$1,997,000
Updated 7 years ago
Sold

309 West 137th Street

Harlem, Manhattan | Frederick Douglass Blvd & Edgecombe Ave

3,000 Square FeetMulti-Family

$1,997,000
floors / apts5 / 4
Lot Size15'x99'
Built Size15'x50'
ZoneR7-2
Building TypeTownhouse
RE Taxes$7,894
Price Per SF
$666

This property was sold for $1,997,000 on 10/10/19.

Building Amenities

  • Voice Intercom
  • Roof Deck

Property Description for 309 West 137th Street

309 West 137th is a perfect turn-key investment property that could be also turned in to one family, with a potential rent role return of $120,000 annually, and very low monthly property tax of $640. Currently, three of the four apartments are rented out. Situated in the heart of Central Harlem, with approximately 3,000 square feet of interior living space, and 750 square feet of incredible outdoor space.

Down the hill from City College and half block away from St. Nicholas Park. This townhouse is close proximity to the historic Strivers Row District, and a short walk to popular venues such as The Edge, Ponty, Harlem Public and more. It is situated close to the B, C, 2, 3 subway lines.

This townhouse offers endless possibilities for an owner/investor.

Layout:

Parlor and second floor is a triplex with a finished basement, three bedrooms, two full bathrooms, and two kitchens. This unit has a private outdoor space.

Third floor has two spacious studios.

Fourth floor is a duplex with three bedrooms and two full bathrooms and a private roof terrace.

Currently three apartments are rented at market rate with a yearly rent roll of $69,600.

All apartments could be delivered vacant. Triplex is currently occupied by the owner, and will be delivered vacant.

This neighborhood truly has the best Harlem has to offer.

Listing History for 309 West 137th Street

Now
10/21/2019
$1,997,000
Sold and Closed by Perine Fernando
Brown Harris Stevens
07/08/2019
Contract Signed by Perine Fernando
Brown Harris Stevens

Building Details for 309 West 137th Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts5/4
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.08 miles
135 St
0.39 miles
145 St
0.46 miles
137 St-City College
0.47 miles

Citi Bike

St Nicholas Ave & W 137 St
0.08 miles
Frederick Douglass Blvd & W 139 St
0.09 miles

Contact Agents

Contact Agents

Perine Fernando
Brown Harris Stevens
Paul Anand
Brown Harris Stevens
Justin Osterthaler
Brown Harris Stevens

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: 76285TH