$3,495,000
Updated 7 years ago
Off Market

365 West 116th Street

Harlem, Manhattan | Manhattan Ave & Morningside Ave

16 Rooms6 Beds6 Baths4,420 Square FeetMulti-Family

$3,495,000
floors / apts3 / 2
Lot Size16'7"x100'9"
Built Size16'7"x45'
ZoneR7A
Building TypeTownhouse
RE Taxes$5,689
Price Per SF
$791

Building Amenities

  • Voice Intercom

Property Description for 365 West 116th Street

An excellent value, this historic 1899 2+ unit townhome at 365 W 116th offers tremendous upside for an owner occupant or small condo developer. Fully renovated in 2005 with 20 foot extension, this enormous 2 unit home with permitted lower level offices has 7+ bedrooms and 6 baths. Low price per bedroom and bathroom! Low taxes. Marble Kitchen and Bathrooms throughout. Hardwood Floors. 10+ Ft Ceilings. Recessed Lighting Throughout. Washer dryers in both residences. Zoned R7a w plenty of unused FAR. Over 7000 SF buildable as of right. Efficient stairwell layout maximizes rentable interior space. Adjacent to new Harlem Opportunity Zone. 5 minutes to Columbia University, C/D/3 Subway and excellent bus service (M116, M3 and M7). Exciting neighborhood with highly desirable amenities including Morningside playground, dog run, and restored waterfall and duck pond. Amazing restaurants including The Cecil, Melba's, Silvana, Lolo's, Amy Ruth's, Settapani, Harlem Tavern, Vinateria and Lido. World class jazz and entertainment including Minton's Playhouse and the Apollo Theater. Don't miss this true gem just off Morningside Park suitable for 1031 Exchange or value add investor, business owner, or multigenerational purchase.

Listing History for 365 West 116th Street

Now
05/15/2019
TOM by Robert F. Geils
Corcoran
04/24/2019
$3,495,000 [-$490,000] [12.3%]
Price Drop by Robert F. Geils
Corcoran

Building Details for 365 West 116th Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.12 miles
Cathedral Pkwy (110 St)
0.33 miles
116 St-Columbia University
0.4 miles
116 St
0.46 miles
125 St
0.47 miles

Citi Bike

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

Contact Agents

Contact Agents

Robert Geils
Corcoran
Maura Geils
Corcoran

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: 75013TH