309 W 138TH Street

CONTRACTS SIGNED!!!! Incredible 5 unit, 3 floor townhouse located in the Strivers Row Vicinity. This amazing home was built in 1889 and was restored to retain its impeccable 19th Century Charm. Situated on a tree-lined block this 17.5ft. wide gem offers over 2,700 square feet of living space. This home features 19th Century restored crown moldings, staircase and railings, fireplaces with original mantels, high ceilings, basement, cellar, skylight, storage cages and a beautiful garden. Currently set up as an income producing property with the following layout: TENANTS WILL REMAIN IN PLACE UNTIL LEASES EXPIRE Two studio units, two one bedroom units and one two bedroom unit. The two one-bedroom units leases expire April 30, 2017. The two studio units leases expire April 30, 2016. The two bedroom unit does not have a lease in place. Current rent roll is $7225 per month with rental potential to $11,700 Per Month - $140,200 Per Year Actual Rent Roll- $7,225 Per Month $86,700 Per Year Projected Rent Roll $11,700 Per Month $140,200 Per Year Current Estimated Annual Expenses:$25,759 Taxes- $4,334 Electric & Gas Heat- $6,167 Insurance- $2,111 Cleaning & Maintenance- $7,608 Water/Sewer- $1,633 Repairs- $1,838 Miscellaneous- $2,068 Building Specs:Lot sq. ft. 1,749 Lot dimensions-17.5 ft x 99.92 ft Floor Area Ratio (FAR) Max far 3.44 FAR as built 1.56 Maximum usable floor area 6017 Usable floor area 2,728 Landmark None Building dimensions 18 ft x 51 ft 3 Stories Has extension - No Garage -No Year built 1889 Year last altered 1983 Certificate of Occupancy - Yes 5 Unit - 5 Residential units Residential sq. ft. 2,727 Zoning District code R7-2 This amenity filled neighborhood offers, parks, restaurants, cafes and shopping.