255 W 136th Street #TH, Manhattan, NY 10030
Local realty services provided by:CENTURY 21 Awaye Realty
255 W 136th Street #TH,Manhattan, NY 10030
$2,895,000
- 6 Beds
- 8 Baths
- 3,200 sq. ft.
- Multi-family
- Active
Listed by: chandra s golan, sandy abbas
Office: serhant
MLS#:RLS20082131
Source:NY_REBNY
Price summary
- Price:$2,895,000
- Price per sq. ft.:$904.69
About this home
<p> 8-Unit Free-Market Brownstone Immediate Upside 6.37% In-Place 8.02% Pro Forma Strivers' Row, Harlem</p> <p> Immediate NOI upside within 60-90 days through near-term lease rollover.</p> <p> 255 West 136th Street presents a rare opportunity to acquire a fully renovated, turn-key 8-unit free-market multifamily asset in the heart of Central Harlem's historic Strivers' Row.</p> <p> This four-story 1910 brownstone combines classic architectural charm with modern upgrades, offering immediate income with strong upside. The property is currently generating a 6.37% in-place cap rate, with a clear path to an 8.02% pro forma cap rate through near-term lease rollover and market alignment.</p> <p> The building features a well-balanced mix of studio and one-bedroom residences, all thoughtfully updated with:</p> <p> Hardwood flooring and high ceilings</p> <p> Renovated kitchens with stainless steel appliances</p> <p> Modern bathrooms</p> <p> Central heating and cooling</p> <p> On-site laundry for additional tenant convenience</p> <p>This Brownstone townhouse is 100% free-market and benefits from low operating expenses, making it an ideal long-term hold or yield-driven investment.</p> <p> With leases expiring in the coming months, an investor can begin increasing rents almost immediately, accelerating NOI growth and achieving pro forma performance within a short timeframe.</p> <p> Located on a quiet, tree-lined block within the Strivers' Row Historic District, the property is surrounded by strong rental demand and is moments from major transportation, parks, dining, and cultural institutions-ensuring continued tenant appeal and long-term value growth.</p> <p> Investment Highlights:</p> <p> 8 Free-Market Units (No Rent Stabilization)</p> <p> 6.37% Current Cap Rate</p> <p> 8.02% Pro Forma Cap Rate</p> <p> Immediate Mark-to-Market Opportunity</p> <p> Turnkey, Renovated Asset</p> <p> Strong In-Place Income with Near-Term Upside</p> <p> Prime Central Harlem Location</p> <p> Why This Deal Stands Out:</p> <p> Opportunities to acquire fully free-market, renovated brownstones in Manhattan at a 6.4% current yield with a clear path to 8%+ are extremely limited-especially with this level of near-term control over income growth.</p> <p> A rare chance to secure a cash-flowing asset with immediate yield and strong forced appreciation potential.</p> <p> Viewings by appointment only. Full financials and offering memorandum available upon request.</p>...
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Home facts
- Year built:1910
- Listing ID #:RLS20082131
- Added:72 day(s) ago
- Updated:June 19, 2026 at 10:23 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:8
- Full bathrooms:8
- Rooms Total:20
- Basement:Yes
- Living area:3,200 sq. ft.
Structure and exterior
- Year built:1910
- Building area:3,200 sq. ft.
Finances and disclosures
- Price:$2,895,000
- Price per sq. ft.:$904.69
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