231 W 148th St Unit 4J · New York, NY 10039

$559,000

2 bd · 1.0 ba · 1,018 sqft · Condo · 150 Days on market

Built 1920 ↓ 12% since listing

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.4/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• Schools +5.0/10.0
• 1% rule +4.7/10.0
• Rent growth +4.2/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

OPEN HOUSES ARE BY APPOINTMENT ONLY. ADVANCE SCHEDULING IS REQUIRED. Spacious 5-Room Apartment with Flexible Layout & Multiple Exposures Located at 231 West 148th Street in Harlem , this spacious five-room home at The Washington offers a flexible layout, excellent light, and thoughtful upgrades within a well-established HDFC cooperative community. With north-east, north-west, and south-west exposures , the apartment enjoys natural light throughout the day along with strong cross-ventilation, creating a bright and comfortable living environment. The layout includes two generously sized, closeted bedrooms , a spacious and welcoming living room, a pass-through galley kitchen , and a windowed, closeted flex room that can easily function as a dining room, home office, den, or third sleeping area. This additional room adds long-term versatility and allows the home to adapt to changing needs over time. The apartment is well lit and well ventilated, with many light fixtures on dimmer switches and several three-way switches that allow lighting to be adjusted based on use and time of day. The living room is pre-wired with junction boxes for both a wall sconce and a ceiling fan, offering additional flexibility for layout and design. The kitchen features stainless steel appliances , accent lighting along the granite counters , an oversized sink with a dedicated filtered-water spout, and a built-in dish soap dispenser. The pass-through design keeps the space connected to the living area while maintaining separation. The windowed full bathroom has been updated with new fixtures, offering a clean and refreshed feel. Both bedrooms are well proportioned, and the primary bedroom includes upgraded closet doors . The apartment carries 154 shares , and the monthly maintenance of $1,197 includes heat, hot water, and cooking gas, with approximately 39 percent of the maintenance tax deductible . Built in 1920 and converted to cooperative ownership in 2003 , The Washington is a professionally managed, pet-friendly cooperative . The buildings at 231 and 239 West 148th Street are internally connected and share amenities that include a live-in superintendent , two central laundry rooms, a fitness room, a children's playroom, a community room, bike storage, and additional storage. A key-access community garden is located adjacent to the building, and a pay public parking garage directly across the street adds everyday convenience. The building is subject to affordable housing income restrictions and follows a 250 percent Area Median Income (AMI) guideline . For 2026 , New York City's 250 percent AMI for households of one to four people ranges from approximately $283,000 up to a maximum of $400,000 . Bank financing of up to 90 percent is permitted , and gifts toward down payment or closing costs are accepted . There is no flip tax . As recommended by the cooperative, total monthly housing costs, including mortgage and maintenance, should not exceed 30 percent of gross monthly household income . Subletting is permitted after two years of residency, subject to board approval . Transportation is exceptionally convenient. The 3 train stops at 148th Street just down the block , while the A, B, C, and D trains are accessible at 145th Street and St. Nicholas Avenue , providing easy access to Midtown and Downtown Manhattan. Nearby bus service includes the M1, M7, M102, and M148 , offering reliable north-south connectivity. Set on a tree-lined block , the home is moments from Jackie Robinson Park , neighborhood caf & eacute; s including Common Good Caf & eacute; , and everyday conveniences along West 145th Street such as Super Foodtown, New York Sports Club, Starbucks, and Duane Reade , along with a strong selection of nearby dining favorites including Bird in Hand, Briciola Harlem, Cucina Italian Tavern, The Handpulled Noodle, The Edge Harlem, Benyam, Lucille's Coffee and Cocktails , and the iconic Charles Pan-Fried Chicken . This residence offers space, flexibility, and long-term value within a thoughtfully maintained cooperative.

Key facts

• Flexible layout
• Multiple exposures
• Cross-ventilation

Tags

• FLEXIBLE LAYOUT
• MULTIPLE EXPOSURES
• EXCELLENT NATURAL LIGHT
• CROSS-VENTILATION
• PASS-THROUGH GALLEY KITCHEN
• WINDOWED CLOSETED FLEX ROOM

Property features AI

Finance

• Other: Directions: #3 train to West 148 Street
• HOA & community: Association: The Washington; Building amenities include elevator(s) and fitness center; Community fitness center

Exterior

• Parking: On-street parking
• Utilities: Electricity connected (Con Edison); Natural gas connected; Public sewer
• Home design: Stock cooperative; Six-story building; Entry on level 4
• Construction: Brick construction; Concrete perimeter foundation
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Dishwasher; Gas oven; Microwave; Refrigerator
• Bedrooms: Located on entry level 4
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Natural gas heating; Wall/window cooling units
• Interior features: Breakfast bar; Chef's kitchen; Elevator in building; Entrance foyer; Galley-style kitchen; Granite counters; Double-pane windows; Accessible approach with ramp; Bicycle room in building; Cats and dogs allowed
• Laundry & utility: Shared/common basement with finished space and storage

🏢 Co-op / cooperative unit. The $559,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $559k.

