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Located on the most beautiful block in Central Harlem, this historic New York City landmark currently configured as an 11-unit rental building offers an outstanding opportunity for homeowners or investors.
The 20-foot-wide brick building features updated studio apartments with large windows, hardwood floors, original mantelpieces and kitchenettes with newer appliances. The 25-foot by 99.92-foot yard includes a spacious rear yard, plus a charming front garden joined by a small driveway for off-street parking. Delivered partially occupied. The 11 units currently generate $76,175.16 annually for a 3.4 percent cap rate. Other fully renovated Astor Row homes configured as small multifamily buildings with owner's units have fetched well over $2 million.
Built in 1882 on land owned by William B. Astor, 30 West 130th Street sits in a row of 28 remarkable landmarked homes known as Astor Row. Described as having the ambiance of "a quiet Southern town," these exceptional townhouses feature wide covered porches and front yards, in sharp contrast to the high-stoop brownstones typical of the day. The Astor Row houses were landmarked in 1981, and in the 1990s, Brooke Astor, the wife of William B. Astor's grandson, helped raise $3 million for the restoration of the buildings' exteriors.
Called "the block beautiful" in the 1928 novel "Home to Harlem," this stunning tree-lined street is surrounded by gorgeous architecture and lush parks on all sides, including Marcus Garvey Park, St. Nicholas Park and Harlem River Park. The renowned Harlem dining and nightlife scene fills the nearby blocks, and the great shops of 125th Street, including Whole Foods, are at your disposal. Head to the Eastside, Westside or Downtown with ease, thanks to 2/3, 4/5/6, A/C and B/D trains, excellent bus service and CitiBikes all within nearby.
Listing Courtesy of Compass..