$4,950,000
Updated 6 years ago
Off Market

164-168 West 136th Street

Harlem, Manhattan | Adam Clayton Powell Blvd & Lenox Ave

8,504 Square FeetIncome Property

$4,950,000
floors / apts3 / 12
Lot Size41'7"x99'9"
Built Size33'x98'
ZoneR7-2
Building TypeLow-Rise
RE Taxes$20,275
Price Per SF
$582

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Garage
  • Outdoor Parking

Property Description for 164-168 West 136th Street

Ariel Property Advisors is pleased to present 164-168 West 136th Street, a 41.67’ wide development opportunity on the south side of 136th Street in Manhattan’s expanding area of Central Harlem neighborhood. Located between Adam Clayton Powell Jr. Blvd. and Lenox Avenue, this 41.67’ x 99.92’ property is zoned R7-2 (FAR: 3.44 as-of-right) and FAR (6.5 with Community Facility Space included), which provides approximately 19,991 buildable square feet (without Community Facility Space) and 22,872 (with Community Facility Space) for multi-family development. The property is currently improved by an existing structure which would need to be demolished. Additionally, the property contains approximately 5,670 square feet of cantilever rights from the adjacent property (Lot 156) for development. The property is located along a tree-lined, residential block within close proximity to several area attractions and institutions. St. Nicholas Park, City College, Harlem Hospital and Columbia University’s Manhattanville expansion are all within walking distance. Around the corner of bustling Lenox Avenue with proximity to historic Strivers’ row. Transportation is also easily accessible from the property with the 2, 3 express subway located less than 2 blocks away (135th & Lenox Ave), as well as the A, B, C subway 2 blocks west bordering St. Nicholas Park. The site is 30 minutes from Grand Central Station via subway. Offering accessibility, scale and prime location in a rapidly emerging neighborhood, 164-168 West 136th Street represents an outstanding Northern Manhattan Development.

Listing History for 164-168 West 136th Street

Now
06/30/2020
POM by Shimon Shkury
Ariel Property Advisors
2020

Building Details for 164-168 West 136th Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/12
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.13 miles
135 St
0.31 miles
145 St
0.48 miles

Citi Bike

Adam Clayton Powell Blvd & W 138 St
0.1 miles
Lenox Ave & W 133 St
0.18 miles

Contact Agents

Contact Agents

Shimon Shkury
Ariel Property Advisors
Michael Tortorici
Ariel Property Advisors
Victor Sozio
Ariel Property Advisors

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: 56927TH