56 East 130th Street, New York City, NY 10037
Listing Courtesy of Compass
$5,200,000
Potential Rebate: $78,000
Overview
Residential investment opportunity in a desirable Central Harlem location near several popular restaurants, bars, shops, Morningside and Marcus Garvey Parks and convenient train options. This historic 4-story building offers 10 renovated free-market, 1-2 bed residential units. The building features renovated units with central air and in-unit laundry.
This sale is also being offered as a bundle in conjunction with two other Harlem residential buildings with free-market units, all with one blanket mortgage that can be assumed with the right buyer. Inquire for the offering memorandum with further details.
Property Information:
Desirable Central Harlem location near retail, Morningside and Marcus Garvey Parks and transportation options.
Residential building with 10 free-market units:
Units range from 1-bed to 2-bed layouts.
Lot Size: 25 ft x 100 ft
Building Size: 25 ft x 60 ft
Building square footage: 7,230
Electric all separately metered.
Central air for all units.
In-unit laundry.
Zoning: R7B, C1
4 Stories
Year Built: 1900
Brick/masonry construction
Block & Lot: 01754-0046
Property taxes: $55,969 / Annual
Offered at: $5,200,000
Offered also in conjunction with two other Harlem residential buildings with one assumable mortgage - Properties located at 2064 Fifth Avenue and 240 Lenox Avenue.
Home Features
- •Common On Floor
- •Common Area
- •Private Outdoor Space Over 60 Sqft
- •Dryer
- •Washer
Estimated Monthly Payment
$39,064 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$78,000
Monthly savings impact
$217/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20045088
Price Analysis
Compare average listing prices and value metrics for 56 East 130th Street against the surrounding Central Harlem market.
Average List Price
Price Per SqFt
18.78% Lower
than the Central Harlem price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Central Harlem
Overview of Central Harlem
Central Harlem is the cultural capital of Black America. Known for its jazz clubs and historic brownstones. For buyers seeking Central Harlem Manhattan real estate, it offers history and community.
Living in Central Harlem is soulful. As a Manhattan NYC neighborhood, it is experiencing a renaissance.
Real Estate & Housing Market
The market for homes for sale in Central Harlem includes renovated brownstones and new condos.
Lifestyle & Community
The lifestyle in Central Harlem is vibrant. 125th Street is the commercial heartbeat.
Transportation & Accessibility
Central Harlem is served by the 2/3 and B/C trains.
Parks, Schools & Amenities
Marcus Garvey Park is a community gathering spot.
Amenities: The Apollo Theater is a global icon.
Who This Neighborhood Is Best For
Central Harlem is best for culture seekers and families.
