131 West 118th Street

Townhouse located in Harlem, between Lenox Avenue & Adam Clayton Powell Jr Boulevard

$1,100,000 ($232 per ft²) | 4 beds, 4.5 baths | Approx. 4,740 ft²

16 days on Market

Townhouse Facts

Year Built: 1910

Minimum Down: 20%

Total Floors: 3

Listed: Nov 7, 2024

Days on Market: 16

Building Type: Townhouse

Neighborhood: Harlem (Manhattan)

Listing viewed 207 times

Monthly Real Estate Taxes: $586

Total Taxes & Fees: $586 ($0.12/ft²)

Est. Monthly Mortgage: $5,872

Total Est. Monthly Carrying Cost: $6,458 ($1.36/ft²)

Note: the above is based on a down payment of 20% ($220,000), which is the minimum amount permitted by the building.

Description

The property at West 118th Street offers a golden opportunity for buyers seeking a unique and historic home in one of Harlem’s most desirable neighborhoods. Situated in the heart of Central Harlem, this Renaissance Revival townhouse, designed by renowned architect Alfred H. Taylor and developed by James E. Crawford in 1899, exudes charm and character. With over 4,700 square feet of living space spread across four floors, the 20-foot-wide and 52-foot-deep layout provides ample room for comfortable living and entertaining.

The three-floor additional extension further enhances the property’s appeal, offering flexibility for various uses. Located on one of Harlem’s most sought-after blocks, the townhouse is surrounded by numerous other beautifully restored homes and benefits from the neighborhood’s vibrant atmosphere. Residents will enjoy easy access to major landmarks such as Morningside Park, Central Park, Columbia University, Whole Foods, Trader Joe’s, and Harlem’s renowned Restaurant Row. The area’s excellent transportation links make commuting to other parts of New York City convenient and hassle-free. It is important to note that the building is currently an SRO with two occupied units on the 3rd floor of the property, several open violations, and a vacate order.

This presents both challenges and opportunities for the discerning buyer. The property is being delivered as-is with no contingencies, offering the chance to restore and customize this historic gem to your exact specifications. Despite these challenges, the property’s historic significance and prime location ensure that there is tremendous upside for the buyer and that it will remain a valuable asset in the years to come.

Whether you are looking to create a luxurious single-family home or a distinctive multi-family residence, West 118th Street offers an exceptional chance to own a piece of Harlem’s rich history and vibrant future.