Updated 23 days ago
Harlem, Manhattan | Lenox Ave & Adam Clayton Powell Blvd
3,646 Square FeetMulti-Family

$2,825,000
floors / apts4 / 8
Lot Size16'7"x100'
Built Size16'7"x63'
ZoneR7-2
Building TypeTownhouse
RE Taxes$8,661
Price Per SF
$775

Outdoor space and views

  • Backyard

Building Amenities

  • Video Intercom
  • Garden
  • Laundry Room

Property Description

INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 115 West 136th Street, an eight (8) unit free market multifamily building that was just completely gut renovated with units featuring stainless steel appliances, granite counter-tops, dishwashers, microwaves, wall AC units, and ample cabinet and storage space. In addition, building amenities include smart-lock key-less entry, a video intercom system, and a laundry room in the basement. Common areas are outfitted with exposed brick, a new staircase, new doors and a skylight on the top floor as well as a completely upgraded building facade, mechanicals and roof. The building's strategic location is a block away from the Harlem Hospital Center which is a 272-bed, public teaching hospital affiliated with Columbia University which was founded in 1887. Just around the corner is the Lenox Avenue retail corridor which is home to some of Harlem's most well-known and up-and-coming restaurants. In addition, the asset is a short walk away from The City College of New York and in close proximity to the Columbia University Manhattanville Expansion Project which is a 7 million SF expansion, of which several new buildings in its Phase 1 of construction are already completed and occupied. The property's unit mix of studios and one-bedrooms are perfect for young professionals, hospital residents and students with parental guarantors seeking out a fully equipped building on a tree-lined townhouse block. Future ownership can benefit from receiving a premium $/NSF rental rate for free market product given the unit count in a building of this size. There is a current certificate of occupancy for eight (8) units that conforms with the layout of the building. The building is just one (1) block away from the 2 & 3 subway lines at West 135th Street and Lenox Avenue and a 10 minute walk from the B & C subway lines at West 135th Street and Saint Nicholas Avenue.

Listing History

Now
04/19/2021
$2,825,000
Initial Price by Josh Lipton
Invictus Property Advisors
2021

Building Details

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVideo Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.07 miles
135 St
0.4 miles
145 St
0.44 miles

Citi Bike

W 135 St & Lenox Terrace Pl
0.14 miles
Adam Clayton Powell Blvd & W 138 St
0.14 miles
Lenox Ave & W 133 St
0.16 miles

Contact Agents

Contact Agents

Josh Lipton
Invictus Property Advisors
Andrew Levine
Invictus Property Advisors
View this property on the company's website
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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: 29499TH