474 W 145Th St, New York, NY 10031

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.