Updated 9 years ago
Sold
512 West 151st Street
Hamilton Heights, Manhattan | Convent Ave & Amsterdam Ave
31,500 Square FeetRental Property
$3,725,000
floors / apts7 / 28
Lot Size50'x99'
Built Size50'x89'
ZoneR7-2
Building TypeLow-Rise
RE Taxes$6,951
Price Per SF
$118
This property was sold for $3,725,000 on 08/19/11.
Building Amenities
- Voice Intercom
- Elevator
- Laundry Room
- Storage
Property Description for 512 West 151st Street
> 512 West 151st Street is a 50’ wide, seven (7) story elevator apartment building located on the south side of West 151st Street between Broadway and Amsterdam Avenues.
> Of the building’s twenty-eight (28) rent-stabilized residential units, two (2) are one-bedroom, and twenty-six (26) are two-bedroom units.
> The building consists of approximately 31,500 gross sq. ft. and also contains a laundry room, three (3) large storage rooms, 24 hour video surveillance and a legal super’s unit in the basement.
> Current residential rents are operating at approximately $15 per sq. ft., offering investors significant upside for future rents.
> Since the building’s gut-rehabilitation in 1994, 512 West 151st Street has been maintained extremely well, and is in excellent condition.
> Easy access to all downtown and outer-borough locations is provided by the West Side Highway, the 1 train at 145th Street and Broadway, and the A,B,C,D lines at 145th and St. Nicholas Avenue.
> As elevator buildings with such quality renovations, rental upside and a prime location rarely come to market, 512 West 151st Street stands out as the premiere Northern Manhattan offering on the market today.
> Please note, the building is currently under a regulatory agreement with HPD, which expires in 2025 and should be reviewed by all potential purchasers before submitting offers.
Listing History for 512 West 151st Street
Now
10/10/2011
Sold and Closed by Victor Sozio
Ariel Property Advisors
05/11/2011
POM by Victor Sozio
Ariel Property Advisors
Building Details for 512 West 151st Street
OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1920
Floors/Apts7/28
Transit and Citi Bike
Subway
155 St
0.23 miles
145 St
0.31 miles
145 St
0.31 miles
157 St
0.34 miles
155 St
0.39 miles
Citi Bike
Amsterdam Ave & W 152 St
0.07 miles
W 148 St & Amsterdam Ave
0.14 miles
Contact Agents
Contact Agents
Victor Sozio
Ariel Property Advisors
Shimon Shkury
Ariel Property Advisors
Michael Tortorici
Ariel Property Advisors
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: 38647TH
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