1992 Madison Avenue - Harlem, New York



1992 Madison Avenue - Harlem, New York


Now representing a 4.25 CAP rate, 1992 Madison Avenue has just undergone a complete, thorough, top-to-bottom, inside-and-out renovation, including facade work, a new roof, new windows, mechanicals, fixtures, finishes, and equipment. It is ideally situated with close proximity to public transportation and the 125th Street commercial thoroughfare. This grand, late 19th-century townhouse presents the perfect opportunity to live and/or invest in East Harlem, and is an ideal 1031 Exchange property. Delivered vacant and located on a 20x85' corner lot, this property's three exposures provide abundant light to four move-in ready, generously proportioned units, with the added benefit of a two-car garage. Please inquire for an investment setup. Behind its tall stoop and brownstone façade, find a 2,150 SF lower three bedroom, three-and-a-half bath triplex apartment complete with a full Bosch appliance package, 12' ceilings on the parlor level, and a generous finished 1,275 SF recreation space in the cellar. Above are three identical 1,045 SF three bedroom, two bathroom floor-through apartments with Whirlpool appliances. All units enjoy in-unit laundry and central air conditioning, with individual HVAC units and utility meters. East Harlem's venerable cultural, dining, and recreational institutions are just blocks away, as well as the 2/3 & 4/5/6 trains and Metro North. Shown by appointment.


This listing courtesy of Douglas Elliman

Property Details:

  • 1992 Madison Avenue - Harlem, New York
  • Price: $4,750,000
  • Monthly Real Estate Tax: $1,062
  • Neighborhood: Harlem
  • Multi-Family
  • Approximate Sq. Feet: 5,700
  • Listing ID: 2928118

Area Details:

Your Agent(s)
For Appointment Contact:
Douglas (Doug) Bowen

Douglas (Doug) Bowen

O: 212.352.6259

M: 646.247.0822

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