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About This Home

This 6-bedroom, 8-bathroom multi-family at 255 W 136TH Street in New York (Manhattan), NY is listed for $2,895,000 ($905 per sqft). Built in 1910, the home offers 3,200 sqft of living space on a N/A lot.

Agent Description

8-Unit Free-Market Brownstone Immediate Upside 6.37% In-Place 8.02% Pro Forma Strivers' Row, Harlem Immediate NOI upside within 60-90 days through near-term lease rollover. 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.

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.

The building features a well-balanced mix of studio and one-bedroom residences, all thoughtfully updated with: Hardwood flooring and high ceilings Renovated kitchens with stainless steel appliances Modern bathrooms Central heating and cooling On-site laundry for additional tenant convenience This Brownstone townhouse is 100% free-market and benefits from low operating expenses, making it an ideal long-term hold or yield-driven investment.

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. 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 tran

sportation, parks, dining, and cultural institutions-ensuring continued tenant appeal and long-term value growth. Investment Highlights: 8 Free-Market Units (No Rent Stabilization) 6.37% Current Cap Rate 8.02% Pro Forma Cap Rate Immediate Mark-to-Market Opportunity Turnkey, Renovated Asset Strong In-Place Income with Near-Term Upside Prime Central

Harlem Location Why This Deal Stands Out: 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. A rare chance to secure a cash-flowing asset with immediate yield and strong forced appreciation potential. Viewings by appointment only. Full financials and offering memorandum available upon request.

Key Features

  • Built in 1910
  • 4 stories

Property Details

4 stories
8 full
#Th
1910

Amenities

View

Monthly Cost Estimate

$15,483/mo

20% down · 6.5% · 30 years

Principal$2,094
Interest$12,545
Insurance$844

Estimates only. Actual payments may vary.

Location

255 W 136TH Street

New York (Manhattan), NY 10030

Central Harlem

Property Details

Views

City

Questions & Answers

This 6-bedroom, 8-bathroom multi-family at 255 W 136TH Street is listed at $2,895,000 ($905/sqft). The estimated monthly payment is $12,545 based on 20% down at 6.5% interest.

Key features include: Built in 1910, 4 stories.

This property is listed by Ryan Serhant and can be reached at 6464807665 or licenses@serhant.com.

RS

Ryan Serhant

Agent at Serhant LLC

(646) 480-7665

Listed by Serhant LLC · View on Broker Site

MLS# 982047· Source: listhub· Updated 55 days ago

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255 W 136TH Street, New York (Manhattan), NY 10030

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