While the building has three floor-through, 2-bedroom apartments, the current owner uses all three apartments (which combine to 3,300 SF) to capture three separate and distinct areas of the home for sleeping, dining, and entertaining - just by keeping the doors open.
The commercial unit, which is on the ground floor and completely separated from the residential portion of the building, is currently occupied by a dentist's office, with a lease ending in July 2027, and currently offers the owner an astonishing $5267 in rental income (with 4% annual increases), plus 25% of the water bill, their own heat, and electricity, as well as their own snow removal, and cleaning. The total benefit to the owner comes to approximately $5,500 per month in effective income. You simply cannot get this much income with a single-floor in a residential building.
This property has been recently updated and immaculately maintained, offering exceptional capitalization and ROI for your traditional investor (email us for the setup) or a turn-key house to move into for yourself.
All floors feature an open-concept kitchen-living room layout with new appliances and fixtures, high ceilings, large windows, great storage space, and wonderful light all day long. The cellar level, which has laundry units, can also be used as a common storage area or private storage for the owner.
We invite you to take a private tour to view this spectacular building and the opportunity to own a piece of the growing Broadway retail scene in Hamilton Heights. Just a few blocks to the 1-train, A/B/C/D trains, and local favorites such as Riverbank State Park with tennis, basketball, skating, and swimming. There is also a sophisticated food scene that has taken hold over the last five years and continues to grow with Columbia's ever-expanding campus along the Broadway corridor. Be sure to contact the listing agent for more information.
Building Features 4 Floors4 Units
$3,150,000 / $787 per ft²
Listed on Feb 26, 2021
115 Days on Market
6 Beds / 3.5 Baths / 4,000 ft²
Total Monthly expenses: $1,378
Maintenance: - / R.E. Taxes $1,378
Mixed Use (1-6 Family)
Lot Size: 20.0' x 70.0' Built: 20.0' x 55.0'
Zoning: S1-5, S9
Exclusively listed with: Compass Source: RLS
Unit listing history
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