Deal economics

• At list price, monthly cash flow is $416 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $542k (3.1% below list).
• Recommended offer: $492k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising fast (+6.7%/yr); 42 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 4,467 units permitted in New York County in 2024 (4,463 in 5+ unit buildings).
• At $5,416/mo this rent would consume 143% of the median local household income ($45k/yr) (locally 2826% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $60k of equity ($4k loan paydown + $56k appreciation (10.0% local appreciation)).
• New York County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 6.7% rent growth), your $157k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$96k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 150 days — a 12% lower offer ($492k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $76k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $491,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 150 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.97% ✗
• Cap rate: 7.19%
• Cash-on-cash: 3.19%
• DSCR: 1.14
• GRM: 8.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 6.68% rent growth · sell at horizon

5-year hold

• IRR: 28.0%
• Equity multiple: 3.25×
• Total profit: $351,795
• Equity at exit: $503,591

10-year hold

• IRR: 25.5%
• Equity multiple: 7.80×
• Total profit: $1,064,246
• Equity at exit: $1,086,014

Cash invested: $156,520 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 10039

• Home prices YoY: 2.6%
• Rents YoY: 6.7%
• Active inventory: 42
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $5,416 high
• Mortgage (P&I): −$2,931
• Tax est. 1.5%: −$699 /mo · $8,385/yr
• Insurance: −$233
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,137
• Net cashflow: $416

Break-even live

Break-even rent $4,890

Max offer price $559,000

Occupancy floor 87%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $139,750
• Closing costs: $16,770
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
300 W 135th St Unit 9G New York, NY	3.0	2.0	1032	$5,500	$5.33	5d	1	0.69mi
132 W 134th St New York, NY	2.0	1.0	750	$4,500	$6.00	24d	1	0.72mi
52 Convent Ave Unit 30 New York, NY	3.0	2.0	1300	$7,500	$5.77	24d	1	0.97mi
230 W 126th St Unit 20C New York, NY	2.0	1.0	860	$4,555	$5.30	24d	1	1.10mi
2413 3rd Ave Bronx, NY	1.0–3.0	1.0–2.0	857	$3,948	$4.60	11d	23	1.13mi
5 Lincoln Ave Bronx, NY	1.0–3.0	1.0–2.5	1011	$5,134	$5.08	1d	183	1.23mi
241 Lenox Ave #1 New York, NY	1.0	1.0	1175	$8,000	$6.81	19d	1	1.31mi
508 Manhattan Ave Unit 2C New York, NY	3.0	1.0	800	$4,699	$5.87	11d	1	1.35mi
312 W 121st St Unit 4C New York, NY	3.0	2.0	900	$4,854	$5.39	7d	1	1.35mi
506 Manhattan Ave Unit 1A New York, NY	3.0	1.0	800	$4,699	$5.87	11d	1	1.36mi
312 W 121st St Unit 5-A New York, NY	3.0	1.0	800	$4,655	$5.82	11d	1	1.37mi
543 W 122nd St New York, NY	2.0	1.0–2.0	1057	$10,995	$10.40	2d	7	1.39mi
543 W 122nd St Unit 27C New York, NY	2.0	2.0	1313	$10,995	$8.37	10d	1	1.39mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: watergas
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-17
   statusdays on market $559,000 Pending 150 DOM
2. 2026-06-15
   days on market $559,000 Active 149 DOM
3. 2026-06-13
   days on market $559,000 Active 147 DOM
4. 2026-06-10
   days on market $559,000 Active 143 DOM
5. 2026-06-08
   days on market $559,000 Active 142 DOM
6. 2026-06-04
   days on market $559,000 Active 138 DOM
7. 2026-06-03
   days on market $559,000 Active 137 DOM
8. 2026-06-01
   days on market $559,000 Active 135 DOM
9. 2026-05-31
   days on market $559,000 Active 134 DOM
10. 2026-05-21
    price $559,000 4100-char remark

    Show marketing remark (4100 chars)

