2044 Madison Avenue, New York (East Harlem), NY, 10035 | $2,175,000

Exceptional Investment Opportunity in Central Harlem- All units are free market and Can be delivered vacant! Located in the culturally vibrant heart of Central Harlem, this beautifully maintained legal three-family townhouse offers a rare opportunity for both investors and end-users seeking an owner’s duplex with income-producing units above. Positioned on Madison Avenue between 129th and 130th Streets, this classic brownstone is currently configured as four one-bedroom residences, maximizing flexibility and strong income potential. This home truly stands out for its meticulous upkeep and extensive recent updates. The current owner has invested significantly in improvements throughout the property, ensuring it is in excellent, move-in-ready condition. From upgraded appliances and modernized bathrooms to refreshed living spaces and common areas, every unit reflects a high level of care and attention to detail. The garden level features a private entrance and offers exceptional versatility. It can remain as a standalone one-bedroom apartment or be seamlessly combined with the parlor level to create a spacious two- or three-bedroom owner’s duplex with direct access to the backyard and basement. The private garden has also been recently renovated, providing a serene, beautifully landscaped outdoor retreat—an uncommon luxury in the city. The upper floors each feature well-appointed one-bedroom apartments, ideal for generating consistent rental income or accommodating additional living space. These units have been tastefully updated with modern finishes and amenities, offering comfortable, turnkey living for today’s renters. Convenience is unmatched, with easy access to multiple subway lines (2, 3, 4, 5, and 6) and bus routes (M101, M102, M103), making commuting throughout Manhattan effortless. Residents also enjoy proximity to East River Plaza, home to popular retailers such as Costco, Target, Aldi, and Whole Foods, as well as nearby Trader Joe's. The neighborhood is also celebrated for its dynamic dining scene, including iconic destinations like Red Rooster Harlem. Blending historic charm with thoughtful modern upgrades, this turnkey property is a standout opportunity in one of Manhattan’s most dynamic neighborhoods. Whether you're looking to invest or create a customized living space, this townhouse offers exceptional potential. All three units are free market and there is easy potential to to get the rent cap to 6%.

Features

  • Town: New York
  • Amenities: Garden;
  • Rooms: 11
  • Laundry: SeeRemarks
  • Year Built: 1926
  • Cooling: Unknown Type
  • Service Level: Voice Intercom
  • Built Size: 16'x50'
  • OLR#: RLS20078771
  • Days on Market: 95 days
  • Website: https://www.raveis.com
    /prop/RLS20078771/2044madisonavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass

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NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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2044 Madison Avenue, New York (East Harlem), NY, 10035

$2,175,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,740,000 $1,740,000 $1,740,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,744 $10,572 $14,566
Total Monthly Payment $9,869 $10,697 $14,691

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.