$1,350,000
Updated 7 years ago
Off Market

361 West 116th Street

Harlem, Manhattan | Manhattan Ave & Morningside Ave

12 Rooms6 Beds4 Baths3,264 Square FeetIncome Property

$1,350,000
floors / apts4 / 11
Lot Size17'8"x100'11"
Built Size17'x48'
ZoneR7A
Building TypeTownhouse
RE Taxes$19,380
Price Per SF
$414

Building Amenities

  • Voice Intercom

Property Description for 361 West 116th Street

Offering: The property (Block 1943:Lot 11) is located on the northern side of West 116th street, and is built 17 by 48 on a 100.92 lot within the South Harlem area. The property is zoned R7A and has an FAR of 4.0.

The Opportunity: The property is built to approximately 3264 square feet on a lot that will allow up to 6800 square foot and sits outside of the historic district. With so much additional square footage available, this building can be the cornerstone of an assemblage, a buy and hold, or eventual 1-4 family conversion.

This is a legal SRO with 11B rooms with all occupied. This will be delivered WITHOUT the Certificate of no harassment.

NOTE THIS WILL BE DELIVERED FULLY OCCUPIED.

Listing History for 361 West 116th Street

Now
07/19/2019
TOM by Brian Silvestry
Brian Silvestry, LREB
06/21/2019
Back on the Market by Brian Silvestry
Brian Silvestry, LREB

Building Details for 361 West 116th Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts4/11
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.12 miles
Cathedral Pkwy (110 St)
0.34 miles
116 St-Columbia University
0.4 miles
116 St
0.45 miles
125 St
0.46 miles

Citi Bike

Frederick Douglass Blvd & W 115 St
0.12 miles
Frederick Douglass Blvd & W 117 St
0.13 miles

Contact Agent

Contact Agent

Brian Silvestry
Brian Silvestry, LREB

Harlem | Manhattan

Quick Profile

The neighborhood called West Harlem by the locals is known as Manhattanville to neighborhood newcomers. The area is culturally diverse and might be considered a microcosm of the city as a whole. 

Columbia University has recently expanded into the area, which is attracting student residents from all over the world. Together with students from the City College of New York and young professionals fleeing higher prices in other neighborhoods, this influx of younger residents has brought with it more restaurants and bars on W 125th Street to serve this clientele. There are also new ventures, like a rock-climbing gym, to cater to the interests of these students and young professionals. At the same time, there are many small, family-owned shops and restaurants that have been anchors of the neighborhood for multiple generations.

The area has been through a housing upgrade, as older properties have been renovated and abandoned properties have been razed to make room for new development. There are still reasonably priced apartments available. Young professionals are finding that there is a certain cachet to living in West Harlem. It provides a convenient commute to the city and all of its amenities, while providing a sense of escape at the end of a long work day.

While rentals are popular with the student population, the young professionals are delighted to find pre-war brownstones, pre-war co-ops (including some income-capped HDFCs for lower- and middle-income buyers), and post-war condos that they can afford, although prices are rising. Some new low-rise developments, sporting virtual doormen and desired amenities, are cropping up.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 37641TH