$2,700,000
Updated 7 years ago
Off Market

309 West 111th Street

Harlem, Manhattan | Manhattan Ave & Frederick Douglass Blvd

36 Beds13,280 Square FeetRental Property

$2,700,000
floors / apts5 / 16
Lot Size33'x100'
Built Size33'x81'
ZoneR7A
Building TypeLow-Rise
Price Per SF
$203

Building Amenities

  • Voice Intercom
  • Laundry Room

Property Description for 309 West 111th Street

A 33.33' wide 5 story walkup apartment building containing 16 apartments of which 2 are Rent Controlled, 3 are Rent Stabilized, and 11 are Free Market. The units consist of 4 three-bedrooms and 12 two-bedrooms. The common areas and apartments have been extensively renovated in recent years after passing through NYC's Article 7-A program. Recent improvements to the building include a new gas-fired boiler and heat timer, a separate hot water heater, a laundry facility, and a building-wide intercom system. All of the apartments are individually metered for both gas and electric. The average monthly rent per unit is approximately $1,429.62 or $23.56 per net rentable square foot which represents approximately 70% of market. The property is located steps from Morningside Park and is in close proximity to Columbia University.

Listing History for 309 West 111th Street

Now
06/27/2011
POM by Paul J. Massey
Cushman & Wakefield
05/25/2011
$2,700,000
Initial Price by Paul J. Massey
Cushman & Wakefield

Building Details for 309 West 111th Street

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/16
Learn More About the Building

Transit and Citi Bike

Subway

Cathedral Pkwy (110 St)
0.06 miles
116 St
0.3 miles
110 St-Malcolm X Plaza
0.36 miles
103 St
0.42 miles
116 St
0.43 miles

Citi Bike

Frederick Douglass Blvd & W 112 St
0.04 miles
Central Park North & Adam Clayton Powell Blvd
0.18 miles

Contact Agent

Contact Agent

Paul Massey
Cushman & Wakefield

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: 39191TH