Located in the landmark of the Sugar Hill Hamilton Heights historic district, offered is an, 8,100 square feet, 5 story, limestone redevelopment opportunity, built 22+/- feet wide on 30+/- foot wide lot consisting of 22 rooms, 5 1/2 bathrooms, a roof deck, a patio, a garden, a full cellar, plus a driveway & a garage that can accommodate 4 vehicles. Boasting high ceilings throughout, this pre-war gem is loaded with original features including stained glass, parquet floors, gas fireplaces with mantles, wainscoting, and pocket doors all in tact. Currently configured as a 2 family with certificate of occupancy designed with a garden floor through apartment. 4,034 square feet of unused FAR. R7A, C1-4 zoning. Brand new roof with 15 year warranty. Priced at $444 a foot. Vacant and ready for an immediate sale. Annual Taxes: $7,395+/- . Currently Vacant. Projected Rent: $3.33 per sqft per month x 8,100 sqft $27,000 monthly rent $324,000 annual rent (based on actual recent neighborhood rented comps). Projected annual expenses: $120,000. 5.10% cap rate.
Walk to all including the A, B, C and D subway trains with a subway entrance on the block. Also the Harlem School of The Arts, City College, Jackie Robinson Park, the Alexander Hamilton Grange in St Nicholas Park, Riverbank State Park, restaurants, supermarkets, shops, other services and the #1 train along 145th Street, Amsterdam Ave & Broadway.
Courtesy of Douglas Elliman Real Estate
- Pets: Yes
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