25 Hamilton Terrace

About this property

Tremendous upside potential to acquire this multi family building located on a tree-lined block in Historic Hamilton Heights.

Units:

- 8 total rental units (1 rent-stabilized)

- Four 1 bedroom units, four studios

- Most units have a dishwasher, and some laundry in unit

Investor Information:

- Rents are under-market, as is, and additional value can be created with adding appliances or modifying layouts

- Upon achieving market rents, cap rate will be 5.3%

- Potential condo-conversion play

- Expenses approximately $28,000

Building:

- Renovated in 2015

- New roof

- New intercom system

- Four total floors

- R6A zoning

- Building Size 4,000

- Lot dimensions 17 × 65 ft

Area:

- Historic Hamilton Heights area

- Subways: A C B D 1 3

- Parks: : St. Nicholas Park, Johnny Hartman Square, Frank White Neighborhood Service Center, Jackie Robinson Park, Bradhurst Urban Renewal Park

- Nearby colleges

Email or call for a set-up or a showing.

Listing Courtesy of Allan Zapadinsky