621 West 138th Street
New York, NY 10031
Cross street:Broadway

Building

Type:Townhouse
Era:Post-war
Floors:4

Property

Ownership: income-property
Rooms: 8
Bedrooms: Studio

Financials

Price:$2,000,000
Real estate tax:$7,296
505 Park Ave, New York, NY 10022
Listing Courtesy of Compass

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 ...

Description

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.

Amenities

  • Basement
  • Voice Intercom

Neighborhood

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.