152Nd St New York, NY 10031
- Apartment buildings
- 3,230 SF
Current Use by Public Records
- Apartment buildings
Property Details for 0 152Nd St
- Year built
- 1900
- Property size
- 3,230 SF
- Property type
- Apartment buildings
Description
This exceptional eight-unit limestone townhouse, situated in the desirable Hamilton Heights neighborhood of Manhattan (10031), presents a compelling investment opportunity. Built in 1900 and renovated in 1988, this four-story building boasts 3,230 square feet across one building, offering a mix of six studio and two one-bedroom units. The property sits on a 1,499 square foot lot and benefits from an additional 1,274 square feet of air rights. Currently fully occupied, the property generates a strong net operating income (NOI) of $118,143, resulting in a 7.16% cap rate. The asking price is $1,650,000, translating to $206,250 per unit and $510.84 per square foot. Its R6A zoning designation reflects its potential for future development. The building's prime location offers residents excellent walkability to Columbia University, City College, New York Presbyterian Hospital, Riverbank State Park, St. Nicholas Park, and a variety of dining and entertainment options. Convenient access to the A, B, C, D, 1, and 3 subway lines further enhances its appeal. This well-maintained property, constructed of masonry, represents a rare chance to acquire a valuable asset in a vibrant and historically significant neighborhood. The property is classified as a Class B multifamily building.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- NY
- State
- New York
- Longitude
- -73.9463
- Latitude
- 40.8305
