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About the Listing 10325 - 67565,71436
8-Unit Free-Market Brownstone Immediate Upside 6.37% In-Place 8.02% Pro Forma Strivers' Row, Harlem
Immediate NOI upside within 60-90 days through near-term lease rollover.
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.
The building features a well-balanced mix of studio and one-bedroom residences, all thoughtfully updated with:
Hardwood flooring and high ceilings
Renovated kitchens with stainless steel appliances
Modern bathrooms
Central heating and cooling
On-site laundry for additional tenant convenience
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.
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
Why This Deal Stands Out:
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.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Dining Area,Building No,No,Pets Allowed
- Water:
Exterior Details
- Garage Capacity: N/A
- Zoning: R7-2
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 1942-0010
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
255 W 136th St Unit TH New York, NY 10030
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