255 W 136TH Street #TH
MLS® #RLS20082131
Listing by Serhant
6
Bedrooms
8
Baths
3,200
Sq. Ft.
1910
Year Built
Quick Summary
Property Highlights
- Views: City Lights, City
- Style: WalkUp architecture
- Character: Pre-war building (1910)
Property Details
Description
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
Situated on a 1,600 SF lot with approximately 3,200 SF of interior space, the asset 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.
Features & Amenities
Interior Features
Exterior Features
Building Information
About Central Harlem
View All Central Harlem ListingsCentral Harlem is the cultural and historic soul of Upper Manhattan. Known for its grand boulevards like Adam Clayton Powell Jr. Blvd and its rich jazz heritage, the neighborhood offers an active urban lifestyle. The real estate market is a mix of beautifully preserved 19th-century brownstones, value-driven HDFC cooperatives, and a surge of modern luxury condominiums that offer contemporary amenities near the 125th Street retail corridor.
Central Harlem Live Market Data
View NeighborhoodActive Listings
98
Median Asking Price
$807K
Median $/Sqft
$784
Avg Days on Market
N/A
New This Week
6
Price Reduced
40%
Sold (30 Days)
9
Median Sale Price
$673K
Live data from RLS at REBNY • Updated 4/7/26, 9:15 PM EST
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Location
255 W 136TH Street #TH, Central Harlem, New York County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
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Listing Courtesy of Serhant - Chandra S Golan
Listing Contact: (646) 480-7665
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RLS Data display by Keller Williams NYC. Data last updated on 4/8/2026 at 1:15 AM UTC