$1,999,995
Updated 7 years ago
Off Market

274 West 132nd Street

Harlem, Manhattan | Adam Clayton Powell Blvd & Frederick Douglass Blvd

15 Rooms6 Beds4 Baths3,400 Square FeetMulti-Family

$1,999,995
floors / apts3 / 4
Lot Size16'7"x99'9"
Built Size16'7" wide
ZoneR7-2
Building TypeTownhouse
RE Taxes$24,768
Price Per SF
$588

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Courtyard

Property Description for 274 West 132nd Street

OPEN HOUSE BY APPOINTMENT 24hr NOTICE!

OWNER SAYS SELL! - INVESTMENT OPPORTUNITY

CURRENTLY RENTED THRU AIRBNB - PROJECTED CAP RATE OF 7.6% with a 75% OCCUPANCY RATE generating income over $190,000/year!

DELIVERED VACANT with excellent income history and a high projected annual rent roll, this property is delivered in very good condition while consistently generating high income. The rent roll can be provided upon request.

Located on a gorgeous tree-lined street between Frederick Douglass Blvd & Adam Clayton Powell Jr. Blvd, this four-unit brownstone is currently set up for investors but, with some alterations, the new owner could create an owner's duplex with two rental units or convert the building back to a single-family home.

Currently an SRO... the current owner has an APPLICATION SUBMITTED for Certificate of Non-Harassment.

Close proximity to Columbia University and The City College of New York, this location is ideal for prudent investors. For many years, students and faculty have rented the 4 FREE MARKET income-producing units at 274 West 132nd Street.

Built in 1910, this Brownstone has been carefully maintained and has a full cellar with separate electric meters & storage. Close proximity to the 125th commercial corridor near the World-famous Apollo Theatre, Whole Foods, banks/shopping and an array of international dining choices. Steps to 2,3,4,5,6,A,B,C,D trains & Metro North

Listing History for 274 West 132nd Street

Now
02/06/2020
TOM by Cord Stahl
Douglas Elliman
2020

Building Details for 274 West 132nd Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/4
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.26 miles
135 St
0.34 miles
125 St
0.34 miles
125 St
0.45 miles

Citi Bike

Adam Clayton Powell Blvd & W 132 St
0.11 miles
Adam Clayton Powell Blvd & W 130 St
0.13 miles

Contact Agent

Contact Agent

Cord Stahl
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: 72029TH