$1,190,000
Updated 11 years ago
Off Market

227 West 131st Street

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

3,328 Square FeetIncome Property

$1,190,000
floors / apts4 / 8
Lot Size16'x99'
Built Size16'x52'
ZoneR7-2
Building TypeTownhouse
Price Per SF
$358

Building Amenities

  • Voice Intercom

Property Description for 227 West 131st Street

> The subject property is located on the North side of West 131st Street between Frederick Douglas and Adam Clayton Powell Boulevard. > The property contains eight (8) free market loft style studio apartments with oak hard wood floors, exposed brick, and new kitchen amenities. > The building has been completely gut renovated with new beams, new plumbing, and new electric. > There are eight (8) individual heating units, nine (9) individual hot water tanks, nine (9) electric meters, and eight (8) gas meters. > The common area has its own hot water tank for janitorial cleaning. > The expenses on this building are extremely low, apartments are all self containing, and the building has been 100 percent destabilized, offering flexibility and immediate upside. > With the property’s “turn-key” condition, low maintenance and fully Free Market Status, 227 West 131st Street offers a unique opportunity for both investors and users alike.

Listing History for 227 West 131st Street

Now
02/22/2012
POM by Victor Sozio
Ariel Property Advisors
2012

Building Details for 227 West 131st Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.29 miles
135 St
0.34 miles
125 St
0.35 miles
125 St
0.37 miles

Citi Bike

Adam Clayton Powell Blvd & W 130 St
0.05 miles
Adam Clayton Powell Blvd & W 132 St
0.06 miles

Contact Agents

Contact Agents

Victor Sozio
Ariel Property Advisors
Shimon Shkury
Ariel Property Advisors
Michael Tortorici
Ariel Property 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: 22548TH