$1,999,999
Updated 9 years ago
Off Market
309 West 138th Street
Harlem, Manhattan | Frederick Douglass Blvd & Edgecombe Ave
Rental Property
$1,999,999
floors / apts3 / 5
Lot Size17'x99'
ZoneR7-2
Building TypeTownhouse
RE Taxes$4,334
Building Amenities
- Voice Intercom
Property Description for 309 West 138th Street
PRICE IMPROVEMENT!!!!
Incredible 5 unit, 3 floor townhouse located in the Strivers Row Vicinity.
This amazing home was built in 1889 and was restored to retain its impeccable 19th Century Charm.
Situated on a tree-lined block this 17.5ft. wide gem offers over 2,700 square feet of living space.
This home features 19th Century restored crown moldings, staircase and railings, fireplaces with original mantels, high ceilings, basement, cellar, skylight, storage cages and a beautiful garden.
Currently set up as an income producing property with the following layout: *****VERY HIGH PROBABILITY 4 OF THE 5 UNITS WILL BE DELIVERED VACANT****
Two studio units, two one bedroom units and one two bedroom unit. The two one-bedroom units leases expire April 30, 2017.
The two studio units leases expire April 30, 2016.
The two bedroom unit does not have a lease in place.
Current rent roll is $7225 per month with rental potential to $11,700 Per Month - $140,200 Per Year
Actual Rent Roll- $7,225 Per Month
$86,700 Per Year
Projected Rent Roll $11,700 Per Month
$140,200 Per Year
Current Estimated Annual Expenses:$25,759
Taxes- $4,334
Electric & Gas Heat- $6,167
Insurance- $2,111
Cleaning & Maintenance- $7,608
Water/Sewer- $1,633
Repairs- $1,838
Miscellaneous- $2,068
Building Specs:Lot sq. ft. 1,749
Lot dimensions-17.5 ft x 99.92 ft
Floor Area Ratio (FAR)
Max far 3.44
FAR as built 1.56
Maximum usable floor area 6017
Usable floor area 2,728
Landmark None
Building dimensions 18 ft x 51 ft
3 Stories
Has extension - No
Garage -No
Year built 1889
Year last altered 1983
Certificate of Occupancy - Yes
5 Unit - 5 Residential units
Residential sq. ft. 2,727
Zoning District code R7-2
This amenity filled neighborhood offers, parks, restaurants, cafes and shopping.
Incredible 5 unit, 3 floor townhouse located in the Strivers Row Vicinity.
This amazing home was built in 1889 and was restored to retain its impeccable 19th Century Charm.
Situated on a tree-lined block this 17.5ft. wide gem offers over 2,700 square feet of living space.
This home features 19th Century restored crown moldings, staircase and railings, fireplaces with original mantels, high ceilings, basement, cellar, skylight, storage cages and a beautiful garden.
Currently set up as an income producing property with the following layout: *****VERY HIGH PROBABILITY 4 OF THE 5 UNITS WILL BE DELIVERED VACANT****
Two studio units, two one bedroom units and one two bedroom unit. The two one-bedroom units leases expire April 30, 2017.
The two studio units leases expire April 30, 2016.
The two bedroom unit does not have a lease in place.
Current rent roll is $7225 per month with rental potential to $11,700 Per Month - $140,200 Per Year
Actual Rent Roll- $7,225 Per Month
$86,700 Per Year
Projected Rent Roll $11,700 Per Month
$140,200 Per Year
Current Estimated Annual Expenses:$25,759
Taxes- $4,334
Electric & Gas Heat- $6,167
Insurance- $2,111
Cleaning & Maintenance- $7,608
Water/Sewer- $1,633
Repairs- $1,838
Miscellaneous- $2,068
Building Specs:Lot sq. ft. 1,749
Lot dimensions-17.5 ft x 99.92 ft
Floor Area Ratio (FAR)
Max far 3.44
FAR as built 1.56
Maximum usable floor area 6017
Usable floor area 2,728
Landmark None
Building dimensions 18 ft x 51 ft
3 Stories
Has extension - No
Garage -No
Year built 1889
Year last altered 1983
Certificate of Occupancy - Yes
5 Unit - 5 Residential units
Residential sq. ft. 2,727
Zoning District code R7-2
This amenity filled neighborhood offers, parks, restaurants, cafes and shopping.
Listing History for 309 West 138th Street
Now
04/08/2016
POM by Tasha Trice
Brown Harris Stevens Residential Sales LLC
02/04/2016
Contract Signed by Tasha Trice
Brown Harris Stevens Residential Sales LLC
Building Details for 309 West 138th Street
OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1889
Floors/Apts3/5
Transit and Citi Bike
Subway
135 St
0.13 miles
135 St
0.41 miles
145 St
0.42 miles
137 St-City College
0.48 miles
Citi Bike
Frederick Douglass Blvd & W 139 St
0.04 miles
St Nicholas Ave & W 137 St
0.11 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: 60582TH
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