Buy with Yoreevo
$2,844,337
List Price: $2,895,000
Share Listing
Save Listing
255 West 136th Street
Townhouse in Central Harlem •  building info
6bd • 8ba • 3,200ft² $905 per ft²
Buy with Yoreevo

$2,844,337

List Price

$2,895,000

Key Details
Days on market
loading...
Last price change
loading...
Estimated payment
$16,703/mo
Taxes
$1,082/mo
Maintenance
N/A
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 transportation, 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.

Hide full description

Home features
View

City

Building info

History
What it'll cost
Purchase price
$2,895,000
Asking Price: $2,895,000
Term
30 Years
Down Payment
$289,000 (10%)
Min: 10% (289,000)
Rate
6.0 %
Mortgage Amount
$2,605,500
Mortgage Payment
$15,621
Taxes
$1,082
Estimated Yoreevo rebate
$50,663
Estimated closing cost
$105,000
Total monthly cost $16,703
Buy your dream home with us and get an estimated $50,663 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Serhant

IDX information is provided exclusively for consumers' personal, noncommercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 REBNY listing service, Inc all rights reserved.

RLS IDX Data display by Yoreevo.