3474 Broadway

Hamilton Heights   |   West 141st Street & West 142nd Street

Building for sale
$ 3,150,000
Ownership Rental Property
Status Active
Real Estate Taxes [Per Annum] $ 16,539
Building Type Townhouse
Year Built 1910
ASF/ASM 4,000/372
Listing ID: 72505TH

Property Description

3474 Broadway is currently used as a 20-foot-wide owner-occupied triplex with 6-bedrooms, 3-bathrooms plus a separate ground-floor commercial office that offers the owner above-average rental income. While the building has three floor-through, 2-bedroom apartments, the current owner uses all three apartments (which combine to 3,300 SF) to capture three separate and distinct areas of the home for sleeping, dining, and entertaining - just by keeping the doors open. The commercial unit, which is on the ground floor and completely separated from the residential portion of the building, is currently occupied by a dentist’s office, with a lease ending in July 2027, and currently offers the owner an astonishing $5267 in rental income (with 4% annual increases), plus 25% of the water bill, their own heat, and electricity, as well as their own snow removal, and cleaning. The total benefit to the owner comes to approximately $5,500 per month in effective income. You simply cannot get this much income with a single-floor in a residential building. This property has been recently updated and immaculately maintained, offering exceptional capitalization and ROI for your traditional investor (email us for the setup) or a turn-key house to move into for yourself. All floors feature an open-concept kitchen-living room layout with new appliances and fixtures, high ceilings, large windows, great storage space, and wonderful light all day long. The cellar level, which has laundry units, can also be used as a common storage area or private storage for the owner. We invite you to take a private tour to view this spectacular building and the opportunity to own a piece of the growing Broadway retail scene in Hamilton Heights. Just a few blocks to the 1-train, A/B/C/D trains, and local favorites such as Riverbank State Park with tennis, basketball, skating, and swimming. There is also a sophisticated food scene that has taken hold over the last five years and continues to grow with Columbia’s ever-expanding campus along the Broadway corridor. Be sure to contact the listing agent for more information.
3474 Broadway is currently used as a 20-foot-wide owner-occupied triplex with 6-bedrooms, 3-bathrooms plus a separate ground-floor commercial office that offers the owner above-average rental income. While the building has three floor-through, 2-bedroom apartments, the current owner uses all three apartments (which combine to 3,300 SF) to capture three separate and distinct areas of the home for sleeping, dining, and entertaining - just by keeping the doors open. The commercial unit, which is on the ground floor and completely separated from the residential portion of the building, is currently occupied by a dentist’s office, with a lease ending in July 2027, and currently offers the owner an astonishing $5267 in rental income (with 4% annual increases), plus 25% of the water bill, their own heat, and electricity, as well as their own snow removal, and cleaning. The total benefit to the owner comes to approximately $5,500 per month in effective income. You simply cannot get this much income with a single-floor in a residential building. This property has been recently updated and immaculately maintained, offering exceptional capitalization and ROI for your traditional investor (email us for the setup) or a turn-key house to move into for yourself. All floors feature an open-concept kitchen-living room layout with new appliances and fixtures, high ceilings, large windows, great storage space, and wonderful light all day long. The cellar level, which has laundry units, can also be used as a common storage area or private storage for the owner. We invite you to take a private tour to view this spectacular building and the opportunity to own a piece of the growing Broadway retail scene in Hamilton Heights. Just a few blocks to the 1-train, A/B/C/D trains, and local favorites such as Riverbank State Park with tennis, basketball, skating, and swimming. There is also a sophisticated food scene that has taken hold over the last five years and continues to grow with Columbia’s ever-expanding campus along the Broadway corridor. Be sure to contact the listing agent for more information.

Listing Courtesy of Compass

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Apartment Features

A/C
3474 Broadway Hamilton Heights New York NY 10031

Building Details [3474 Broadway]

Ownership Rental Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 2073/63
Building Type Townhouse
Year Built 1910
Floors 4

Building Amenities

Laundry Rooms
Non-Smoking Building
Sprinkler System
Stoop Entry

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2021 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.