140 W 132nd is a well-maintained, 18-foot-wide, 3,780 sq ft multi-family consisting of three large free-market residential units: two (1) bedroom units and a three-bedroom duplex, offering great flexibility for investors or end-users.
Unit #1: Garden & Parlor Duplex (3BR/2BA)
- 3 large bedrooms (can fit king & queen-sized beds)
- 2 full bathrooms
- In-unit laundry
- Refinished hardwood floors
- Open kitchen with stainless steel appliances
- Private rear yard and basement access
Unit #2: One-Bedroom
- Spacious bedroom with abundant closet space
- Large windows with generous natural light
Unit #3: One-Bedroom
- Renovated unit
- Refinished hardwood floors
Property Highlights:
- New Andersen double-pane windows throughout (dramatically reduced outside noise)
- Units #1 and #3 renovated within the last 3 years; appliances updated in Unit #2
- Brand new sump pump and 100-gallon water tank
- Annual boiler service and Maintenance
- Roof re-tarred in 2010, repainted recently, on a regular 7-year Maintenance cycle
- Video intercom in all units and security cameras throughout
- Upside in rental income.
- Landmarked Property
There's a wide range of investment upside: the potential to increase rents, convert the property into a large single-family residence, occupy it as an end user, or convert it into luxury condominiums, given the footprint and potential FAR.
The location of this building is prime Harlem, with immediate access to retail, community, and the neighborhood's history. In the area, you'll have access to tons of cafes, restaurants, and transportation, including the 2/3 subway lines, as well as Harlem's vibrant culinary scene. Enjoy destinations like Red Rooster, Renaissance Harlem, Ponty Bistro, Maison Harlem, and Lido, each reflecting the spirit of Harlem's creative renaissance.