    OPEN HOUSES ARE BY APPOINTMENT ONLY. ADVANCE SCHEDULING IS REQUIRED. Spacious 5-Room Apartment with Flexible Layout & Multiple Exposures Located at 231 West 148th Street in Harlem , this spacious five-room home at The Washington offers a flexible layout, excellent light, and thoughtful upgrades within a well-established HDFC cooperative community. With north-east, north-west, and south-west exposures , the apartment enjoys natural light throughout the day along with strong cross-ventilation, creating a bright and comfortable living environment. The layout includes two generously sized, closeted bedrooms , a spacious and welcoming living room, a pass-through galley kitchen , and a windowed, closeted flex room that can easily function as a dining room, home office, den, or third sleeping area. This additional room adds long-term versatility and allows the home to adapt to changing needs over time. The apartment is well lit and well ventilated, with many light fixtures on dimmer switches and several three-way switches that allow lighting to be adjusted based on use and time of day. The living room is pre-wired with junction boxes for both a wall sconce and a ceiling fan, offering additional flexibility for layout and design. The kitchen features stainless steel appliances , accent lighting along the granite counters , an oversized sink with a dedicated filtered-water spout, and a built-in dish soap dispenser. The pass-through design keeps the space connected to the living area while maintaining separation. The windowed full bathroom has been updated with new fixtures, offering a clean and refreshed feel. Both bedrooms are well proportioned, and the primary bedroom includes upgraded closet doors . The apartment carries 154 shares , and the monthly maintenance of $1,197 includes heat, hot water, and cooking gas, with approximately 39 percent of the maintenance tax deductible . Built in 1920 and converted to cooperative ownership in 2003 , The Washington is a professionally managed, pet-friendly cooperative . The buildings at 231 and 239 West 148th Street are internally connected and share amenities that include a live-in superintendent , two central laundry rooms, a fitness room, a children's playroom, a community room, bike storage, and additional storage. A key-access community garden is located adjacent to the building, and a pay public parking garage directly across the street adds everyday convenience. The building is subject to affordable housing income restrictions and follows a 250 percent Area Median Income (AMI) guideline . For 2026 , New York City's 250 percent AMI for households of one to four people ranges from approximately $283,000 up to a maximum of $400,000 . Bank financing of up to 90 percent is permitted , and gifts toward down payment or closing costs are accepted . There is no flip tax . As recommended by the cooperative, total monthly housing costs, including mortgage and maintenance, should not exceed 30 percent of gross monthly household income . Subletting is permitted after two years of residency, subject to board approval . Transportation is exceptionally convenient. The 3 train stops at 148th Street just down the block , while the A, B, C, and D trains are accessible at 145th Street and St. Nicholas Avenue , providing easy access to Midtown and Downtown Manhattan. Nearby bus service includes the M1, M7, M102, and M148 , offering reliable north-south connectivity. Set on a tree-lined block , the home is moments from Jackie Robinson Park , neighborhood caf & eacute; s including Common Good Caf & eacute; , and everyday conveniences along West 145th Street such as Super Foodtown, New York Sports Club, Starbucks, and Duane Reade , along with a strong selection of nearby dining favorites including Bird in Hand, Briciola Harlem, Cucina Italian Tavern, The Handpulled Noodle, The Edge Harlem, Benyam, Lucille's Coffee and Cocktails , and the iconic Charles Pan-Fried Chicken . This residence offers space, flexibility, and long-term value within a thoughtfully maintained cooperative.

11. 2026-05-21
    price $559,000

    Show marketing remark (4100 chars)

    OPEN HOUSES ARE BY APPOINTMENT ONLY. ADVANCE SCHEDULING IS REQUIRED. Spacious 5-Room Apartment with Flexible Layout & Multiple Exposures Located at 231 West 148th Street in Harlem , this spacious five-room home at The Washington offers a flexible layout, excellent light, and thoughtful upgrades within a well-established HDFC cooperative community. With north-east, north-west, and south-west exposures , the apartment enjoys natural light throughout the day along with strong cross-ventilation, creating a bright and comfortable living environment. The layout includes two generously sized, closeted bedrooms , a spacious and welcoming living room, a pass-through galley kitchen , and a windowed, closeted flex room that can easily function as a dining room, home office, den, or third sleeping area. This additional room adds long-term versatility and allows the home to adapt to changing needs over time. The apartment is well lit and well ventilated, with many light fixtures on dimmer switches and several three-way switches that allow lighting to be adjusted based on use and time of day. The living room is pre-wired with junction boxes for both a wall sconce and a ceiling fan, offering additional flexibility for layout and design. The kitchen features stainless steel appliances , accent lighting along the granite counters , an oversized sink with a dedicated filtered-water spout, and a built-in dish soap dispenser. The pass-through design keeps the space connected to the living area while maintaining separation. The windowed full bathroom has been updated with new fixtures, offering a clean and refreshed feel. Both bedrooms are well proportioned, and the primary bedroom includes upgraded closet doors . The apartment carries 154 shares , and the monthly maintenance of $1,197 includes heat, hot water, and cooking gas, with approximately 39 percent of the maintenance tax deductible . Built in 1920 and converted to cooperative ownership in 2003 , The Washington is a professionally managed, pet-friendly cooperative . The buildings at 231 and 239 West 148th Street are internally connected and share amenities that include a live-in superintendent , two central laundry rooms, a fitness room, a children's playroom, a community room, bike storage, and additional storage. A key-access community garden is located adjacent to the building, and a pay public parking garage directly across the street adds everyday convenience. The building is subject to affordable housing income restrictions and follows a 250 percent Area Median Income (AMI) guideline . For 2026 , New York City's 250 percent AMI for households of one to four people ranges from approximately $283,000 up to a maximum of $400,000 . Bank financing of up to 90 percent is permitted , and gifts toward down payment or closing costs are accepted . There is no flip tax . As recommended by the cooperative, total monthly housing costs, including mortgage and maintenance, should not exceed 30 percent of gross monthly household income . Subletting is permitted after two years of residency, subject to board approval . Transportation is exceptionally convenient. The 3 train stops at 148th Street just down the block , while the A, B, C, and D trains are accessible at 145th Street and St. Nicholas Avenue , providing easy access to Midtown and Downtown Manhattan. Nearby bus service includes the M1, M7, M102, and M148 , offering reliable north-south connectivity. Set on a tree-lined block , the home is moments from Jackie Robinson Park , neighborhood caf & eacute; s including Common Good Caf & eacute; , and everyday conveniences along West 145th Street such as Super Foodtown, New York Sports Club, Starbucks, and Duane Reade , along with a strong selection of nearby dining favorites including Bird in Hand, Briciola Harlem, Cucina Italian Tavern, The Handpulled Noodle, The Edge Harlem, Benyam, Lucille's Coffee and Cocktails , and the iconic Charles Pan-Fried Chicken . This residence offers space, flexibility, and long-term value within a thoughtfully maintained cooperative.

