Updated 8 years ago
Off Market
550 West 149th Street
Hamilton Heights, Manhattan | Amsterdam Ave & Broadway
4,165 Square FeetIncome Property
$2,450,000
floors / apts5 / 9
Lot Size17'x99'
Built Size17'x49'
ZoneR6A
Building TypeTownhouse
RE Taxes$7,062
Price Per SF
$588
Listing Features
- Original Details
- Deco Fireplace
- Oil Heat
Outdoor space and views
- Backyard
- Garden
Building Amenities
- Voice Intercom
- Garden
Property Description for 550 West 149th Street
The subject property is a vacant nine (9) unit SRO, delivered with a certificate of non-harassment, located in the coveted Hamilton Heights area of West Harlem. The property boasts original details that a homebuyer will fall in love with—an interior that is full of seven (7) decorative fireplaces and woodwork from the early 19th Century. Investors have the opportunity to upgrade the existing units and achieve rents at $55.00 a net sq. ft. Alternatively, an end-user can occupy the renovated garden floor with private access to their own 850 sq. ft. backyard and receive strong cash flow by renting out the other units in the building.
The property is within walking distance to the 1 subway line at 145th Street and Broadway as well as the A, B, C & D subway lines at 145th Street and Saint Nicholas Avenue. Future ownership can take advantage of a number of national and local retailers on Broadway, including, among others, Harlem Public, The Chipped Cup, The Handpulled Noodle, The Honeywell, Mamasushi, Subway, Duane Reade, Chase Bank, Sprint, McDonald’s, Footlocker, AT&T, GNC & New York Sports Club. The property also benefits from its proximity to major academic institutions, such as Columbia University and its $6.3 billion Manhatanville Expansion Project, and City College of New York.
Listing History for 550 West 149th Street
Now
07/06/2018
POM by Josh Lipton
One Commercial Realty Services
04/13/2018
$2,450,000
Initial Price by Josh Lipton
One Commercial Realty Services
Building Details for 550 West 149th Street
OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/9
Transit and Citi Bike
Subway
145 St
0.2 miles
145 St
0.29 miles
155 St
0.34 miles
157 St
0.42 miles
155 St
0.49 miles
Citi Bike
W 148 St & Amsterdam Ave
0.11 miles
W 146 St & Broadway
0.16 miles
Hamilton Heights | Manhattan
Quick Profile
Primarily a residential neighborhood, Hamilton Heights has a mix of brownstones, walk-ups and older apartment buildings, together with more luxurious apartment and condo buildings situated along Riverside Drive. Known for being a working class neighborhood in the past, now there are many artists, teachers and actors making their homes in Hamilton Heights.
Hamilton Heights has a diverse population that prides itself on being a tight-knit community, one where neighbors know and respect one another, work together on issues that confront the community, support each other in difficult times, and spend time together socializing at block and seasonal parties.
Although there are many types of public transportation available, the area subway stops may require a bit of a walk, so you will need to plan for this time in your commute.
Hamilton Heights has a definite family-oriented vibe, and there are many playgrounds and activities for children. Additionally, you can find child daycare at reasonable prices. Riverbank State Park has many activities and recreational opportunities geared toward children.
Although there are plentiful places to shop for groceries, everything from the bigger national chains to the neighborhood bodegas and delis, they are starting to show the impact of gentrification in the higher prices they are charging, especially for organic products.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 25677TH
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