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32202537
32202541

140 W 132nd Street, New York, NY 10027

DW
NY NY 10301213424, PA PA ABR003232
Compass
Listed by Compass
$2,600,000
65 days on market
Updated 9 days ago

140 W 132nd Street

Details
Property Type Multifamily
Square Footage 3,780
Units 3
Cap Rate 2.84%
NOI $74,361
Tenancy Multi
Pro-Forma Cap Rate 4.26%
Pro-Forma NOI $113,361
Year Built 2001
Lot Size (SqFt) 1,799
Zoning R7-2
Investment Type Owner/User

Harlem | Multifamily

Marketing description

Positioned in the Historic District of Central Harlem

140 W 132nd is a well-maintained, 18-foot-wide, 3,708 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 (Duplex): This renovated unit occupies the property's garden and parlor levels. The spacious, bright apartment features 3 large bedrooms that can comfortably fit king and queen-sized beds, two full bathrooms, in-unit laundry, and well-crafted hardwood floors. There's also access to the rear yard and the basement. The open kitchen includes stainless steel appliances with an open archway to the living room.

Unit #2 features a large one-bedroom with ample closet space and natural light.

Unit #3 is the top-floor apartment with the same layout as Unit #2. This apartment has been meticulously renovated, featuring stainless-steel packaged appliances, white cabinetry, a tiled bathroom, and refinished hardwood.

This property is an excellent opportunity for an investor to take over a building with minimal hassle and recent upgrades, including a water tank and sump pump, a serviced roof, new Andersoenn windows, new appliances installed within the last 3 years, and a repaired staircase.

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 property is prime Harlem, with immediate access to culture, 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.

Tenant occupied.

Investment highlights

  • All windows have been upgraded to high-performance Andersen Corporation windows
  • Major capital improvement already completed, minimizing near-term replacement concerns
  • Updated appliances
  • Modernized interiors
  • Annual comprehensive Maintenance service performed
  • Water tank replaced
  • Sump pump replaced
  • Original roof structure. Layered and re-tarred in 2010 to extend lifespan and improve weather protection. Most recent repainting completed in Summer 2025
  • All free-market units with room for upside

Listing Contacts

DW
NY NY 10301213424, PA PA ABR003232
Compass
Listed by Compass

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,361.00
$6,196.75/mo

Valuation Metrics

0
DSCR
2.86%
Cap Rate
2.86%
ROI

Map

Zoning

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R7-2 ResidentialTwo FamilyGeneral Residence
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Property History

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Additional Information

Name
Darrell Williams
License
NY 10301213424
Brokerage Address
110 5th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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