135 W 136Th St New York, NY 10030

This elegant three-family townhouse in Central Harlem presents a rare opportunity with a cap rate of over 4%. The property is fully leased and 100% free-market, offering strong income and long-term growth potential. Alternatively, it can be reimagined as a single-family home. The residence features 3,552 sq ft of interior space, which includes an 888 sq ft finished basement with a half bath. Each unit has individual central AC controls, and the building boasts soaring ceilings and expansive rooms. Situated on a tree-lined street, the property combines historic Harlem character with modern convenience. Transportation is readily accessible with the 2/3 and A/B/C trains and multiple bus lines (M1, M2, M7, M102) nearby, providing easy access to Midtown and other areas. The property is located in a rapidly appreciating area of Harlem. Behind its 1910 facade, the triplex offers three spacious bedrooms, two bathrooms, and an open kitchen that flows seamlessly to a sun-filled dining area and private garden. A full-size washer/dryer and abundant storage are included. The newly finished basement, with a half bath, is currently configured as an art studio but could be adapted to a home office or recreation room. Updated mechanicals and a separate utility room add function. The neighborhood offers proximity to landmarks such as the Schomburg Center, local theaters, and galleries, along with everyday conveniences and a vibrant culinary scene, including destinations like Red Rooster, Renaissance Harlem, Ponty Bistro, Maison Harlem, and Lido.