Harlem brownstone deals are going, going…
Get one while you can!
They don’t make brownstone townhouses like this in NYC anymore. The bones, envelope and old world details in this handsome 16′ x 49′, 4-story plus cellar and private garden home on a 100′ lot are excellent! West 136 Street is a quiet, tree-lined, owner-occupied block in the heart of Central Harlem.
Design your dream 4-5 bedroom, 3,136 sf single family home with a full 800 sf garden, or an owner unit plus income. After adding in the renovation costs, compare this to what comparable money would buy on the Upper West Side — a 1,500 sf, 3 bedroom/2 bath co-op with a monthly maintenance of $2,635. And this is without a garden!
Or, create a strong income stream with hot, in-demand studio rentals, that, when renovated for the current market, can yield a 5-6% cap rate. And with a 3.44 FAR and a maximum buildable sf of 5,501, you can even consider adding a floor or an extension!
Currently, the configuration is an SRO with four studios and an owner’s duplex with cellar storage and garden. The Certificate of No Harassment was received from HPD in December, 2015 and is good for 3 years. The building will be delivered vacant at closing.
Down the block from the Schomburg Center and Harlem Hospital, down the hill from City College, and 20 minutes to Midtown on the nearby 2/3/B/C subways, this townhouse and its central location are hard to beat — and will soon be hard to get!
Call/text or email Ruthann at 917.902.2641 for an appointment to view and discuss.
