309 West 138th Street

Motivated Seller Deal Fell Through 5 units- (Not an SRO) Requires commercial loan (5 Family) Back on the Market! Welcome to 309 West 138th Street, an exceptional investment opportunity nestled in the heart of Harlem, Manhattan's vibrant and culturally rich neighborhood. This historic 1889 townhouse is a true gem, boasting a prime location just moments away from the iconic Strivers' Row. Immerse yourself in the charm of this beautiful tree-lined block, where this meticulously maintained townhouse stands tall. With five free-market units, this property presents an incredible chance to tap into the thriving rental market that Harlem has become renowned for. Step inside and be transported back in time as you discover the original details that have been thoughtfully preserved throughout the years. From the exquisite molding to the elegant hardwood floors, each unit exudes a timeless appeal that effortlessly blends the old with the new. Having been owned by the same family for over a century, 309 West 138th Street offers more than just a home; it offers a piece of Harlem's history. Embrace the opportunity to become a part of this storied neighborhood, where vibrant energy and cultural heritage seamlessly come together. Situated amidst Harlem's abundant parks and renowned restaurants, this townhouse allows you to experience the best of both worlds. Spend leisurely afternoons exploring the nearby green spaces, such as St. Nicholas Park or Marcus Garvey Park, or indulge in the vibrant culinary scene that Harlem is famous for. Commuting is a breeze with convenient access to the B/C and 2/3 trains at 135th Street, ensuring easy connections to the rest of Manhattan and beyond. Whether you work in the city or simply desire to explore all that New York has to offer, this location is perfect for those seeking convenience and accessibility. Don't miss out on this extraordinary investment opportunity in Harlem, where history, culture, and potential converge. Discover the possibilities that await at 309 West 138th Street and secure your place in one of Manhattan's hottest rental markets. Close to City College, Columbia University, and major retailers, Wholefoods, Trader joes along 125th Street. This property is a legal 5-family building (not an SRO). The units were rented out a while ago and current rents are unfer market value! Unit 1: Studio/1 BA, at $1,700 month-to-month Unit 2: 1 BD/1 BA, at $1,760 Vacant Unit 3: Studio/1 BA, at $1,650 month-to-month Unit 4: Studio/1 BA, at $1,620 month-to-month Unit 5: 2 BD/1 BA, at $2,520 Vacant Lot: 17.5’ x 99.92’ Building: 17.5’ x 51’ FAR: as-built 1.56, max 3.44 Zoning: R7-2 Tax Class: 2A Rent Roll: $111,000 annual Expenses: $24,019 annual NOI: $86,891 309 West 138th Street is ideally situated among Harlem’s many parks and restaurants, with easy access to the B/C and 2/3 trains at 135th Street. Close to City College, Columbia University, and major retailers along 125th Street.