474 145Th StNew York, NY 10031

For Sale
$1,995,000

Prime NYC location, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This stunning, fully renovated limestone townhouse at 474 West 145th Street in Hamilton Heights, New York, NY 10031 presents a unique investment opportunity. The 4,800 square foot mixed-use building boasts a compelling blend of commercial and residential space. Currently vacant, this Class A property offers immediate potential for rental income. The ground and basement floors house commercial space (previously a salon), while the first floor provides office space. Atop this, a beautiful duplex residential apartment occupies the upper two floors. Built in 1901 and renovated in 2011, the five-story building sits on a 1,599 square foot lot. The asking price is $1,995,000, translating to $415.62 per square foot. The pro-forma NOI is $121,011, projecting a 6.07% cap rate. The property's location offers excellent accessibility, with proximity to the A/B/C/D subway lines and various bus routes. Nearby amenities include City College, Jackie Robinson Park, and the Hudson River Greenway. The flexible layout of the first floor allows for potential conversion to residential use, increasing the property's versatility and rental income potential. This turnkey investment is ideal for owner-landlords seeking strong returns and equity growth in a vibrant, up-and-coming neighborhood. All three units are free-market.

Highlights

  • Exceptional Hamilton Heights mixed-use townhouse offering immediate ROI.
  • Features ground and basement commercial space (currently a salon), a first-floor office, and a stunning two-story residential duplex.
  • Delivered vacant, recently renovated, and in excellent condition; all units are free-market.

Property Details for 474 145Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
4,800 SF
Class
A
Year Built/Renovated
1901/2011
Buildings
1
Stories
5
Units
3

Location Insight

City
New York
County
New York
State
New York
Latitude
40.8249141
Longitude
-73.9474255
474 145Th St, New York, New York

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474 145Th St
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