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    474 W 145Th St New York, NY 10031
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    474 W 145Th St New York, NY 10031

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    • Investment properties
    • 4,140 SF
    • 0.04 lot acres
    For Sale
    $1,995,000
    View Listing →
    Renovated Mixed-Use Townhouse in Hamilton Heights For Sale
    $1,995,000
    4,800 SF

    Renovated Mixed-Use Townhouse in Hamilton Heights

    Turn-key investment property with commercial space and residential duplex.

    474 W 145th St, New York, NY 10031
    View Listing
    Property ID
    US63-5960380
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Uomo / Barber Shop
    • Paloma Blush Room / Hair Salon / Nail Salon
    • KINGKAY WAXING LOUNGE / Hair Salon

    Property Details for 474 W 145Th St

    Year built
    1901
    Lot size
    0.04 lot acres
    Property size
    4,140 SF
    Zone code
    R6A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02059-0059
    APU
    20590059

    Description

    This stunning, fully renovated limestone townhouse at 474 West 145th Street in Hamilton Heights, New York, NY 10031 presents a unique investment opportunity. The 4,800 square foot mixed-use building boasts a compelling blend of commercial and residential space. Currently vacant, this Class A property offers immediate potential for rental income. The ground and basement floors house commercial space (previously a salon), while the first floor provides office space. Atop this, a beautiful duplex residential apartment occupies the upper two floors. Built in 1901 and renovated in 2011, the five-story building sits on a 1,599 square foot lot. The asking price is $1,995,000, translating to $415.62 per square foot. The pro-forma NOI is $121,011, projecting a 6.07% cap rate. The property's location offers excellent accessibility, with proximity to the A/B/C/D subway lines and various bus routes. Nearby amenities include City College, Jackie Robinson Park, and the Hudson River Greenway. The flexible layout of the first floor allows for potential conversion to residential use, increasing the property's versatility and rental income potential. This turnkey investment is ideal for owner-landlords seeking strong returns and equity growth in a vibrant, up-and-coming neighborhood. All three units are free-market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9474
    Latitude
    40.8249
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,920
    $21,251
    $33,117
    $54,368
    -
    $883,000
    $1,376,000
    $2,259,000

    Comparable in this City

    • Value Estimation
      $920,000
      4,196 SF

      462 144th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,196 SF
      462 144th St, New York, NY 10031-4722
      View Details
    • Value Estimation
      $590,000
      2,541 SF

      462 145th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,541 SF
      462 145th St, New York, NY 10031-4701
      View Details
    • Value Estimation
      $2,005,000
      7,764 SF

      3656 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 7,764 SF
      3656 Broadway, New York, NY 10031-2520
      View Details
    • Value Estimation
      $1,345,000
      6,000 SF

      739 Saint Nicholas Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,000 SF
      739 Saint Nicholas Ave, New York, NY 10031-4800
      View Details
    • Value Estimation
      $1,245,000
      3,388 SF

      450 145th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,388 SF
      450 145th St, New York, NY 10031-4745
      View Details
    • Value Estimation
      $1,350,000
      3,196 SF

      464 145th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,196 SF
      464 145th St, New York, NY 10031-4701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,800 SF

      Renovated Mixed-Use Townhouse in Hamilton Heights

      Turn-key investment property with commercial space and residential duplex.
      474 W 145Th St, New York, NY 10031
      View Details
    • Contact for pricing
      2,500 SF

      Mixed-Use Building Near City College

      Mixed-use building near transportation, restaurants, and universities.
      563 W 139Th St, New York, NY 10031
      View Details

    Similar Nearby for Lease

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      900 SF

      New Storefront on Main Thoroughfare

      Brand-new, white-boxed storefront located near the subway.
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      View Details
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      2,800 SF

      Prime Retail Space on Amsterdam

      2,800 SF retail space with frontage on Amsterdam Avenue.
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      Harlem Corner Lot Opportunity

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      Retail Space Available For Lease

      Retail space available for lease in New York, NY.
      1711 Amsterdam Ave, New York, NY 10031
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    View Listing
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    New York, NY 10031
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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