Positioned on a picturesque, tree-lined block between Broadway and Riverside Drive, 621 West 138th Street offers a premier opportunity to acquire a classic, well-maintained pre-war townhouse-style apartment building in the heart of Hamilton Heights. Built in 1920, this four-story asset comprises eight residential units, offering investors an immediate, stable income stream with substantial long-term upside in one of Upper Manhattan’s most resilient rental markets.
The property boasts an exceptional location catering to a built-in, high-quality tenant base of young professionals, graduate students, and faculty.
Higher Education & Healthcare: Anchored by the continuous expansion of Columbia University’s Manhattanville Campus, The City College of New York (CCNY), and NewYork-Presbyterian Hospital.
Transit & Parks: Steps from the 1 subway line at 137th St–City College, providing a seamless commute to Midtown. Residents also enjoy immediate proximity to the scenic waterfronts of Riverside Park and the recreational facilities at Riverbank State Park.
Investment Highlights
Asset Configuration: 8 residential units across 3 stories (efficiently laid out for maximum rental appeal).
Pre-War Architecture: Built in 1920, featuring classic New York townhouse charm and solid brick construction.
Turnkey with Upside: Stable current cash flow with a clear pathway to income optimization and value enhancement through modern renovations.
Prime Location: Situated on a highly desirable, quiet residential block with strong neighborhood character and high historical demand.
621 West 138th Street represents a rare opportunity to capture the enduring demand for quality rental housing in a culturally rich, supply-constrained Manhattan neighborhood.
Rent roll available on request. Agent shows with 24 hour notice.
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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