$6,000,000
Updated 6 years ago
Off Market

507 Manhattan Ave

Harlem, Manhattan | West 122nd Street & West 121st Street

16 Rooms6 Beds6 Baths5,585 Square FeetMixed Use

$6,000,000
floors / apts4 / 6
Building TypeTownhouse
RE Taxes$11,870
Price Per SF
$1,074

Building Amenities

  • Voice Intercom
  • Garage
  • Gated Entry

Property Description for 507 Manhattan Ave

507 Manhattan Avenue
Between West 121st Street & West 122nd Street
Five Family with Commercial Store on the Ground Floor

20 FT WIDE
Built 1901
5 Meters ( Each Unit )
Commercial units 1
Retail SQ FT 1,300
2 Parking Garages (Separate)
Lot Square Footage 1,883
Residential SQ FT 4,285
Average residential unit size 714
Commercial units 1
Insurance $6,000 Yearly
Fuel $5,000 A Year

Garage / Store Ground Level Floor = ($5,400)

1st Floor 2 bed 2 Bath ($3,000)

2nd Floor (1 Bed 1 Bath $2,000) + (1 Bed 1 Bath $2,000)

3rd Floor (Studio 1 Bath $1,700) + (1 Bed 1 Bath $2,000)

Total of $16,100 Per Month / $193,200 A Year

The Property Taxes are $11,000 Per Year

Building Details for 507 Manhattan Ave

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.22 miles
116 St
0.23 miles
125 St
0.48 miles

Citi Bike

Morningside Ave & W 123 St
0.12 miles
St Nicholas Ave & Manhattan Ave
0.12 miles

Contact Agent

Contact Agent

Andrew Ziff
NY Living Solutions

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: 77085TH