Updated 10 years ago
Off Market
258 West 123rd Street
Harlem, Manhattan | Adam Clayton Powell Blvd & Frederick Douglass Blvd
10 Beds8 Baths5,032 Square FeetRental Property
$2,330,000
floors / apts5 / 1910
Lot Size16'6"x100'9"
Building TypeTownhouse
RE Taxes$7,856
Price Per SF
$463
Building Amenities
- Voice Intercom
Property Description for 258 West 123rd Street
Income (2012) lease expires
1 fl n/a vacant owner occu. 2bed 1 bath. Approx 2200.
2 fl (currently $1850) 21960. 8/31/13 2 bed 1 bath
3 fl (currently $2040) 24160. 5/14/13 2 bed 2 bath
4 fl (currently $2050) 24600. 1/31/13 2 bed 2 bath
5 fl (currently $2200) 26400. 6/30/13 2 bed 2 bath
_______
total $97120.
Apartments are all free market and not subject to any restrictions or limitations.
Expenses (2012)
Utilities (gas + electric) 5965.
Taxes 7856.
Insurance 4006.50
Water/Sewer 1485.41
Repairs/Maintenance 1700.
Cleaning 600.
Management/legal/fees n/a
_______
total $21613.
Building is self-managed. Repairs/Maintenance has been limited to yearly boiler service and the occasional handyman issues. Vacancy rate is extremely low due to desirability and low tenant turnovers. All apts have been renovated. Building is in very good shape and has w/d hookups. (My personal note. I believe these rents are low.)
Building SF
5,032
Residential SF
5,032
Lot SF
1,682
Max allowed FAR
4
FAR as built
2.99
Maximum usable floor area
6,728
Usable floor area
5,029
Building dimensions
17 ft x 74 ft
Stories
4
Residential units
5
Has extension
No
Has garage
No
Year built
1910 (estimated)
Year last altered
1988
Can ad value by building another floor and taking owners first floor apt and attaching the garden. Basement is built full and might be able to duple it with first floor and garden.
Apartment Features
Dining Area; AC: Window Units; Kitchen: Open; Dishwasher; Bathroom: Marble; Window: New Windows; Oversized Windows; 1 Decorative Fireplace; Floor-through Apartment; High Ceiling; W/D Hookups; Abundant Closets; Exposed Brick;
Exposure / View
North; South
Building Description
Cross Streets: Adam Clayton Powell Boulevard and Frederick Douglass Boulevard.
Voice Intercom; Walk-Up; Pre-war; Built 1910; Townhouse; 5 Floors; 5 Apartments.
Listing History for 258 West 123rd Street
Now
09/26/2013
POM by David Calderazzo
David Francis New York
06/28/2013
TOM by David Calderazzo
David Francis New York
Building Details for 258 West 123rd Street
OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/1910
Transit and Citi Bike
Subway
125 St
0.21 miles
125 St
0.29 miles
116 St
0.3 miles
116 St
0.43 miles
Citi Bike
Adam Clayton Powell Blvd & W 123 St
0.09 miles
St Nicholas Ave & Manhattan Ave
0.15 miles
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: 47659TH
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