Representing an outstanding rental investment opportunity on Strivers’ Row, 213 West 139th Street is a beautiful Italian Renaissance brown brick seven family townhouse built by McKim, Mead and White in 1891, with a garage. Situated in the St. Nicholas Historic District on one of the most desirable blocks in Upper Manhattan, the property is in excellent condition, with low real estate taxes and very healthy net operating income and capitalization rate. It forms part of one of the most famous townhouse rows in Harlem, and combines elegance with an excellent cash on cash return.
At 19 feet wide and 52 feet deep, 213 West 139th Street provides approximately 3,952 square feet of space plus the 235 square foot garage for 4,187 square feet total, a yard accessible by all units, and a clean, dry cellar with 8.5-foot head height. The seven apartments, all rent-stabilized, consist of three one-bedroom units, three studios, and a floor-through two-bedroom one-and-a-half-bathroom home. The exterior has the original Renaissance brown brick façade with decorative roundels, while the interior boasts period detail including original oak doors, wainscoting, Corinthian columns and fireplaces. All units have high ceilings, large windows supplying abundant natural light, open-plan kitchens with recently updated appliances, and tiled bathrooms. The property’s systems are up to date and well maintained, and all units have separate meters and are wired for cable and internet.
This lovely townhouse is just a short walk from the up-and-coming restaurant scene on Adam Clayton Powell and Frederick Douglass Boulevards, and close to shopping on 125th Street, with Whole Foods, Bed Bath and Beyond, and much more. It is also conveniently situated for transportation options including the B/C and 2/3 subway lines, and the M1, M2, M7 and M10 bus lines. For recreation, St. Nicholas Park is just a block away.
This stunning property is delivered with well-qualified tenants in six of the seven units, and Certificate of Occupancy and all paperwork provided. Please contact us today for your private showing – don’t miss this outstanding investment opportunity!
*This is a cash-only sale – please be prepared to provide proof of funds.
Listing Courtesy of Robert D Pair