New To the Market Investment Multi-Family New to the market! Investment opportunity in the heart of Harlem, just a stone's throw from Strivers' Row. Located on a beautiful, tree-lined block, this 1889 townhouse features five free-market units with original details preserved throughout. Owned by the same family for over 100 years, 309 West 138th Street now offers an opportunity to own a piece of Harlem, one of Manhattan's hottest rental markets. 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. This property is a legal 5-family building (not an SRO). Unit 1: Studio/1 BA Unit 2: 1 BD/1 BA Unit 3: Studio/1 BA Unit 4: Studio/1 BA Unit 5: 2 BD/1 BA 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: $110,880 annual Expenses: $23,619 annual NOI: $87,261 annual Cap Rate: 4.0%
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