--- title: "255 West 136TH Street #TH, New York, NY 10030" description: "255 West 136TH Street #TH, New York, NY 10030 — NYC real estate listing on Real Estate Rebate Team. Priced at $2,895,000. Est. potential buyer savings up to $72,375 (subject to buyer-broker compensation received, lender approval, and applicable law)." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10030/255-west-136th-street-th-TH-ny-10030" source: "Real Estate Rebate Team" --- # 255 West 136TH Street #TH, New York, NY 10030 > **Listing Courtesy of:** Serhant ## Description 8-Unit Free-Market Brownstone Immediate Upside 6.37% In-Place 8.02% Pro Forma Strivers' Row, Harlem Immediate NOI upside within 60-90 days through near-term lease rollover. 255 West 136th Street presents a rare opportunity to acquire a fully renovated, turn-key 8-unit free-market multifamily asset in the heart of Central Harlem's historic Strivers' Row. This four-story 1910 brownstone combines classic architectural charm with modern upgrades, offering immediate income with strong upside. The property is currently generating a 6.37% in-place cap rate, with a clear path to an 8.02% pro forma cap rate through near-term lease rollover and market alignment. The building features a well-balanced mix of studio and one-bedroom residences, all thoughtfully updated with: Hardwood flooring and high ceilings Renovated kitchens with stainless steel appliances Modern bathrooms Central heating and cooling On-site laundry for additional tenant convenience This Brownstone townhouse is 100% free-market and benefits from low operating expenses, making it an ideal long-term hold or yield-driven investment. With leases expiring in the coming months, an investor can begin increasing rents almost immediately, accelerating NOI growth and achieving pro forma performance within a short timeframe. Located on a quiet, tree-lined block within the Strivers' Row Historic District, the property is surrounded by strong rental demand and is moments from major transportation, parks, dining, and cultural institutions-ensuring continued tenant appeal and long-term value growth. Investment Highlights: 8 Free-Market Units (No Rent Stabilization) 6.37% Current Cap Rate 8.02% Pro Forma Cap Rate Immediate Mark-to-Market Opportunity Turnkey, Renovated Asset Strong In-Place Income with Near-Term Upside Prime Central Harlem Location Why This Deal Stands Out: Opportunities to acquire fully free-market, renovated brownstones in Manhattan at a 6.4% current yield with a clear path to 8%+ are extremely limited-especially with this level of near-term control over income growth. A rare chance to secure a cash-flowing asset with immediate yield and strong forced appreciation potential. Viewings by appointment only. Full financials and offering memorandum available upon request. ## Property Details - **Price**: $2,895,000 - **Potential Buyer Rebate**: $72,375 - **Bedrooms**: 6 - **Bathrooms**: 8 - **Living Area**: 3,200 sqft - **Property Type**: Residential - **Year Built**: 1910 - **Building**: 255 West 136TH Street - **Neighbourhood**: Central Harlem - **Area / Borough**: Manhattan - **Subdivision**: Central Harlem - **Listing Office**: Serhant - **State**: NY ## Estimated Potential Buyer Savings Real Estate Rebate Team estimates potential buyer savings of up to **$72,375** at closing. *Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.* ## Related Links - [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/255-west-136th-street) - [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/central-harlem) - [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact) --- > This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. > This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.