12. 2026-04-14
    price $569,000 4100-char remark

    Show marketing remark (4100 chars)

    OPEN HOUSES ARE BY APPOINTMENT ONLY. ADVANCE SCHEDULING IS REQUIRED. Spacious 5-Room Apartment with Flexible Layout & Multiple Exposures Located at 231 West 148th Street in Harlem , this spacious five-room home at The Washington offers a flexible layout, excellent light, and thoughtful upgrades within a well-established HDFC cooperative community. With north-east, north-west, and south-west exposures , the apartment enjoys natural light throughout the day along with strong cross-ventilation, creating a bright and comfortable living environment. The layout includes two generously sized, closeted bedrooms , a spacious and welcoming living room, a pass-through galley kitchen , and a windowed, closeted flex room that can easily function as a dining room, home office, den, or third sleeping area. This additional room adds long-term versatility and allows the home to adapt to changing needs over time. The apartment is well lit and well ventilated, with many light fixtures on dimmer switches and several three-way switches that allow lighting to be adjusted based on use and time of day. The living room is pre-wired with junction boxes for both a wall sconce and a ceiling fan, offering additional flexibility for layout and design. The kitchen features stainless steel appliances , accent lighting along the granite counters , an oversized sink with a dedicated filtered-water spout, and a built-in dish soap dispenser. The pass-through design keeps the space connected to the living area while maintaining separation. The windowed full bathroom has been updated with new fixtures, offering a clean and refreshed feel. Both bedrooms are well proportioned, and the primary bedroom includes upgraded closet doors . The apartment carries 154 shares , and the monthly maintenance of $1,197 includes heat, hot water, and cooking gas, with approximately 39 percent of the maintenance tax deductible . Built in 1920 and converted to cooperative ownership in 2003 , The Washington is a professionally managed, pet-friendly cooperative . The buildings at 231 and 239 West 148th Street are internally connected and share amenities that include a live-in superintendent , two central laundry rooms, a fitness room, a children's playroom, a community room, bike storage, and additional storage. A key-access community garden is located adjacent to the building, and a pay public parking garage directly across the street adds everyday convenience. The building is subject to affordable housing income restrictions and follows a 250 percent Area Median Income (AMI) guideline . For 2026 , New York City's 250 percent AMI for households of one to four people ranges from approximately $283,000 up to a maximum of $400,000 . Bank financing of up to 90 percent is permitted , and gifts toward down payment or closing costs are accepted . There is no flip tax . As recommended by the cooperative, total monthly housing costs, including mortgage and maintenance, should not exceed 30 percent of gross monthly household income . Subletting is permitted after two years of residency, subject to board approval . Transportation is exceptionally convenient. The 3 train stops at 148th Street just down the block , while the A, B, C, and D trains are accessible at 145th Street and St. Nicholas Avenue , providing easy access to Midtown and Downtown Manhattan. Nearby bus service includes the M1, M7, M102, and M148 , offering reliable north-south connectivity. Set on a tree-lined block , the home is moments from Jackie Robinson Park , neighborhood caf & eacute; s including Common Good Caf & eacute; , and everyday conveniences along West 145th Street such as Super Foodtown, New York Sports Club, Starbucks, and Duane Reade , along with a strong selection of nearby dining favorites including Bird in Hand, Briciola Harlem, Cucina Italian Tavern, The Handpulled Noodle, The Edge Harlem, Benyam, Lucille's Coffee and Cocktails , and the iconic Charles Pan-Fried Chicken . This residence offers space, flexibility, and long-term value within a thoughtfully maintained cooperative.

