.5668
![Jason Tran]()
jason.tran@compass.comP: 917.254.7474
Amenities
- Street Scape
- Private Yard
- Exposed Brick
- Decorative Fireplace
- Hardwood Floors
- High Ceilings
- Walk Up
- Window AC can be Installed
Location
Property Details for 69 West 119th Street
| Status | Temporarily Off Market |
|---|---|
| Days on Market | 104 |
| Taxes | $323 / month |
| Maintenance | - |
| Min. Down Pymt | 25% |
| Total Rooms | 13.0 |
| Compass Type | Townhouse |
| MLS Type | Multi Family |
| Year Built | 1909 |
| Lot Size | 1,816 SF / 18' x 101' |
| County | New York County |
Building
69 W 119th St
Location
Virtual Tour
Building Information for 69 West 119th Street
Payment Calculator
$14,393 per month
30 year fixed, 7.25% Interest
$14,070
$323
$0
Property History for 69 West 119th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 69 West 119th Street
Schools near 69 West 119th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 12 | |||
| Public - | 6 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. 242 The Young Diplomats Magnet School PublicPK to 5 | ||
Frederick Douglas Academy II Secondary School Public6 to 12 | ||
Jhs 54 Booker T Washington 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.
Similar Homes
Similar Sold Homes
Homes for Sale near Harlem
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 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 2024, 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 Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.