Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Sells Brownstone In Harlem

01/04/2013

A brownstone at 246 West 137th Streetlocated between Adam Clayton Powell and Frederick Douglass Boulevards in West Harlem, was sold for $980,000.

This four-story building contains approximately 5,266 square feet and sits on a 18’ x 99.92’ lot. It is currently configured with five rental units and a non-profit space on the ground floor.  Long-term ownership has taken the necessary steps to maintain and upkeep the remarkable original details including wood moldings, original staircase, wooden banisters, and marble fireplaces. The sale price equates to approximately $186 per square foot. 

Located on a street renowned for being one of Harlem’s most quaint and beautiful tree-lined townhouse blocks, the property is located near West Harlem’s major retail arteries as well as Harlem Hospital Center and the City College of New York.  Public transportation is easily accessible via the B and C train stop at St. Nicholas Avenue and 135th Street and the 2 and 3 train stop at Lenox Avenue and 135th Street.

“We were ultimately able to find the perfect user to own and operate this fantastic live plus income opportunity.  This property was ideally setup for a new family looking to grow,” said Massey Knakal First Vice President of Sales Robert M. Shapiro, who exclusively handled this transaction with First Vice President of Sales Josh Lipton.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

01/03/2013 - 17:59

Source

Cushman & Wakefield Capital Markets Group New York

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