13. 2026-04-14
    price $569,000

    Show marketing remark (4100 chars)

    OPEN HOUSES ARE BY APPOINTMENT ONLY. ADVANCE SCHEDULING IS REQUIRED. Spacious 5-Room Apartment with Flexible Layout & Multiple Exposures Located at 231 West 148th Street in Harlem , this spacious five-room home at The Washington offers a flexible layout, excellent light, and thoughtful upgrades within a well-established HDFC cooperative community. With north-east, north-west, and south-west exposures , the apartment enjoys natural light throughout the day along with strong cross-ventilation, creating a bright and comfortable living environment. The layout includes two generously sized, closeted bedrooms , a spacious and welcoming living room, a pass-through galley kitchen , and a windowed, closeted flex room that can easily function as a dining room, home office, den, or third sleeping area. This additional room adds long-term versatility and allows the home to adapt to changing needs over time. The apartment is well lit and well ventilated, with many light fixtures on dimmer switches and several three-way switches that allow lighting to be adjusted based on use and time of day. The living room is pre-wired with junction boxes for both a wall sconce and a ceiling fan, offering additional flexibility for layout and design. The kitchen features stainless steel appliances , accent lighting along the granite counters , an oversized sink with a dedicated filtered-water spout, and a built-in dish soap dispenser. The pass-through design keeps the space connected to the living area while maintaining separation. The windowed full bathroom has been updated with new fixtures, offering a clean and refreshed feel. Both bedrooms are well proportioned, and the primary bedroom includes upgraded closet doors . The apartment carries 154 shares , and the monthly maintenance of $1,197 includes heat, hot water, and cooking gas, with approximately 39 percent of the maintenance tax deductible . Built in 1920 and converted to cooperative ownership in 2003 , The Washington is a professionally managed, pet-friendly cooperative . The buildings at 231 and 239 West 148th Street are internally connected and share amenities that include a live-in superintendent , two central laundry rooms, a fitness room, a children's playroom, a community room, bike storage, and additional storage. A key-access community garden is located adjacent to the building, and a pay public parking garage directly across the street adds everyday convenience. The building is subject to affordable housing income restrictions and follows a 250 percent Area Median Income (AMI) guideline . For 2026 , New York City's 250 percent AMI for households of one to four people ranges from approximately $283,000 up to a maximum of $400,000 . Bank financing of up to 90 percent is permitted , and gifts toward down payment or closing costs are accepted . There is no flip tax . As recommended by the cooperative, total monthly housing costs, including mortgage and maintenance, should not exceed 30 percent of gross monthly household income . Subletting is permitted after two years of residency, subject to board approval . Transportation is exceptionally convenient. The 3 train stops at 148th Street just down the block , while the A, B, C, and D trains are accessible at 145th Street and St. Nicholas Avenue , providing easy access to Midtown and Downtown Manhattan. Nearby bus service includes the M1, M7, M102, and M148 , offering reliable north-south connectivity. Set on a tree-lined block , the home is moments from Jackie Robinson Park , neighborhood caf & eacute; s including Common Good Caf & eacute; , and everyday conveniences along West 145th Street such as Super Foodtown, New York Sports Club, Starbucks, and Duane Reade , along with a strong selection of nearby dining favorites including Bird in Hand, Briciola Harlem, Cucina Italian Tavern, The Handpulled Noodle, The Edge Harlem, Benyam, Lucille's Coffee and Cocktails , and the iconic Charles Pan-Fried Chicken . This residence offers space, flexibility, and long-term value within a thoughtfully maintained cooperative.

14. 2026-03-09
    price $595,000 4100-char remark

    Show marketing remark (4100 chars)

