Updated 19 hours ago
Harlem, Manhattan | Frederick Douglass Blvd & Manhattan Ave
12 Rooms5 Beds5 Baths7,893 Square FeetMulti-Family

$6,500,000
floors / apts4 / 4
Lot Size25'x100'9"
Built Size25' wide
ZoneR7A
Building TypeLow-Rise
RE Taxes$16,406
Price Per SF
$824

Listing Features

  • Original Details

Outdoor space and views

  • City Views

Building Amenities

  • Voice Intercom
  • Laundry Room

Property Description

307 West 121st Street is being offered for sale for the first time in over 36 years. Rich in history, this building is an incredible residential conversion of a late 19th Century Firehouse. Currently the building serves as a 4-unit residential rental building with basement and roof, with four loft style, full-floor, free-market apartments.

Enriched with history, many of the pre-war and exquisite unique details have been preserved as well as the exterior yellow brick, limestone accents, terra cotta pink trims and original cast iron Fire House lettering above the entrance. Standing at almost 150 years old, the offering of 307 West 121st Street brings a special opportunity to own a part of New York City's history.

307 West 121st Street became the location of the New York Fire Patrol No. 5 in 1892 - the oldest paid fire service in the United States, and was the last insurance-funded fire salvage corps in the country when it was disbanded in 2006. Fire Patrol House No. 5 is one only a limited number of Firehouses in Manhattan, and makes for a truly one of kind income property or home.

While many of the prewar and exquisite original details remain; each of the four full-floor apartments measure modestly at approximately 1,850 square feet. The ceiling heights in each apartment range between 12-16+ feet and each apartment offers beautiful Southern and Northern exposures, abundant sunlight from the oversized dramatic windows and ample storage.Each apartment also comes with a private keyed storage room in the basement.

The buildings easily accessible basement offers the advantage of primarily usable square footage. Currently housing in-building laundry and electrical units, this space could easily be transformed into a gym or lounge. The equally accessible, pristine roof offers beautiful tree top city views to the south and airy views to the north.

As a residential rental building, 307 West 121st Street offers an easy transition for new ownership as a cash flow positive investment property. Alternatively, with the appropriate due diligence brought about by prospective purchasers and approvals through the New York City Department of Buildings, this building also has possible potential to be converted to a private residence, though many opportunities await. Current expenses and cash flow positive rent roll are available upon request.

Additional information: Building Dimensions: 25 x 100.92 , Total Square Footage of entire building: Approximately 7,893. Lot Square Footage: 2,523 Annual Taxes: $15,156. Each apartment is individually heated. Gas furnaces are in place on each floor. There is also a Full-Service Managing Agent who looks after all aspects of the Building and a Superintendent who makes weekly visits to the building for trash removal and upkeep.

307 West 121st Street is conveniently located on a quiet tree-lined street located one block from Morningside Park. It is a quick walk to the A/B/C/D trains at 125th Street. Additionally, it is surrounded by shops, restaurants, and nightlife. Please provide ample notice for all showing requests. Showings may be scheduled Monday-Friday between 10AM-6PM.

Current Configuration of 307 West 121st Street:

Apartment 1-First Floor:
2 bedrooms
1.5 bathrooms
Open kitchen
Small private outdoor area
12 foot ceilings
Excellent storage
Currently used as a live/work space

Apartment 2- 2nd Floor:
Beautiful open southern views from living room
13 foot + ceilings
2 interior offices that are used as interior bedrooms
1 Bathroom
Excellent storage
Open kitchen and dining area plus extra space for second living room or recreation area
Private 650+ SF terrace (North facing)

Apartment 3-3rd Floor:
Beautiful open southern views from living room
1 bathroom
13 foot + ceilings
Exposed brick loft level currently being used as a sleeping room

Apartment 4-4th Floor Penthouse:
Beautiful open southern views from expansive living room windows
Original hardwood floors
1 Bedroom on loft level
2 interior office spaces on main level
1 bathroom
16 foot + ceilings in living room
Exposed brick original wooden beams originally used as drying racks for firehouse blankets
Additional loft level space as bonus recreation area
Open kitchen with dining area

Basement:
Includes building's mechanicals
Electric meters for each apartment
4 large-keyed storage units
1 bathroom

All Square Footage and Ceiling Heights are approximate.

Listing History

Now
04/28/2022
$6,500,000
Initial Price by Heather Swicicki
Douglas Elliman
Launch

Building Details

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1870
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.21 miles
125 St
0.23 miles
125 St
0.41 miles
116 St
0.44 miles

Citi Bike

St Nicholas Ave & Manhattan Ave
0.13 miles
Morningside Ave & W 123 St
0.18 miles

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: 85360TH