Updated 13 hours ago
88 Views
In contract
Hamilton Heights, Manhattan | West 141st Street & West 142nd Street
17 Rooms6 Beds3.5 Baths4,000 Square FeetMixed Use

$3,150,000
floors / apts4 / 3
Lot Size20'x70'
Built Size20'x50'
ZoneR6
Building TypeTownhouse
RE Taxes$16,539
Price Per SF
$788

Listing Features

  • High Ceilings
  • Moldings
  • New Windows
  • Skylights
  • Gas Heat

Outdoor space and views

  • Backyard
  • City Views
  • Townhouse Views
  • Treeline Views

Building Amenities

  • Voice Intercom
  • Laundry Room
  • Sprinkler System
  • Stoop Entry

Property Description

3474 Broadway is currently used as a 20-foot-wide owner-occupied triplex with 6-bedrooms, 3-bathrooms plus a separate ground-floor commercial office that offers the owner above-average rental income. While the building has three floor-through, 2-bedroom apartments, the current owner uses all three apartments (which combine to 3,300 SF) to capture three separate and distinct areas of the home for sleeping, dining, and entertaining - just by keeping the doors open. The commercial unit, which is on the ground floor and completely separated from the residential portion of the building, is currently occupied by a dentist’s office, with a lease ending in July 2027, and currently offers the owner an astonishing $5267 in rental income (with 4% annual increases), plus 25% of the water bill, their own heat, and electricity, as well as their own snow removal, and cleaning. The total benefit to the owner comes to approximately $5,500 per month in effective income. You simply cannot get this much income with a single-floor in a residential building. This property has been recently updated and immaculately maintained, offering exceptional capitalization and ROI for your traditional investor (email us for the setup) or a turn-key house to move into for yourself. All floors feature an open-concept kitchen-living room layout with new appliances and fixtures, high ceilings, large windows, great storage space, and wonderful light all day long. The cellar level, which has laundry units, can also be used as a common storage area or private storage for the owner. We invite you to take a private tour to view this spectacular building and the opportunity to own a piece of the growing Broadway retail scene in Hamilton Heights. Just a few blocks to the 1-train, A/B/C/D trains, and local favorites such as Riverbank State Park with tennis, basketball, skating, and swimming. There is also a sophisticated food scene that has taken hold over the last five years and continues to grow with Columbia’s ever-expanding campus along the Broadway corridor. Be sure to contact the listing agent for more information.

Listing History

Now
08/06/2021
Contract Signed by John McGuinness
Compass
02/26/2021
$3,150,000
Initial Price by John McGuinness
Compass

Building Details

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

145 St
0.18 miles
137 St-City College
0.18 miles
145 St
0.4 miles
135 St
0.49 miles

Citi Bike

Broadway & W 142 St
0.03 miles
Hamilton Pl & W 140 St
0.1 miles
W 140 St & Riverside Dr
0.16 miles
5
29
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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: 72505TH