$8,750,000
Updated 11 years ago
Off Market
546-552 West 146th Street
Hamilton Heights, Manhattan | Amsterdam Ave & Broadway
46,420 Square FeetIncome Property
$8,750,000
floors / apts6 / 70
Building TypeLow-Rise
RE Taxes$134,358
Price Per SF
$188
Building Amenities
- Voice Intercom
- Elevator
Property Description for 546-552 West 146th Street
> Ariel Property Advisors has been retained on an exclusive basis to arrange for the sale of 546-52 West 146th Street, New York, NY.
> The package consists of three (3) contiguous walk-up buildings located on the south side of 146th Street between Broadway and Amsterdam Avenues.
> The buildings contain eight (8) one-bedroom, thirty-six (36) two-bedroom, and twenty-six (26) three-bedroom apartments.
> The buildings also contain three (3) super’s apartments.
> Currently generating close to $1 million in annual revenue, the package offers investors stable and consistent cash-flow, as well as significant upside in future rents.
> The buildings are enhanced by easy access to all downtown and outer-borough locations, 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.
> With the portfolio’s quality location, condition and future upside, 546-52 West 146th Street presents an ideal “value-add” scenario for investors.
Listing History for 546-552 West 146th Street
Now
02/22/2012
POM by Victor Sozio
Ariel Property Advisors
2012
Building Details for 546-552 West 146th Street
OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Floors/Apts6/70
Transit and Citi Bike
Subway
145 St
0.05 miles
145 St
0.3 miles
137 St-City College
0.39 miles
155 St
0.49 miles
Citi Bike
W 146 St & Broadway
0.03 miles
Riverside Dr & W 145 St
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: 40851TH
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