www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.

255 W 136TH Street TH, New York City, NY 10030

SG
NY10301215946
SERHANT
SERHANT.
Listed by SERHANT, SERHANT.
$2,895,000
6 days on market
Updated 3 days ago

255 W 136Th Street Th

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,200
Units 8
Cap Rate 6.37%
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.02%
Year Built 1910
Stories 4
Investment Type Value Add

255 W 136TH Street TH, New York City, NY 10030

Marketing description

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.

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.

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.

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

Listing Contacts

SG
NY10301215946
SERHANT
SERHANT.
Listed by SERHANT, SERHANT.

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
R7-2 ResidentialTwo FamilyGeneral Residence
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 91 uses
View all 91 uses
For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591