$2,500,000
Updated 5 years ago
Off Market

237 West 137th Street

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

5,340 Square FeetIncome Property

$2,500,000
floors / apts5 / 11
Lot Size19'x99'2"
Built Size18'x60'
ZoneR7-2
Building TypeTownhouse
RE Taxes$45,320
Price Per SF
$468

Building Amenities

  • Voice Intercom

Property Description for 237 West 137th Street

Ariel Property Advisors is pleased to present 237 West 137th Street, a vacant townhouse/conversion opportunity located on the north side of 137th Street between Adam Clayton Powell Jr. and Frederick Douglass Boulevards in the heart of Central Harlem. 237 West 137th Street is an 18’ wide, five-story walk-up building spanning approximately 5,340 square feet and the property’s R7-2 zoning (3.44 FAR as-of-right) provides approximately 1,191 square feet of additional air rights for development. The building is currently vacant and has private parking access in the rear of the property, allowing for a variety of conversion options for investors and owner-users alike. The property is located one block from the historic Strivers’ Row and is within proximity to many major institutions, including Columbia University, City College of New York, and NYC Health + Hospitals/Harlem. St. Nicholas Park, Jackie Robinson Park, and Colonel Charles Young Playground provide nearby green space; ample retail and restaurants line Adam Clayton Powell Jr. and Frederick Douglas Boulevards; and various new construction projects in close vicinity reflect the long-term demand for housing in this community. Access to the 135th Street subway stations at St. Nicholas Avenue and Malcolm X Boulevard are within two blocks of the building, providing easy access to downtown and the outer boroughs via the A, B, C, 2 and 3 trains. Lastly, the bus lines 2, 3, 7, 10, 102, and Bx 33 all stop within a couple blocks of the property. 237 West 137th Street’s desirable location, vacant delivery, and rare bonus of private parking makes this an ideal investment and owner-user opportunity.

Listing History for 237 West 137th Street

Now
11/30/2021
$2,060,000
Sold and Closed by Matthew L. Gillis
Ariel Property Advisors
03/11/2021
$2,500,000
Initial Price by Matthew L. Gillis
Ariel Property Advisors

Building Details for 237 West 137th Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/11
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.18 miles
135 St
0.29 miles
145 St
0.46 miles

Citi Bike

Adam Clayton Powell Blvd & W 138 St
0.11 miles
Frederick Douglass Blvd & W 139 St
0.11 miles

Contact Agents

Contact Agents

Matthew Gillis
Ariel Property Advisors
Victor Sozio
Ariel Property Advisors
James Nestor
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: 72783TH