Turnkey 4-Unit Investment Property in Harlem | Fully Renovated | Strong Cash Flow | Free Market
Exceptional opportunity to acquire a fully leased, free-market four-family building in the heart of Harlem. Originally a single-family home, the property underwent a complete gut renovation and was rebuilt in 2020 to meet modern four-family specifications. Every major component was newly constructed, creating a low-maintenance, turnkey asset designed for long-term performance.
This income-producing property generates $13,882 per month in gross rental income and delivers an impressive net operating income of approximately $8,487 per month after expenses. All four apartments have been tastefully renovated and are occupied by well-qualified tenants with a strong history of on-time payments, providing immediate and reliable cash flow from day one.
Investment Highlights
Fully free-market 4-unit building
Complete redevelopment completed in 2020
Gross Monthly Rent: $13,882
Net Monthly Income: Approximately $8,487
Fully occupied with qualified, dependable tenants
Modern renovations throughout
Low-maintenance investment with strong in-place income
Unit Breakdown
First Floor Duplex
Spacious duplex residence
Exclusive use of the finished basement
Private backyard access
Second Floor
2 Bedrooms
1 Bathroom
Private balcony
Third Floor
2 Bedrooms
1 Bathroom
Fourth Floor
1 Bedroom
1 Bathroom
Expansive private balcony with generous outdoor space
Whether you're completing a 1031 exchange, expanding your multifamily portfolio, or seeking a stable, cash-flowing asset in one of Manhattan's most desirable rental markets, this property offers the ideal combination of strong in-place income, modern construction, and long-term appreciation potential.
Properties of this caliber—fully renovated, fully leased, free-market, and producing immediate positive cash flow—rarely become available. This is a true turnkey investment with nothing left to do but collect the rent.
For sale
$1,799,999
286 W 137th Street, New York (Manhattan), NY 10030
7beds
4,247sqft
Quadruplex, Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$424/sqft
$-- HOA
What's special
Private backyard accessSpacious duplex residenceModern renovations throughout
- 35 days
- 852
- 57
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Park Assets Real Estate Corp 718-684-8000,
Ragib Bhuiya 347-549-5890
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1034655
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Heating
- ENERGY STAR Qualified Equipment, Natural Gas, Separate Meters
Cooling
- Central Air, ENERGY STAR Qualified Equipment, Separate Meters
Appliances
- Laundry: Washer/Dryer Hookup, Electric Dryer Hookup, In Unit, Inside, Multiple Locations
Features
- First Floor Bedroom, First Floor Full Bath, Granite Counters, High Speed Internet, Open Floorplan, Primary Bathroom, Master Downstairs, Recessed Lighting, Storage
- Flooring: Hardwood, Wood
- Basement: Finished,Full,Storage Space,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 4,247
- Total interior livable area: 4,247 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Patio
Lot
- Size: 1,549 Square Feet
Details
- Parcel number: 19420057
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Brownstone, Energy Star
- Foundation: Pillar/Post/Pier, Other
Condition
- Year built: 1910
Utilities & green energy
- Gas: Separate Gas Meters: 5
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Underground Utilities, Water Connected
Community & HOA
Location
- Region: New York
Financial & listing details
- Price per square foot: $424/sqft
- Tax assessed value: $374,400
- Annual tax amount: $40,387
- Date on market: 8/4/2026
- Cumulative days on market: 36 days
- Listing agreement: Exclusive Right To Sell
- Tenant pays: None
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Listed for sale | $1,799,999+1.4%$424/sqft |
Source: | ||
| 10/4/2022 | Sold | $1,775,000-6.6%$418/sqft |
Source: Public Record Report a problem | ||
| 11/11/2015 | Listing removed | $1,899,999$447/sqft |
Source: M&L Real Property Consultants LLC Report a problem | ||
| 10/28/2015 | Price change | $1,899,999-5%$447/sqft |
Source: M&L Real Property Consultants LLC Report a problem | ||
| 10/7/2015 | Price change | $1,999,999+0%$471/sqft |
Source: M&L Real Property Consultants LLC Report a problem | ||
| 9/30/2015 | Listed for sale | $1,999,000+47.6%$471/sqft |
Source: Perry Associates Report a problem | ||
| 10/15/2014 | Sold | $1,354,779+201.1%$319/sqft |
Source: Public Record Report a problem | ||
| 7/16/2003 | Sold | $450,000+1340%$106/sqft |
Source: Public Record Report a problem | ||
| 12/10/1997 | Sold | $31,250$7/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $47,938 +3.2% | $323,100 -15.4% |
| 2024 | $46,459 +10.1% | $382,050 +9.4% |
| 2023 | $42,209 | $349,200 +8.4% |
| 2022 | -- | $322,200 -15% |
| 2021 | -- | $378,900 -20% |
| 2020 | -- | $473,850 +10.5% |
| 2019 | $40,537 -6.2% | $428,652 +13% |
| 2018 | $43,238 +47% | $379,350 +33% |
| 2017 | $29,419 +6.4% | $285,300 +14.6% |
| 2016 | $27,642 | $248,850 +17.4% |
| 2015 | $27,642 +53.2% | $211,950 +6.1% |
| 2014 | $18,043 | $199,800 -5.1% |
| 2013 | -- | $210,600 +4.5% |
| 2012 | -- | $201,600 +2.1% |
| 2011 | -- | $197,550 +7.1% |
| 2010 | -- | $184,500 -3.5% |
| 2009 | -- | $191,250 +45.5% |
| 2008 | -- | $131,400 -1.4% |
| 2007 | -- | $133,200 +65.4% |
| 2006 | -- | $80,550 +17% |
| 2005 | -- | $68,850 +103.5% |
| 2004 | -- | $33,840 +35.5% |
| 2003 | -- | $24,975 +11% |
| 2002 | -- | $22,500 |
| 2001 | -- | $22,500 +13.6% |
| 2000 | -- | $19,800 |
Find assessor info on the county website








