$2,550,000
Updated 9 years ago
Off Market

131 West 130th Street

Harlem, Manhattan | Lenox Ave & Adam Clayton Powell Blvd

21 Rooms8 Beds5 Baths3,740 Square FeetMulti-Family

$2,550,000
floors / apts3 / 5
Lot Size17'x99'
Built Size17'x55'
ZoneR7-2
Building TypeTownhouse
RE Taxes$5,256
Price Per SF
$682

Listing Features

  • Central AC

Outdoor space and views

  • Backyard
  • Terrace

Building Amenities

  • Voice Intercom
  • Garden
  • Laundry Room
  • Roof Deck
  • Storage

Property Description for 131 West 130th Street

Offered is a 5 family brownstone off Lenox Avenue entirely gut renovated in 2013 and consisting of three 2 bedroom floor through apartments including a walk-in, two one bedroom apartments on the top floor, a full cellar, a large rear garden plus a common roof deck and bulkhead added in 2014. All 5 apartments have 2 means of egress. All rents are at market rate. Tenants pay for their own heat, cooking gas and electric. There is a common laundry and space for individual storage cages in the cellar. All leases are up in June/July of 2017. $135,000+/- annual income. $37,675+/- annual expenses. 4% cap rate. 1,988+/- square feet of air rights remaining! SELLER WILLING TO CARRY PAPER FOR QUALIFIED BUYER. Walk to restaurants, bar/lounges and other services along Lenox and Seventh Aves. Just 5 blocks from 125th street's commercial corridor which includes the new Harlem Whole Foods Market as well as a host of venues, restaurants, shops, gyms and transportation options.

Listing History for 131 West 130th Street

Now
07/29/2017
POM by Brian A. Phillips
Douglas Elliman
04/30/2017
Expired by Brian A. Phillips
Douglas Elliman

Building Details for 131 West 130th Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/5
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.25 miles
125 St
0.26 miles
125 St
0.45 miles
135 St
0.5 miles

Railroad

Harlem-125 StMetro-North Railroad
0.49 miles

Citi Bike

Lenox Ave & W 130 St
0.05 miles
Adam Clayton Powell Blvd & W 130 St
0.14 miles

Contact Agents

Contact Agents

Brian Phillips
Douglas Elliman
McKinley Jones III
Douglas Elliman

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: 62630TH