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 ...


Property

Website:https://www.nestseekers.com/5554937
Address:
621 West 138th Street
New York, NY 10031
Cross street:Broadway
Type:Townhouse
Era:Post-war
Floors:4
Ownership: income-property
Rooms: 8
Bedrooms: Studio

Financials

Price:$2,000,000
Real estate tax:$7,296

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

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Compass

621 West 138th Street New York NY 10031 USA