NOTE: Principals only. Buyers Broker must be paid by Buyer pursuant to a separate contract between Buyer and Buyers Broker. The Harlem Properties Team at Compass is proud present our newest townhouse listing at 359 West 117th Street, located between Manhattan Avenue and Morningside Park. This undervalued building represents investors and homeowners significant upside, depending on which strategy you want to take. The building is currently configured as a 10-room SRO with a 10-unit Certificate of Occupancy. The parlor floor consists entirely of one floor-through market-rate Class A apartment. Between Manhattan and Morningside Avenues, 359 West 117th Street is centered on a tree-lined, park block, just a short distance to Morningside Park. Central Park is seven blocks to the south. Columbia University campus is directly across Morningside Park. The building contains classic pre-war details, exposed brick, high ceilings, big windows, decorative fireplaces, and detailed wood trim throughout the living rooms, wood floors, new bathroom and kitchen renovations.
The shops, restaurants, stores and banks around the booming 116th Street corridor and the B/C subway entrance are all just two blocks away.
The FAR on this lot is 4, and the building is currently built to 1.78 FAR which means the new owner may have about 6,728 of total buildable SF if they are considering a condo conversion, or a larger single-family or two-family home.
Layout is as follows:
Cellar: Open storage and building mechanicals,
Ground Floor: Two (2) SRO rooms,
2nd Floor: One (1) Class-A apartment,
3rd Floor: Two (2) SRO rooms,
4th Floor: Four (4) SRO rooms,
Other property information:
Lot Size: 17 × 100
Building size: 17 × 49
Real Estate Tax: $2,318 per year
FAR as built: 1.78
Allowed usable floor area: 6,728
Usable floor area as built: 3,332
Unused FAR: 3,396
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice.