Updated 7 years ago
Off Market
359 West 117th Street
Harlem, Manhattan | Manhattan Ave & Morningside Ave
10 Rooms10 Beds4 Baths3,334 Square FeetMulti-Family
$1,875,000
floors / apts4 / 9
Lot Size16'8"x100'11"
Built Size16'8"x50'
ZoneR7A
Building TypeTownhouse
RE Taxes$2,328
Price Per SF
$562
Listing Features
- Original Details
Building Amenities
- Voice Intercom
Property Description for 359 West 117th Street
NOTE: Principals only. Buyer’s Broker must be paid by Buyer pursuant to a separate contract between Buyer and Buyer’s Broker. The Harlem Properties Team at Compass is proud present our newest townhouse listing at 359 West 117th Street, located between Manhattan Avenue and Morningside Park. This undervalued building represents investors and homeowners significant upside, depending on which strategy you want to take. The building is currently configured as a 10-room SRO with a 10-unit Certificate of Occupancy. The parlor floor consists entirely of one floor-through market-rate Class “A” apartment. Between Manhattan and Morningside Avenues, 359 West 117th Street is centered on a tree-lined, park block, just a short distance to Morningside Park. Central Park is seven blocks to the south. Columbia University campus is directly across Morningside Park. The building contains classic pre-war details, exposed brick, high ceilings, big windows, decorative fireplaces, and detailed wood trim throughout the living rooms, wood floors, new bathroom and kitchen renovations.
The shops, restaurants, stores and banks around the booming 116th Street corridor and the B/C subway entrance are all just two blocks away.
The FAR on this lot is 4, and the building is currently built to 1.78 FAR which means the new owner may have about 6,728 of total buildable SF if they are considering a condo conversion, or a larger single-family or two-family home.
Layout is as follows:
Cellar: Open storage and building mechanicals,
Ground Floor: Two (2) SRO rooms,
2nd Floor: One (1) Class-A apartment,
3rd Floor: Two (2) SRO rooms,
4th Floor: Four (4) SRO rooms,
Other property information:
Lot Size: 17 × 100
Building size: 17 × 49
FAR: 4
Real Estate Tax: $2,318 per year
FAR as built: 1.78
Allowed usable floor area: 6,728
Usable floor area as built: 3,332
Unused FAR: 3,396
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice.
Listing History for 359 West 117th Street
Now
09/02/2019
POM by John McGuinness
Compass
06/04/2019
Expired by John McGuinness
Compass
Building Details for 359 West 117th Street
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts4/9
Transit and Citi Bike
Subway
116 St
0.11 miles
Cathedral Pkwy (110 St)
0.38 miles
116 St-Columbia University
0.41 miles
125 St
0.42 miles
116 St
0.45 miles
Citi Bike
Frederick Douglass Blvd & W 117 St
0.11 miles
Frederick Douglass Blvd & W 115 St
0.15 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: 26102TH
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