621 W 138th Street, Manhattan, NY 10031
Listing Courtesy of Compass
$2,000,000
Est. payment /mo
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8 Beds
8 Baths
2,535 SqFt
New

621 W 138th Street Manhattan, NY 10031

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London Foster New York

London Foster New York

+1(844) 566-3663

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,535 sqft

Price per Sqft $788

Subdivision Hamilton Heights

MLS Listing ID RLS20095567

Style Walk-Up

Bedrooms 8

Full Baths 8

HOA Y/N Yes

Year Built 1920

Annual Tax Amount $7,296

Property Sub-Type Multi Family

Property 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.

Location

State NY

County New York

Rooms

Basement Full

Interior

Interior Features Crown Molding

Furnishings Unfurnished

Fireplace No

Laundry See Remarks

Exterior

Exterior Feature Private Outdoor Space Over 60 Sqft

View Y/N No

Private Pool No

Building

Dwelling Type Multi Family,Townhouse

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Pets Allowed Pets Allowed

Tax ID 2087-0020

Ownership None

Monthly Total Fees $608

Pets Allowed Building Yes, Cats OK, Dogs OK

REBNY IDX
RLS Data display by New York (LondonFosterNY.com)

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London Foster New York

London Foster New York

+1(844) 566-3663

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621 W 138th Street