$2,600,000
Updated 9 years ago
Off Market

140 West 132nd Street

Harlem, Manhattan | Lenox Ave & Adam Clayton Powell Blvd

10 Rooms5 Beds4 Baths3,068 Square FeetMulti-Family

$2,600,000
floors / apts3 / 3
Building TypeTownhouse
RE Taxes$5,232
Price Per SF
$847

Outdoor space and views

  • Frontyard

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 140 West 132nd Street

Rarely available: 140 W. 132nd Street is a 3 Family townhouse in central Harlem at the heart of the Harlem Renaissance. Only a decade old, 140 W. 132nd Street is an ideal end user/investor/1031 Exchange 3 Family townhouse just a short stroll to the 2/3 at 135th Street and Whole Foods, Starbucks, H&M, American Eagle, Staples, Marshall's, Red Rooster, Sylvia's, Harlem Shake and Planet Fitness at 125th Street. Standing at a big 3,068 square feet. 140 W. 132nd Street is an 18' wide house with a stoop, front yard and rear garden, and more room to build. Delivered with one vacant unit and two occupied by free-market renters, 140 W. 132nd Street benefits from its excellent condition and ease of landlording: A legal 3 Family, renters handle their own utilities and the fully finished basement has modern mechanicals which serve the units. Unit 1 is a 3 bedroom 2 bathroom duplex with laundry, excellent closets, basement storage and private front yard and garden. Units 2 and 3 are 1 bedroom 1 bathroom apartments that are low maintenance and self-contained. Of course, the entire house could be renovated into a single-family home of grandness and lavish space. Low taxes and cost of maintenance make for ease of ownership. There are few opportunities in Harlem to purchase a townhouse, especially one that is newly built but seamlessly blended into the block. 140 W. 132nd Street has NO issues of SRO or Certificate of Non-Harassment and represents a hassle-free entry into home ownership/investment including 1031 exchange. Make an appointment today; initial viewings shall be limited to Unit 3. Entire house viewings will be arranged for buyers with Letter of Intent or on second appointment.

Listing History for 140 West 132nd Street

Now
11/01/2017
POM by Jeff Gardner
Corcoran
04/20/2017
$2,600,000
Initial Price by Jeff Gardner
Corcoran

Building Details for 140 West 132nd Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2000
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.19 miles
125 St
0.35 miles
135 St
0.42 miles
125 St
0.47 miles

Citi Bike

Lenox Ave & W 133 St
0.09 miles
Adam Clayton Powell Blvd & W 132 St
0.11 miles

Contact Agent

Contact Agent

Jeff Gardner
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: 68939TH