Vacant and ready for an immediate sale! Located in the gold coast of the historic landmark of Hamilton Heights, on Convent Ave south of West 145th St, offered is a 3,681 square feet, 5 story, re-development opportunity. 20+/- feet wide by 57+/- ft built on a 20+/- by 100+/- ft lot this townhouse has a possible roof deck and a rear yard. 2,320+/- square feet of unused FAR. R6A zoning. In need of a full renovation and sold subject to existing DOB & ECB violations. Not an SRO. Videos provided upon request. Projected Rent: $3+/- per sqft per month x 3,681 sqft = $11,043 monthly income or $132,516 annual income (based on actual recent neighborhood rented comps). Projected annual expenses: $75,000+/-. Projected 4% cap rate. Walk to all including the A, B, C, D, #1 subway trains as well a Jackie Robinson Park, the Alexander Hamilton Grange in St Nicholas Park, Riverbank State Park, restaurants, supermarkets, and shops. Easy commute to Columbia University.
Listing Courtesy of Brian Phillips
Real Estate Taxes
20' x 100' (57' deep)
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