621 W 138th St
Listing Notes
Positioned on a picturesque, tree-lined block between Broadway and Riverside Drive, 621 West 138th Street offers a premier opportunity to acquire a classic, well-maintained pre-war townhouse-style apartment building in the heart of Hamilton Heights. Built in 1920, this four-story asset comprises eight residential units, offering investors an immediate, stable income stream with substantial long-term upside in one of Upper Manhattan's most resilient rental markets. The property boasts an exceptional location catering to a built-in, high-quality tenant base of young professionals, graduate students, and faculty. Higher Education & Healthcare: Anchored by the continuous expansion of Columbia University's Manhattanville Campus, The City College of New York (CCNY), and NewYork-Presbyterian Hospital. Transit & Parks: Steps from the 1 subway line at 137th St-City College, providing a seamless commute to Midtown. Residents also enjoy immediate proximity to the scenic waterfronts of Riverside Park and the recreational facilities at Riverbank State Park. Investment Highlights Asset Configuration: 8 residential units across 3 stories (efficiently laid out for maximum rental appeal). Pre-War Architecture: Built in 1920, featuring classic New York townhouse charm and solid brick construction. Turnkey with Upside: Stable current cash flow with a clear pathway to income optimization and value enhancement through modern renovations. Prime Location: Situated on a highly desirable, quiet residential block with strong neighborhood character and high historical demand. 621 West 138th Street represents a rare opportunity to capture the enduring demand for quality rental housing in a culturally rich, supply-constrained Manhattan neighborhood.
Price in context
Cheaper than 54% of the 24 homes listed nearby right now, which run $1,275,000 to $2,500,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 555 W 149th St Apt 1 | $1,275,000 | 2 bd · 2 ba |
| 52 Convent Ave Unit 1C | $1,349,000 | 3 bd · 4 ba |
| 30 Edgecombe Ave | $1,350,000 | 2 bd · 7 ba |
| 456 W 145th St | $1,450,000 | 7 bd · 5 ba |
| 680 Riverside Dr Unit 4CD | $1,529,000 | 4 bd · 2 ba |
| 52 Convent Ave Unit Ph | $1,645,000 | 2 bd · 2 ba |
| 314 W 138th St | $1,799,000 | 7 bd · 5 ba |
| 456 W 145th St | $1,850,000 | 7 bd · 5 ba |
| 518 W 149th St | $1,995,000 | 5 bd · 4 ba |
| 17 Convent Ave Ph B | $1,995,000 | 4 bd · 3 ba |
| 463 W 142nd St Apt 2B | $1,999,999 | 3 bd · 3 ba |
| 621 W 138th St | $2,000,000 | 8 bd · 8 ba |
| 465 W 144th St | $2,095,000 | 6 bd |
| 465 W 144th St | $2,095,000 | Studio |
| 465 W 144th St | $2,095,000 | Studio |
| 475 W 144th St | $2,249,999 | 7 bd · 5.5 ba |
| 475 W 144th St | $2,249,999 | 7 bd · 5 ba |
| 530 W 148th St | $2,250,000 | 7 bd · 3.5 ba |
| 530 W 148th St | $2,250,000 | 7 bd · 4 ba |
| 307 W 136th St | $2,395,000 | 6 bd · 6.5 ba |
| 307 W 136th St | $2,395,000 | 6 bd · 6 ba |
| 307 W 136th St | $2,495,000 | 6 bd · 6.5 ba |
| 14 Convent Ave | $2,500,000 | Studio |
| 14 Convent Ave | $2,500,000 | Studio |
Where it is
For sale Coming soon Recently sold— zoom out for more