307 W 121ST ST , TOWNHOUSE

$5,700,000
5
beds
5
Baths
1
Partial Baths
Multi Family Townhouse

Property Description

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307 West 121st Street is being offered for sale for the first time in over 36 years. Rich in history, this building is an incredible residential conversion of a late 19th Century Firehouse. Currently the building serves as a 4-unit residential rental building with basement and roof, with four loft style, full-floor, free-market apartments.

Enriched with history, many of the pre-war and exquisite unique details have been preserved as well as the exterior yellow brick, limestone accents, terra cotta pink trims and original cast iron Fire House lettering above the entrance. Standing at almost 150 years old, the offering of 307 West 121st Street brings a special opportunity to own a part of New York City's history.

307 West 121st Street became the location of the New York Fire Patrol No. 5 in 1892 - the oldest paid fire service in the United States, and was the last insurance-funded fire salvage corps in the country when it was disbanded in 2006. Fire Patrol House No. 5 is one only a limited number of Firehouses in Manhattan, and makes for a truly one of kind income property or home.

While many of the prewar and exquisite original details remain; each of the four full-floor apartments measure modestly at approximately 1,850 square feet. The ceiling heights in each apartment range between 12-16+ feet and each apartment offers beautiful Southern and Northern exposures, abundant sunlight from the oversized dramatic windows and ample storage.Each apartment also comes with a private keyed storage room in the basement.

The buildings easily accessible basement offers the advantage of primarily usable square footage. Currently housing in-building laundry and electrical units, this space could easily be transformed into a gym or lounge. The equally accessible, pristine roof offers beautiful tree top city views to the south and airy views to the north.

As a residential rental building, 307 West 121st Street offers an easy transition for new ownership as a cash flow positive investment property. Alternatively, with the appropriate due diligence brought about by prospective purchasers and approvals through the New York City Department of Buildings, this building also has possible potential to be converted to a private residence, though many opportunities await. Current expenses and cash flow positive rent roll are available upon request.

Additional information: Building Dimensions: 25 x 100.92 , Total Square Footage of entire building: Approximately 7,893. Lot Square Footage: 2,523 Annual Taxes: $15,156. Each apartment is individually heated. Gas furnaces are in place on each floor. There is also a Full-Service Managing Agent who looks after all aspects of the Building and a Superintendent who makes weekly visits to the building for trash removal and upkeep.

307 West 121st Street is conveniently located on a quiet tree-lined street located one block from Morningside Park. It is a quick walk to the A/B/C/D trains at 125th Street. Additionally, it is surrounded by shops, restaurants, and nightlife. Please provide ample notice for all showing requests. Showings may be scheduled Monday-Friday between 10AM-6PM.

Current Configuration of 307 West 121st Street:

Apartment 1-First Floor:
2 bedrooms
1.5 bathrooms
Open kitchen
Small private outdoor area
12 foot ceilings
Excellent storage
Currently used as a live/work space

Apartment 2- 2nd Floor:
Beautiful open southern views from living room
13 foot + ceilings
2 interior offices that are used as interior bedrooms
1 Bathroom
Excellent storage
Open kitchen and dining area plus extra space for second living room or recreation area
Private 650+ SF terrace (North facing)

Apartment 3-3rd Floor:
Beautiful open southern views from living room
1 bathroom
13 foot + ceilings
Exposed brick loft level currently being used as a sleeping room

Apartment 4-4th Floor Penthouse:
Beautiful open southern views from expansive living room windows
Original hardwood floors
1 Bedroom on loft level
2 interior office spaces on main level
1 bathroom
16 foot + ceilings in living room
Exposed brick original wooden beams originally used as drying racks for firehouse blankets
Additional loft level space as bonus recreation area
Open kitchen with dining area

Basement:
Includes building's mechanicals
Electric meters for each apartment
4 large-keyed storage units
1 bathroom

All Square Footage and Ceiling Heights are approximate.
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PROPERTY DETAILS

  • Interior
    7,893 Sq Ft.
  • Property Type
    Multi Family Townhouse
  • MONTHLY REAL ESTATE TAX
    $1,263
  • Year Built
    1930
  • MLS/Listing ID
    21713386

Amenities

  • Laundry
  • Southern Exposure
  • Northern Exposure
  • Washer Dryer Included
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BUILDING/PROPERTY DETAILS

  • Air Conditioning
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LOCATION

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TRAVEL TIMEFROM307 W 121st St
TYPE OF TRANSPORTATION