Updated 3 days ago
In contract
Harlem, Manhattan | Fifth Ave & Lenox Ave
4 Rooms1 Bed1 Bath808 Square FeetMulti-Family

$2,250,000
floors / apts4 / 3
Lot Size18'x99'
Built Size43' deep
ZoneR7-2
Building TypeTownhouse
RE Taxes$5,865
Price Per SF
$2,785

Listing Features

  • Gas Heat
  • Window AC Units

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Alarm System
  • Garden
  • Laundry Room
  • Storage

Property Description

Three-Family Townhouse For Sale!
Welcome home to this amazing investment opportunity. This classic townhouse is located on a quiet and picturesque tree-lined street. This well-maintained home is 18.75 x 43 and has approximately 3,224 square feet of space, not including a well-maintained cellar. The building is sitting on a 18.75 x 99 lot. The building has three free-market apartments with nice tenants, with all leases ending in the summer 2022, so it can be delivered vacant if so desired.

Apartment one is a grand duplex in which the main living area is on the parlor level. It features oversized windows, soaring ceilings, and exposed brick and its spacious layout has plenty of room for entertaining and dining. Adjacent to the living room is the large kitchen, which has ample storage space, and stainless steel appliances, including a dishwasher. This level also has a small bedroom or home office and a half bathroom. The garden level of apartment 1 features an oversized front facing bedroom with access to the lower front entrance as well as great closet space. The third bedroom is also generously sized and is south facing onto the garden. Between the two bedrooms is a large full bathroom as well as a washer / dryer utility closet. Apartment 1 also boasts a large, private backyard, ready for the next resident with a green thumb to make it their own.

Apartment two is a spacious floor-through one bedroom with northern and southern exposures. It features an ample living and dining room and its kitchen has a stainless steel fridge, full sized stove, and nice cabinet space. The bathroom down the hall has a full sized soaking tub and the massive bedroom has sun-filled southern exposure overlooking the back garden.

Apartment three is the same footprint as apartment two, but has been converted to a two bedroom in the southern wing of the home. This top floor unit has the same living room and kitchen layout as well as a nice bathroom with updated vanity. It also boasts a stackable washer and dryer as well as two bedrooms that face south looking at the garden in the back.
This is an amazing opportunity for an investor or owner/investor to have their own piece of bustling Harlem. This home is around the corner from local favorites like Red Rooster and Sylvia's as well as easy access to the 2/3 express subway and the fantastic Whole Foods Market!

CURRENT ANNUAL RENT ROLL:
APT 1- $53,640.00
APT 2- $26,340.00
APT 3- $34,800
TOTAL: $114,780.00
NOI ~$93,522.96

Video Walkthrough

Listing History

Now
05/05/2022
Contract Signed by Laura Cook
Keller Williams NYC
03/23/2022
$2,250,000
Initial Price by Laura Cook
Keller Williams NYC

Building Details

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1909
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.13 miles
125 St
0.41 miles
135 St
0.43 miles

Railroad

Harlem-125 StMetro-North Railroad
0.31 miles

Citi Bike

Lenox Ave & W 126 St
0.11 miles
5 Ave & W 126 St
0.11 miles

Contact Agent

Contact Agent

Laura Cook
Keller Williams NYC
9
62
0

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: 35338TH