$2,500,000
Updated 8 years ago
Sold

206 West 137th Street

Harlem, Manhattan | Adam Clayton Powell Blvd & Frederick Douglass Blvd

Rental Property

$2,500,000
floors / apts4 / 2
Lot Size18'x100'
Built Size18'x52'
Building TypeTownhouse
RE Taxes$4,400

This property was sold for $2,575,000 on 01/21/16.

Property Description for 206 West 137th Street

206 West 137th Street is a 18 foot Brownstone that sits on beautiful and charming residential block in Hamilton Heights. The house is a four story structure + walk in basement that is close to subway (B/C/2/3 at 135th), St Nicholas Park, shops, and restaurants. It is the perfect purchase for anyone seeking a classic Harlem investment.

The building is 18 x 52 with an attached 8 x 15 extension. The building sits on a massive footprint of 18 x 67 on a 18 x 100 foot lot. The structure is NOT an SRO. It does NOT need a certificate of non-harassment. The building does NOT have any pending legal issues, estate, or any other baggage that would otherwise make this sale difficult. It is just a great space. This is an excellent opportunity for anyone seeking a LARGE 18 foot brownstone in an ideal location that is close to all points. It has tremendous future upside in the thriving Hamilton Heights community.

The space in in excellent condition. One can live in this space with comfort or renovate over time and take advantage of the size and mass of the building. The space could also be developed with 6189 square feet of available air rights.

With many smaller Brownstones trading at higher price points over $1000 PSF, this building is a tremendous opportunity.

Building Details for 206 West 137th Street

OwnershipRental Property
Building TypeTownhouse
AgePre-War
AccessWalk-up
Floors/Apts4/2
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.23 miles
135 St
0.23 miles
145 St
0.46 miles

Citi Bike

Adam Clayton Powell Blvd & W 138 St
0.07 miles
Frederick Douglass Blvd & W 139 St
0.17 miles

Contact Agent

Contact Agent

Licensed As
Jeffrey Berger
Broker
License#:
10491202178
Company:
Isen & Company Real Estate Advisors
Jeffrey Berger
Isen & Company Real Estate Advisors

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: 60055TH