427 Convent Ave New York, NY 10031
Renovated 5-family townhouse in Sugar Hill Historic District.
Property Features for 427 Convent Ave
General Information
- Property type
- Multi Family
- Standard status
- Active
Building Details
- Year built
- 1926
Source:
Elliman
Listing Agency: Howard Hanna NYC Listing Agent: Adam Feinberg
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Hamilton Heights Multifamily Investment Opportunity
Located in the Sugar Hill Historic District of Hamilton Heights, this 5-family townhouse presents an opportunity for users, purchasers, or investors. The building, constructed in 1926 and renovated in 2016, is fully leased at market rates. The garden level and parlor floor feature a 3-bedroom, 3-bath duplex with high ceilings, access to an approximately 425 sq ft garden, and a washer and dryer. This duplex, currently rented month to month, could serve as an owner's unit. The 3rd and 4th floors each contain 2 studios. The property benefits from east and west exposures, providing natural light throughout the day. Situated on a townhouse-heavy section of the neighborhood, even the garden level receives ample natural light. The building is 16 feet by 54 feet on a 16 feet by 85 feet lot. The gross square footage is 3,456, including the garden level. All building systems, including the boiler, roof, and meters, were replaced during the 2016 renovation and have been well-maintained. Convent Avenue is primarily residential and near the City College campus, resulting in reduced vehicle traffic and a quieter living environment.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9445134
- Latitude
- 40.8267242
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Renovated 5-family townhouse in Sugar Hill Historic District.
Where is this apartment building located?
The property is located at 427 Convent Ave New York, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: - 5%+ Cap Rate: Presents a strong investment opportunity.; - Fully Leased with Market Rate Rents: Ensures consistent income stream.; - Renovated in 2016 with All New Building Systems: Minimizes maintenance.
