Updated 7 years ago
Sold
542 West 142nd Street
Hamilton Heights, Manhattan | Hamilton Place & Broadway
16 Rooms8 Beds8 Baths3,600 Square FeetIncome Property
$2,275,000
floors / apts3 / 8
Lot Size17'x92'10"
Built Size17'x50'
ZoneRA
Building TypeTownhouse
RE Taxes$5,100
Price Per SF
$632
This property was sold for $2,075,000 on 03/15/19.
Listing Features
- Gas Heat
Outdoor space and views
- Backyard
Building Amenities
- Voice Intercom
- Garden
- Gated Entry
- Outdoor Parking
- Stoop Entry
Property Description for 542 West 142nd Street
One of the most outstanding blocks in Hamilton Heights, 542 West 142nd Street is a turn-key rent-stabilized investment property with $110,000 in gross income and eight (8) Class-A studio apartments. Taxes are very low, only $425 / month. There is enormous potential for growth in rents over the next 5-10 years. Email for full property setup PDF.
**Important information**: The current owner has made several significant capital improvements to this property including but not limited to: new roof, french drains in the cellar, newly renovated apartments 2 and 4, a new convenience staircase from cellar (to access garden without needing to go through apartments), waterproofing for the front and rear of the building, new fencing, new concrete deck in garden, CCTV wiring, new LED fixtures, paint, and flooring in the common hallways, two new front entry doors, new baseboard heating for all units, and a newly repointed the back facade. These are *enormous* improvements that the new buyer will benefit from and should be carefully considered when comparing other investment properties for purchase.
The block, West 142nd Street between Broadway and Amsterdam, is made of fully contiguous brownstones, is tree-lined, and is very beautiful! The property is in close proximity to the 1/A/B/C/D trains and a short walk to Fairway, Riverbank State Park, and the Sugar Hill Historic District.
**Important information**: The current owner has made several significant capital improvements to this property including but not limited to: new roof, french drains in the cellar, newly renovated apartments 2 and 4, a new convenience staircase from cellar (to access garden without needing to go through apartments), waterproofing for the front and rear of the building, new fencing, new concrete deck in garden, CCTV wiring, new LED fixtures, paint, and flooring in the common hallways, two new front entry doors, new baseboard heating for all units, and a newly repointed the back facade. These are *enormous* improvements that the new buyer will benefit from and should be carefully considered when comparing other investment properties for purchase.
The block, West 142nd Street between Broadway and Amsterdam, is made of fully contiguous brownstones, is tree-lined, and is very beautiful! The property is in close proximity to the 1/A/B/C/D trains and a short walk to Fairway, Riverbank State Park, and the Sugar Hill Historic District.
Listing History for 542 West 142nd Street
Now
03/15/2019
$2,075,000
Sold and Closed by John McGuinness
Compass
02/04/2019
Contract Signed by John McGuinness
Compass
Building Details for 542 West 142nd Street
OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/8
Transit and Citi Bike
Subway
145 St
0.18 miles
137 St-City College
0.19 miles
145 St
0.37 miles
135 St
0.46 miles
Citi Bike
Broadway & W 142 St
0.06 miles
Hamilton Pl & W 140 St
0.08 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: 58110TH
Find home. Discover happiness.