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116 West 133rd Street

$3,500,000 ($729 per ft2) | 7 beds, 6+ baths | Approx. 4,800 ft2
Building Profile  | 
115 days on Market

Key Details

  • Listed: Jul 13, 2024
    Days on Market: 115
    Building Type: Rental
    Neighborhood: Harlem (Manhattan)
Est. Monthly Mortgage: $18,553
Total Est. Monthly Carrying Cost: $18,553 ($3.87/ft2)
Note: the above is based on a down payment of 20% ($700,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and Layout: This property is located in the vibrant Central Harlem neighborhood and boasts a unique Garden Level Duplex layout with a spacious backyard. The property is divided into one garden level duplex and two expansive floor-through units across three floors.
  • Classic Charm Meets Modern Comfort: This historic building, built in 1910, offers the perfect blend of classic charm and modern comforts. All units are meticulously maintained and currently fully occupied.
  • Strong Income Potential: The property generates $12,800/month with expenses less than $800/month, offering strong income potential with a 4% cap rate. This is a no fee rental property.
  • Low Expenses: Included in the property is a super maintaining the house and insurance cost. The area also benefits from ultra-low real estate property tax.
  • Flexible Occupancy: The property can be either owner-occupied or rented, providing flexibility for potential buyers.
  • Property Details: This historic building contains 3 apartments and offers a unique opportunity for investment in the vibrant Central Harlem neighborhood.

Description

Showing by appointments.

Located in the heart of vibrant Central Harlem, this townhouse offers a unique Garden Level Duplex layout with a spacious backyard, perfectly blending classic charm with modern comforts. The property is divided into one garden level duplex that can be either owner-occupied or rented, two expansive floor-through units that are meticulously maintained. All units are free market.

The units are currently fully occupied, generating 12800/month.

Expenses is less than 800/month including a super maintaining the house and insurance cost. With the ultra-low real estate property tax in the area, you are looking at a property with very strong income potential, boasting 4% cap rate.

Disclosure: agent has ownership interest.

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Listing courtesy of Mont Sky Real Estate LLC

Pricing History

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About 116 West 133rd Street

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Subways

  1. 2
  2. 3
at Lenox Ave 0.14 miles
  1. B
  2. C
at Saint Nicholas Ave and 137th 0.42 miles

Other Apartments Available in this Building (0)

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