    OPEN HOUSES ARE BY APPOINTMENT ONLY. ADVANCE SCHEDULING IS REQUIRED. Spacious 5-Room Apartment with Flexible Layout & Multiple Exposures Located at 231 West 148th Street in Harlem , this spacious five-room home at The Washington offers a flexible layout, excellent light, and thoughtful upgrades within a well-established HDFC cooperative community. With north-east, north-west, and south-west exposures , the apartment enjoys natural light throughout the day along with strong cross-ventilation, creating a bright and comfortable living environment. The layout includes two generously sized, closeted bedrooms , a spacious and welcoming living room, a pass-through galley kitchen , and a windowed, closeted flex room that can easily function as a dining room, home office, den, or third sleeping area. This additional room adds long-term versatility and allows the home to adapt to changing needs over time. The apartment is well lit and well ventilated, with many light fixtures on dimmer switches and several three-way switches that allow lighting to be adjusted based on use and time of day. The living room is pre-wired with junction boxes for both a wall sconce and a ceiling fan, offering additional flexibility for layout and design. The kitchen features stainless steel appliances , accent lighting along the granite counters , an oversized sink with a dedicated filtered-water spout, and a built-in dish soap dispenser. The pass-through design keeps the space connected to the living area while maintaining separation. The windowed full bathroom has been updated with new fixtures, offering a clean and refreshed feel. Both bedrooms are well proportioned, and the primary bedroom includes upgraded closet doors . The apartment carries 154 shares , and the monthly maintenance of $1,197 includes heat, hot water, and cooking gas, with approximately 39 percent of the maintenance tax deductible . Built in 1920 and converted to cooperative ownership in 2003 , The Washington is a professionally managed, pet-friendly cooperative . The buildings at 231 and 239 West 148th Street are internally connected and share amenities that include a live-in superintendent , two central laundry rooms, a fitness room, a children's playroom, a community room, bike storage, and additional storage. A key-access community garden is located adjacent to the building, and a pay public parking garage directly across the street adds everyday convenience. The building is subject to affordable housing income restrictions and follows a 250 percent Area Median Income (AMI) guideline . For 2026 , New York City's 250 percent AMI for households of one to four people ranges from approximately $283,000 up to a maximum of $400,000 . Bank financing of up to 90 percent is permitted , and gifts toward down payment or closing costs are accepted . There is no flip tax . As recommended by the cooperative, total monthly housing costs, including mortgage and maintenance, should not exceed 30 percent of gross monthly household income . Subletting is permitted after two years of residency, subject to board approval . Transportation is exceptionally convenient. The 3 train stops at 148th Street just down the block , while the A, B, C, and D trains are accessible at 145th Street and St. Nicholas Avenue , providing easy access to Midtown and Downtown Manhattan. Nearby bus service includes the M1, M7, M102, and M148 , offering reliable north-south connectivity. Set on a tree-lined block , the home is moments from Jackie Robinson Park , neighborhood caf & eacute; s including Common Good Caf & eacute; , and everyday conveniences along West 145th Street such as Super Foodtown, New York Sports Club, Starbucks, and Duane Reade , along with a strong selection of nearby dining favorites including Bird in Hand, Briciola Harlem, Cucina Italian Tavern, The Handpulled Noodle, The Edge Harlem, Benyam, Lucille's Coffee and Cocktails , and the iconic Charles Pan-Fried Chicken . This residence offers space, flexibility, and long-term value within a thoughtfully maintained cooperative.

15. 2026-03-09
    price $595,000

    Show marketing remark (4100 chars)

    OPEN HOUSES ARE BY APPOINTMENT ONLY. ADVANCE SCHEDULING IS REQUIRED. Spacious 5-Room Apartment with Flexible Layout & Multiple Exposures Located at 231 West 148th Street in Harlem , this spacious five-room home at The Washington offers a flexible layout, excellent light, and thoughtful upgrades within a well-established HDFC cooperative community. With north-east, north-west, and south-west exposures , the apartment enjoys natural light throughout the day along with strong cross-ventilation, creating a bright and comfortable living environment. The layout includes two generously sized, closeted bedrooms , a spacious and welcoming living room, a pass-through galley kitchen , and a windowed, closeted flex room that can easily function as a dining room, home office, den, or third sleeping area. This additional room adds long-term versatility and allows the home to adapt to changing needs over time. The apartment is well lit and well ventilated, with many light fixtures on dimmer switches and several three-way switches that allow lighting to be adjusted based on use and time of day. The living room is pre-wired with junction boxes for both a wall sconce and a ceiling fan, offering additional flexibility for layout and design. The kitchen features stainless steel appliances , accent lighting along the granite counters , an oversized sink with a dedicated filtered-water spout, and a built-in dish soap dispenser. The pass-through design keeps the space connected to the living area while maintaining separation. The windowed full bathroom has been updated with new fixtures, offering a clean and refreshed feel. Both bedrooms are well proportioned, and the primary bedroom includes upgraded closet doors . The apartment carries 154 shares , and the monthly maintenance of $1,197 includes heat, hot water, and cooking gas, with approximately 39 percent of the maintenance tax deductible . Built in 1920 and converted to cooperative ownership in 2003 , The Washington is a professionally managed, pet-friendly cooperative . The buildings at 231 and 239 West 148th Street are internally connected and share amenities that include a live-in superintendent , two central laundry rooms, a fitness room, a children's playroom, a community room, bike storage, and additional storage. A key-access community garden is located adjacent to the building, and a pay public parking garage directly across the street adds everyday convenience. The building is subject to affordable housing income restrictions and follows a 250 percent Area Median Income (AMI) guideline . For 2026 , New York City's 250 percent AMI for households of one to four people ranges from approximately $283,000 up to a maximum of $400,000 . Bank financing of up to 90 percent is permitted , and gifts toward down payment or closing costs are accepted . There is no flip tax . As recommended by the cooperative, total monthly housing costs, including mortgage and maintenance, should not exceed 30 percent of gross monthly household income . Subletting is permitted after two years of residency, subject to board approval . Transportation is exceptionally convenient. The 3 train stops at 148th Street just down the block , while the A, B, C, and D trains are accessible at 145th Street and St. Nicholas Avenue , providing easy access to Midtown and Downtown Manhattan. Nearby bus service includes the M1, M7, M102, and M148 , offering reliable north-south connectivity. Set on a tree-lined block , the home is moments from Jackie Robinson Park , neighborhood caf & eacute; s including Common Good Caf & eacute; , and everyday conveniences along West 145th Street such as Super Foodtown, New York Sports Club, Starbucks, and Duane Reade , along with a strong selection of nearby dining favorites including Bird in Hand, Briciola Harlem, Cucina Italian Tavern, The Handpulled Noodle, The Edge Harlem, Benyam, Lucille's Coffee and Cocktails , and the iconic Charles Pan-Fried Chicken . This residence offers space, flexibility, and long-term value within a thoughtfully maintained cooperative.

