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12 West 131st Street

Townhouse located in Harlem, between Fifth Avenue & Lenox Avenue

$1,490,000 ($249 per ft2) | 6+ beds | Approx. 5,986 ft2
59 days on Market

Townhouse Facts

  • Year Built: 1910
    Minimum Down: 20%
    Total Floors: 4
    Listed: Sep 19, 2024
    Last Price Change: ($210,000) on Oct 2
    Days on Market: 59
    Building Type: Townhouse
    Neighborhood: Harlem (Manhattan)
    Listing viewed 187 times
Monthly Real Estate Taxes: $10,223
Total Taxes & Fees: $10,223 ($1.71/ft2)
Est. Monthly Mortgage: $7,906
Total Est. Monthly Carrying Cost: $18,129 ($3.03/ft2)
Note: the above is based on a down payment of 20% ($298,000), which is the minimum amount permitted by the building.

Description

12 West 131st Street is a beautiful and historic townhouse located in the heart of Harlem. This 18-foot-wide townhouse sits on a gorgeous length of 131st street and has withstood the test of time. Built in 1910, the exquisite Neo-Grec architecture portrays the history of this incredible building.

Total allowed s.f: 5,986.

Each floor has immense potential. This building can be converted into a 1 Family home or a 5 family apartment building. There is approximately 1050 square feet on the Cellar floor through to the 5th Floor, and an additional 6th Floor with 493 square feet.

The proposed floorplans included tell a story of incredible possibilities. Whether you want to preserve and restore the natural beauty of the building or bring your own special touch to its facade, this townhouse is perfect for a fresh start. Uniquely, this property offers additional air rights, allowing for potential development in the rear and the addition of an extra penthouse floor.

As a shell, it’s the perfect opportunity for an individual to build their dream home in Manhattan, and create a space that displays their personality and taste. For investors, this townhouse can easily be converted into 5 Family rental units to offset expenses and generate income. This property is awaiting an opportunist who can bring it to life with their vision.

With the bustling 125th Street commercial corridor just around the block, this neighborhood offers an abundance of the best Harlem has to offer. Shopping, entertainment, and cultural experiences will be at your doorstep. Whether it’s exploring the outlets, enjoying performances at the Apollo Theater, or immersing yourself in local museums, there is an endless amount of activity and possibility for you or your potential tenants.

Convenient public transportation is a cornerstone of New York City, and 12 West 131st street is no exception. With the 2/3, 4/5/6, and A/C/B/D Trains all within a half mile of the front door, Harlem is yours to explore. Don’t miss this extraordinary opportunity to realize your vision in Harlem’s most desirable location!

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Building Amenities

  • Pre War
Listing courtesy of Peter Ashe
Off Market
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Pricing History

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Subways

  1. 2
  2. 3
at Lenox Ave 0.26 miles
  1. 4
  2. 5
  3. 6
at Lexington Ave 0.46 miles

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