Rare Opportunity - Great Opportunity to own a well maintained 3 family home located in the heart of Columbia University, City College, and New York Presbyterian Hospital! ......And Just steps to Riverside Park!
Move In Ready - Delivered Vacant!
The interior of the apartments at 630 W 138th St feature a modern open floor plan with large living room area and updated kitchens.
All 3 units in the building feature hardwood floors, granite counter tops, stainless steel appliances, bright sunny interiors, and quality fixtures, making them immediately attractive to tenants.
The property was originally built in 1900 and was fully gut renovated in 2000. it offers classic New York charm combined with modern conveniences.
Key Property Highlights
Unit 1 - Duplex located on the Parlor and Ground floor has 2 bedrooms and 2 bathrooms, washer/dryer, and direct access to a private backyard/patio.
Units 2 and 3 - Located on the 3rd and 4th floors has 2 bedrooms on opposite sides of the apartment, 1 bathroom, with full kitchen and living room. The building has a strong occupancy history with virtually no vacancies due to high demand from nearby schools.
All units have modern kitchens and baths, hardwood flooring!
Zoning & 2,266 Sqft Full Air Rights:
The property is zoned R7 residential, and all development (“air”) rights are fully intact . In practical terms, the current building occupies only a fraction of the allowable buildable area, so a buyer has the option to expand upward or redevelop the site. R7 zoning in this area typically accommodates medium-rise buildings about 7–8 stories high.
2,226 sqft of additional buildable space is available under as-of-right zoning. These unused development rights are included in the sale and can be used to add more floors to the existing structure or even be sold/transferred to an adjacent property if that better suits the buyer’s plans.
This presents a tremendous value-add opportunity for investors or developers looking to maximize the property’s potential.
Prime Location (Hamilton Heights, West Harlem): The building sits in a vibrant, high-demand Manhattan neighborhood. It’s just steps from Broadway and a one-minute walk to the 137th Street–City College subway station (1 train), providing easy access for commuters and students. City College of New York is only a few blocks away, and Columbia University’s expanding Manhattanville campus is nearby as well – meaning a large student and professional tenant pool at your doorstep.
Many shops, restaurants, parks, and public transit all within easy reach. For recreation, Riverside Park and Riverbank State Park are just around the corner, offering green space, sports facilities, and Hudson River views – a great perk for any residents.
Surging Neighborhood Growth: Investing in this property means buying into an area on the rise. West Harlem/Hamilton Heights is experiencing a surge in investor demand and property value growth, fueled in part by Columbia University’s massive $6+ billion Manhattanville expansion just a few blocks south .
The ongoing development in the area is bringing in new businesses, jobs, and housing demand. In fact, thousands of Columbia graduate students and staff are expected to populate the nearby campus, boosting rental demand for years to come.
This neighborhood’s future is bright, with asset values poised to appreciate further alongside the local economic growth. In short, 630 W 138th Street is not just a standalone property sale.
it’s an opportunity to capitalize on a rapidly growing market in Upper Manhattan
Schedule an appointment today! All offers will be considered!