About this property
Tremendous upside potential to acquire this multi family brownstone 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 Ă— 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