2044 Madison Ave, New York, NY, 10035

About This Home

Exceptional Investment Opportunity in Central Harlem, Can be delivered vacant, and cap rate can easily be increased to 6%. 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%.