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453 W 140th St
New York, NY 10031
Hamilton Heights Prime Asset · Multifamily Property For Sale · 10 Units

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INVESTMENT HIGHLIGHTS

  • Newly renovated, all electric, individual hot water heaters, split system air conditioning, washer/dryer in each unit.

EXECUTIVE SUMMARY

Discover this 18-foot wide, 68-foot deep, 4-family row house treasure in Harlem's coveted Hamilton Heights landmark, perfectly situated on one of the area's most desired blocks and conveniently located near CUNY & Columbia University.
This all-electric townhouse blends classic pre-war charm and modern convenience. It features three expansive 2-bedroom apartments, each with a floor-through design, split HVAC system, dishwasher, microwave and in-unit laundry. One unit even offers a private terrace deck, ideal for relaxation or entertaining. The available duplex dwelling, spanning the first two levels, boasts a well-equipped kitchen on each floor-both furnished with a dishwasher and microwave. Additionally, there's a full bathroom on each level, moreover, a dedicated home office, and an exclusive backyard. It genuinely feels like having two units in one given the design. It also is fitted with a split HVAC system and in-unit washer & dryer. All 4 units are adorned with hardwood floors and recessed lighting. Electricity charges are the responsibility of the tenants.
The building is further accentuated with eight decorative fireplaces, including one in a cozy sitting room in the lobby. The structure benefits from entirely new plumbing, electrical systems, meters, panels, sewage lines, hot water heaters, and HVAC systems.
The 4 apartments collect $17,300 in gross monthly rent, marking this property as a top-tier investment.
Location is everything! Situated across from CUNY and just around the corner from a vibrant selection of restaurants, delis, cafes, pubs, as well as essential services on Amsterdam Ave. Broadway offers an array of more restaurants, shops & services, as well as the #1 train. One subway stop from the Columbia University campus. A short distance from St Nicholas Park, Jackie Robinson Park, Riverbank State Park, and NY Sports Club. The southbound M100 and M101 buses on Amsterdam Ave turn east on W125 St, making stops for the A, B, C, D, 2, 3, 4, 5, and 6 trains, as well as Metro-North, providing access to the Harlem Whole Foods, Trader Joe’s, Wonder and more.

PROPERTY FACTS

Price Per Unit $498,420 CAD
Sale Type Investment
Cap Rate 4.45%
Sale Conditions
1031 Exchange
  • Short Sale
Gross Rent Multiplier 21.62
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.04 AC
Building Size 4,863 SF
Average Occupancy 100%
No. Stories 4
Year Built/Renovated 1920/2023
Zoning R6A, R7-2, New York - R6 - Medium density residential district, R7 - Medium-density apartment house district with lower parking requirements

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Hardwood Floors

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+2 1 $8,307 CAD -
2+1 3 $5,192 CAD -
2+1 2 $5,400 CAD -
2+1 4 $5,261 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2057-0138
Land Assessment
$30,830 CAD
Improvements Assessment
$116,735 CAD
Total Assessment
$147,565 CAD
  • Listing ID: 33148342

  • Date on Market: 2024-09-11

  • Last Updated:

  • Address: 453 W 140th St, New York, NY 10031

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