$2,500,000
Updated 4 years ago
Off Market

31 West 138th Street

Harlem, Manhattan | Fifth Ave & Lenox Ave

4,696 Square FeetMixed Use

$2,500,000
floors2
Lot Size25'x100'
ZoneR7-2
Building TypeLow-Rise
RE Taxes$25,118
Price Per SF
$532

Building Amenities

  • Voice Intercom
  • Garage
  • Roof Deck

Property Description for 31 West 138th Street

31 West 138th street presents an incredible opportunity to build out the existing building or build a new building of either residential or community facility use. The site is approximately 25 feet wide and 100 feet deep for a total lot size of approximately 2,500 square feet. Currently the building is 3 Levels with approximately 2298 sqft. per floor with a curb cut and basement with near 1972 sqft. and approximately 12 ft. ceilings. The proposed residential building maximizes the residential floor area allowed under the zoning regulation and also introduces a rentable ground level community facility space. The proposal shows floors 2 through 6 to be either two One Bedroom apartments or one large 2 Bedroom apartment with direct access from the elevator into the apartments. The study also shows an additional apartment on the 7th floor and offer a shared roof terrace, which provides the amenity space for the owners. There are also two options shown for the ground floor use. The community facility space option is reflected in the floor area chart. If the garage option is preferred, the zoning floor area will need to be recalculated. Please consult your own architect, contractors, and department of building to confirm any feasibility in size and use. But the proportions offer tremendous potential!

Listing History for 31 West 138th Street

Now
08/29/2022
POM by Christopher Scianni
Coleman Real Estate Group
08/09/2022
$2,500,000
Initial Price by Christopher Scianni
Coleman Real Estate Group

Building Details for 31 West 138th Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors2
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.2 miles
145 St
0.36 miles

Citi Bike

5 Ave & W 139 St
0.07 miles
E 138 St & 5 Ave
0.08 miles

Contact Agent

Contact Agent

Licensed As
Christopher Scianni
Salesperson
License#:
10401217040
Company:
Coleman Real Estate Group
Christopher Scianni
Coleman Real Estate Group

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: 86046TH