$2,929,000
Updated 3 years ago
Off Market

25 Hamilton Terrace

Hamilton Heights, Manhattan | West 141st Street & West 144th Street

3 Rooms1 Bed1 Bath5,000 Square FeetIncome Property

$2,929,000
floors / apts4 / 9
Lot Size17'x76'
Built Size17'x65'
ZoneR6A
Building TypeTownhouse
RE Taxes$9,470
Price Per SF
$586

Listing Features

  • Original Details

Outdoor space and views

  • Balcony
  • Garden

Building Amenities

  • Voice Intercom
  • Garden
  • Laundry Room
  • Outdoor Parking
  • Stoop Entry

Property Description for 25 Hamilton Terrace

Tremendous upside potential to acquire this multi family building located on a tree-lined block in Historic Hamilton Heights.

Units:
- 8 total rental units (1 rent-stabilized)
- Four 1 bedroom units, four studios
- Most units have a dishwasher, and some laundry in unit

Investor Information:
- Rents are under-market, as is, and additional value can be created with adding appliances or modifying layouts
- Upon achieving market rents, cap rate will be 5.3%
- Potential condo-conversion play
- Expenses approximately $28,000

Building:
- Renovated in 2015
- New roof
- New intercom system
- Four total floors
- R6A zoning
- Building Size 4,000
- Lot dimensions 17 65 ft

Area:
- Historic Hamilton Heights area
- Subways: A C B D 1 3
- Parks: : St. Nicholas Park, Johnny Hartman Square, Frank White Neighborhood Service Center, Jackie Robinson Park, Bradhurst Urban Renewal Park
- Nearby colleges

Email or call for a set-up or a showing.

Building Details for 25 Hamilton Terrace

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/9
Learn More About the Building

Transit and Citi Bike

Subway

145 St
0.22 miles
135 St
0.31 miles
145 St
0.35 miles
137 St-City College
0.37 miles

Citi Bike

St Nicholas Terrace & Convent Ave
0.09 miles
Edgecombe Ave & W 141 St
0.13 miles

Contact Agent

Contact Agent

Allan Zapadinsky
Keller Williams NYC

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: 38846TH