16. 2026-01-17
    listed $634,800 Active

    Show marketing remark (4100 chars)

    OPEN HOUSES ARE BY APPOINTMENT ONLY. ADVANCE SCHEDULING IS REQUIRED. Spacious 5-Room Apartment with Flexible Layout & Multiple Exposures Located at 231 West 148th Street in Harlem , this spacious five-room home at The Washington offers a flexible layout, excellent light, and thoughtful upgrades within a well-established HDFC cooperative community. With north-east, north-west, and south-west exposures , the apartment enjoys natural light throughout the day along with strong cross-ventilation, creating a bright and comfortable living environment. The layout includes two generously sized, closeted bedrooms , a spacious and welcoming living room, a pass-through galley kitchen , and a windowed, closeted flex room that can easily function as a dining room, home office, den, or third sleeping area. This additional room adds long-term versatility and allows the home to adapt to changing needs over time. The apartment is well lit and well ventilated, with many light fixtures on dimmer switches and several three-way switches that allow lighting to be adjusted based on use and time of day. The living room is pre-wired with junction boxes for both a wall sconce and a ceiling fan, offering additional flexibility for layout and design. The kitchen features stainless steel appliances , accent lighting along the granite counters , an oversized sink with a dedicated filtered-water spout, and a built-in dish soap dispenser. The pass-through design keeps the space connected to the living area while maintaining separation. The windowed full bathroom has been updated with new fixtures, offering a clean and refreshed feel. Both bedrooms are well proportioned, and the primary bedroom includes upgraded closet doors . The apartment carries 154 shares , and the monthly maintenance of $1,197 includes heat, hot water, and cooking gas, with approximately 39 percent of the maintenance tax deductible . Built in 1920 and converted to cooperative ownership in 2003 , The Washington is a professionally managed, pet-friendly cooperative . The buildings at 231 and 239 West 148th Street are internally connected and share amenities that include a live-in superintendent , two central laundry rooms, a fitness room, a children's playroom, a community room, bike storage, and additional storage. A key-access community garden is located adjacent to the building, and a pay public parking garage directly across the street adds everyday convenience. The building is subject to affordable housing income restrictions and follows a 250 percent Area Median Income (AMI) guideline . For 2026 , New York City's 250 percent AMI for households of one to four people ranges from approximately $283,000 up to a maximum of $400,000 . Bank financing of up to 90 percent is permitted , and gifts toward down payment or closing costs are accepted . There is no flip tax . As recommended by the cooperative, total monthly housing costs, including mortgage and maintenance, should not exceed 30 percent of gross monthly household income . Subletting is permitted after two years of residency, subject to board approval . Transportation is exceptionally convenient. The 3 train stops at 148th Street just down the block , while the A, B, C, and D trains are accessible at 145th Street and St. Nicholas Avenue , providing easy access to Midtown and Downtown Manhattan. Nearby bus service includes the M1, M7, M102, and M148 , offering reliable north-south connectivity. Set on a tree-lined block , the home is moments from Jackie Robinson Park , neighborhood caf & eacute; s including Common Good Caf & eacute; , and everyday conveniences along West 145th Street such as Super Foodtown, New York Sports Club, Starbucks, and Duane Reade , along with a strong selection of nearby dining favorites including Bird in Hand, Briciola Harlem, Cucina Italian Tavern, The Handpulled Noodle, The Edge Harlem, Benyam, Lucille's Coffee and Cocktails , and the iconic Charles Pan-Fried Chicken . This residence offers space, flexibility, and long-term value within a thoughtfully maintained cooperative.

17. 2026-01-17
    listed $634,800 Active 4100-char remark

    Show marketing remark (4100 chars)

