286 W 137th Street,New York (Manhattan), NY 10030
New York (Manhattan), NY 10030
Description
Turnkey 4-Unit Investment Property in Harlem | Fully Renovated | Strong Cash Flow | Free Market Exceptional opportunity to acquire a fully leased, free-market four-family building in the heart of Harlem. Originally a single-family home, the property underwent a complete gut renovation and was rebuilt in 2020 to meet modern four-family specifications. Every major component was newly constructed, creating a low-maintenance, turnkey asset designed for long-term performance.This income-producing property generates $13,882 per month in gross rental income and delivers an impressive net operating income of approximately $8,487 per month after expenses. All four apartments have been tastefully renovated and are occupied by well-qualified tenants with a strong history of on-time payments, providing immediate and reliable cash flow from day one. Investment HighlightsFully free-market 4-unit buildingComplete redevelopment completed in 2020Gross Monthly Rent: $13,882Net Monthly Income: Approximately $8,487Fully occupied with qualified, dependable tenantsModern renovations throughoutLow-maintenance investment with strong in-place incomeUnit BreakdownFirst Floor DuplexSpacious duplex residenceExclusive use of the finished basementPrivate backyard accessSecond Floor2 Bedrooms1 BathroomPrivate balconyThird Floor2 Bedrooms1 BathroomFourth Floor1 Bedroom1 BathroomExpansive private balcony with generous outdoor spaceWhether you're completing a 1031 exchange, expanding your multifamily portfolio, or seeking a stable, cash-flowing asset in one of Manhattan's most desirable rental markets, this property offers the ideal combination of strong in-place income, modern construction, and long-term appreciation potential.Properties of this caliber-fully renovated, fully leased, free-market, and producing immediate positive cash flow-rarely become available. This is a true turnkey investment with nothing left to do but collect the rent.
Details
| MLS # | 1034655 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 86 |
| Listing Provided By | Park Assets Real Estate Corp | Ragib Bhuiya |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 4,247 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.04 |
Interior
| Cooling | Central Air, ENERGY STAR Qualified Equipment, Separate Meters |
|---|---|
| Heating | ENERGY STAR Qualified Equipment, Natural Gas, Separate Meters |
| Interior Features | First Floor Bedroom, First Floor Full Bath, Granite Counters, High Speed Internet, Open Floorplan, Primary Bathroom, Master Downstairs, Recessed Lighting, Storage, Washer/Dryer Hookup |
Exterior
| Construction Materials | Brownstone, Energy Star |
|---|---|
| Foundation Details | Pillar/Post/Pier, Other |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Underground Utilities, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 374400 |
| Tax Annual Amount | 40387.52 |
Area Information
| State | NY |
|---|---|
| County | New York (Manhattan) |
| City | New York (Manhattan) |
| Zip Code | 10030 |
| Listing VS Median (in 10030) | |
Price: $1,795,000 low | high Med: $542,450 sqft: 4,247 low | high Med: 853 $ / sqft: $423 low | high Med: $639 On site: 86 low | high Med: 221 | |
Market Activity 10030
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Learn More About This Property
| State | NY |
|---|---|
| County | New York (Manhattan) |
| City | New York (Manhattan) |
| Zip Code | 10030 |
| Listing VS Median (in 10030) | |
Price: $1,795,000 low | high Med: $542,450 sqft: 4,247 low | high Med: 853 $ / sqft: $423 low | high Med: $639 On site: 86 low | high Med: 221 | |
