REO | 21 Units Multifamily Property
$600,000
505 West 135th Street, New York, NY 10031
13,170 sqft
Building Size
3,997 sqft
Lot Area
Details:
Description:
Auction Information:
Bidding opens: Monday, November 2, 2026, at 12:00 PM
Bidding closes: Wednesday, November 4, 2026 at 12:00 PM
Starting Bid: $600,000
Lender REO Sale
5-story, multifamily walk-up building in West Harlem, Manhattan
21 residential units
Approximately 43% of units are free market
13,170 sq ft building on a 3,997 sq ft lot
40 ft of frontage along West 135th Street
Just west of Amsterdam Avenue, with direct subway access at 137th Street-City College (1) and B & C service at 135th Street
Short walk to City College of New York and St. Nicholas Park
Close to nearby retailers: Foodtown, Starbucks, Dunkin', Sugar Hill Cafe, and Red Kup Coffee
Property tours are available by appointment only. Please contact the listing broker to schedule a tour.
505 W 135th St, New York, NY 10031 presents a compelling value-add opportunity in the heart of West Harlem. This lender-owned, 5-story multifamily walk-up features 21 residential units across approximately 13,170 square feet on a 3,997-square-foot lot, with 40 feet of frontage along West 135th Street.
Built in 1910 and situated in an R7A zoning district, the property is currently 100% occupied, with approximately 43% of the units free market—offering investors an attractive blend of in-place income and future upside. The building benefits from a highly desirable Manhattan location just west of Amsterdam Avenue, moments from City College of New York, St. Nicholas Park, and the 137th Street–City College subway station, with convenient access to the A, B, and C lines.
Surrounded by neighborhood amenities including Foodtown, Starbucks, Dunkin’, Sugar Hill Cafe, and Red Kup Coffee, this asset is well-positioned for long-term demand. A rare chance to acquire scale, location, and upside in one of Upper Manhattan’s most established rental corridors.
Non-Contingent
Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
Marketing Fee: 3% of the Winning Bid Amount
$10,000 Participation Deposit via Wire Deposit only
Subject To Seller Approval
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