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$3,340,500
List Price: $3,400,000
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West 142nd
Townhouse in Hamilton Heights •  building info
8bd • 7.5ba
Buy with Yoreevo

$3,340,500

List Price

$3,400,000

Description
**Huge Upside Opportunity- High End Gut Renovated 3 Unit Multifamily on Hamilton Height's Best Block** Fully Occupied with Lease Expirations This Year- 5-6% Cap Rate Projection with New Market Rents This Architectural Masterpiece features 3 Ultra Modern Rental Units, featuring Washer/Dryers, Split HVAC Central Air, and Stainless Steel Condo Grade Finishes. Each Unit Features Outdoor Space- Ground Level has a Huge Backyard, 2 Upper Units feature Balconies. #1- 4 Bed/3.5 Bath. Current Rent- $5000/month Projected Monthly Rent: $6500 #2- 2 Bed/2 Bath + Home Office. Current Rent- $3200/month Projected Monthly Rent: $3800 Potential to Convert to 3 Bedroom: $4200 #3- 2 Bed/2 Bath + Home Office. Current Rent- $3200/month Projected Monthly Rent: $3800 Potential to Convert to 3 Bedroom: $4200 Current Annual: $136,800 Projected Annual as is: $169,200 Projected Annual with Conversions: $178,800 Low Monthly Taxes and Maintenance Costs. Tenants Pay for Electricity, only Water covered by Owner.

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Building info

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Listing Courtesy of Living New York