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$2,000,000 Just Listed
Property Description
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.
Full Property Details
Full Property Details for 621 W 138th St
General
- Price: $2,000,000
- Taxes: $7,296
- Status: Active
- Type: Multi-Family
- Source: REBNY
- MLS ID: RLS20095567
- Updated: 6/4/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: Crown Molding
- Furnishings: Unfurnished
Rooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: See Remarks
Exterior
- Exterior Features: Private Outdoor Space Over 60 Sqft
Location
- County: New York
- Subdivision: Hamilton Heights
Community
- Pets Allowed: Yes
Structural Information
- Architectural Style: Walk-Up
- Structure Type: Multi Family, Townhouse
- Basement Desc.: Full
- Stories/Levels: 3
- Square Feet: 2,535
- Living Area: 2,535 Sq. Ft.
- Year Built: 1920
Lot Features
- Lot Dimensions: 15.000000 x 99.920000
Financial Considerations
- Assoc Fee Freq.: Monthly
- Tax Amount: $7,296
Disclosures and Reports
- Property ID: 2087-0020
- Block: 2087
- Lot Number: 20
Listing Courtesy of Compass
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Schools
Schools serving 621 W 138th St
School District:New York City Geographic School District 06
| Name | Grades | Distance |
|---|---|---|
Ps 192 Jacob H Schiff 500 West 138th Street, New York, NY 10031 | K-5 | 0.1 mi |
Harold O Levy School 650 Academy Street, New York, NY 10034 | 6-8 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 621 W 138th St
Date
Details
Price
Change
Source
6/04/2026
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 621 W 138th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,764
—
$58,440
8%
2025
$6,764
8%
$54,114
8%
2024
$6,264
8%
$50,106
8%
2023
$5,800
2%
$46,394
-79%
2022
$5,691
3%
$220,500
16%
2021
$5,515
6%
$189,450
-7%
2020
$5,192
7%
$203,850
-3%
2019
$4,861
8%
$209,250
486%
2018
$4,501
-1%
$35,688
—
2017
$4,539
2%
$35,688
3%
2016
$4,458
8%
$34,580
8%
2016
$4,125
14%
$32,020
8%
2014
$3,609
-2%
$29,649
8%
2013
$3,688
—
$27,453
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 621 W 138th St
621 W 138th Street, New York, NY 10031 (MLS# RLS20095567) is a Multi-Family property with 8 units containing 8 bedrooms and 8 full bathrooms. 621 W 138th Street is currently listed for $2,000,000 and was received on June 04, 2026. Want to learn more about 621 W 138th Street? Do you have questions about finding other Multi-Family real estate for sale in New York? You can browse all New York real estate or contact a Coldwell Banker agent to request more information.