    OPEN HOUSES ARE BY APPOINTMENT ONLY. ADVANCE SCHEDULING IS REQUIRED. Spacious 5-Room Apartment with Flexible Layout & Multiple Exposures Located at 231 West 148th Street in Harlem , this spacious five-room home at The Washington offers a flexible layout, excellent light, and thoughtful upgrades within a well-established HDFC cooperative community. With north-east, north-west, and south-west exposures , the apartment enjoys natural light throughout the day along with strong cross-ventilation, creating a bright and comfortable living environment. The layout includes two generously sized, closeted bedrooms , a spacious and welcoming living room, a pass-through galley kitchen , and a windowed, closeted flex room that can easily function as a dining room, home office, den, or third sleeping area. This additional room adds long-term versatility and allows the home to adapt to changing needs over time. The apartment is well lit and well ventilated, with many light fixtures on dimmer switches and several three-way switches that allow lighting to be adjusted based on use and time of day. The living room is pre-wired with junction boxes for both a wall sconce and a ceiling fan, offering additional flexibility for layout and design. The kitchen features stainless steel appliances , accent lighting along the granite counters , an oversized sink with a dedicated filtered-water spout, and a built-in dish soap dispenser. The pass-through design keeps the space connected to the living area while maintaining separation. The windowed full bathroom has been updated with new fixtures, offering a clean and refreshed feel. Both bedrooms are well proportioned, and the primary bedroom includes upgraded closet doors . The apartment carries 154 shares , and the monthly maintenance of $1,197 includes heat, hot water, and cooking gas, with approximately 39 percent of the maintenance tax deductible . Built in 1920 and converted to cooperative ownership in 2003 , The Washington is a professionally managed, pet-friendly cooperative . The buildings at 231 and 239 West 148th Street are internally connected and share amenities that include a live-in superintendent , two central laundry rooms, a fitness room, a children's playroom, a community room, bike storage, and additional storage. A key-access community garden is located adjacent to the building, and a pay public parking garage directly across the street adds everyday convenience. The building is subject to affordable housing income restrictions and follows a 250 percent Area Median Income (AMI) guideline . For 2026 , New York City's 250 percent AMI for households of one to four people ranges from approximately $283,000 up to a maximum of $400,000 . Bank financing of up to 90 percent is permitted , and gifts toward down payment or closing costs are accepted . There is no flip tax . As recommended by the cooperative, total monthly housing costs, including mortgage and maintenance, should not exceed 30 percent of gross monthly household income . Subletting is permitted after two years of residency, subject to board approval . Transportation is exceptionally convenient. The 3 train stops at 148th Street just down the block , while the A, B, C, and D trains are accessible at 145th Street and St. Nicholas Avenue , providing easy access to Midtown and Downtown Manhattan. Nearby bus service includes the M1, M7, M102, and M148 , offering reliable north-south connectivity. Set on a tree-lined block , the home is moments from Jackie Robinson Park , neighborhood caf & eacute; s including Common Good Caf & eacute; , and everyday conveniences along West 145th Street such as Super Foodtown, New York Sports Club, Starbucks, and Duane Reade , along with a strong selection of nearby dining favorites including Bird in Hand, Briciola Harlem, Cucina Italian Tavern, The Handpulled Noodle, The Edge Harlem, Benyam, Lucille's Coffee and Cocktails , and the iconic Charles Pan-Fried Chicken . This residence offers space, flexibility, and long-term value within a thoughtfully maintained cooperative.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $64,994
• − Mortgage interest: −$31,313
• − Property taxes: −$8,385
• − Insurance: −$2,795
• − Repairs & maintenance: −$5,200
• − Management: −$5,200
• − Depreciation: −$16,262
• Taxable loss: −$4,160
• Est. tax savings @ 24.0%: +$998
• After-tax cash flow: $5,986/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: New York County · 1,599,927 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 32,492
• Household income: $45,371
• Rent vs Own: 86.3% rent · 13.7% own
• Severe rent burden: 2826.0

Population outlook (New York County) Hauer SSP2

• Today (2025): 1,825,725 people
• By 2030: 1,904,611 · +4.3%
• By 2040: 2,052,719 · +12.4%
• By 2050: 2,206,601 · +20.9%
• By 2075: 2,509,427 · +37.4%
• By 2100: 2,702,933 · +48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Black 53% Hispanic / Latino 33% Two or more races 18% White 7% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 6% Dominican 14%
• Common ancestry: Scotch-Irish 1% Iranian 1% Romanian 1%
• Foreign-born: 23% · Canada, China
• Languages at home: 65% English-only · Spanish 28% French/Haitian/Cajun 3% Chinese 1%

Political lean MEDSL · New York

• 2024 margin: Solid D (+64.8) · D 82.4% · R 17.6%
• 2008→2024 swing: -7.4pp toward R · 2008: 72.2pp · 2024: 64.8pp
• All cycles: 2024: D+64.8 2020: D+74.5 2016: D+77.2 2012: D+69.6 2008: D+72.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 20.96%
• Current HPI: 833.2625
• Rent YoY: ▲ 6.68%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

-11.9% since first listed

8 events — show timeline

• 2026-05-21 Price Changed $559,000 RLS at REBNY
• 2026-05-21 Price Changed $559,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-14 Price Changed $569,000 RLS at REBNY
• 2026-04-14 Price Changed $569,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-09 Price Changed $595,000 RLS at REBNY
• 2026-03-09 Price Changed $595,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-17 Listed $634,800 OneKey® MLS as Distributed by MLS Grid
• 2026-01-17 Listed $634,800 RLS at REBNY