764 Saint Nicholas Avenue, C1/C2

Hamilton Heights   |   West 145th Street & West 150th Street

Condo [Voice Intercom]
$ 1,145,000
Rooms 5
Bedrooms 3
Bathrooms 2.5
Status Active
Real Estate Taxes [Monthly] $ 565
Common Charges [Monthly] $ 847
Financing Allowed 90%
Listing ID: 164816

Property Description

This beautiful 2,431 square foot (SF) duplex commercial condominium located on the garden and basement level of 764 St. Nicholas Avenue in the Hamilton Heights/Sugar Hill Historic District is presented at an enticingly low price per square foot of $541/SF. As such it is positioned to generate a 5% capitalization rate, offering exceptional value for an investor. The unit also comes with an additional 1000 square foot private garden.

This duplex consists of the two currently zoned commercial units on the lower two levels of the building, which have been combined. In addition to the high square footage, low price per square foot and outstanding capitalization rate, the duplex features central HVAC, all new plumbing and electrical systems and hardwood floors. The monthly common charge is estimated at an affordable $847, plus monthly taxes of $565.
An intriguing alternative strategy for this property would be to convert the duplex to residential usage, to produce a spacious family home for a very attractive price (please see Architect Letter of Opinion on our website), or residential rental units.

The Hamilton Heights/Sugar Hill neighborhood is renowned for its graceful architecture and vibrant lifestyle, with nearby shopping and restaurants. For recreation, Jackie Robinson Park is just one block east, and is currently enjoying a $4.4 million upgrade of outstanding quality, as part of the Parks Without Borders program. The property is located just a few steps from the 145th Street A/B/C/D express subway station, which gives a 15-minute ride to midtown.

This large duplex condominium property represents a fantastic opportunity. Please note that this listing is for the duplex commercial condominium on the lower two floors of the building rather than for the building in its entirety.





This beautiful 2,431 square foot (SF) duplex commercial condominium located on the garden and basement level of 764 St. Nicholas Avenue in the Hamilton Heights/Sugar Hill Historic District is presented at an enticingly low price per square foot of $541/SF. As such it is positioned to generate a 5% capitalization rate, offering exceptional value for an investor. The unit also comes with an additional 1000 square foot private garden.

This duplex consists of the two currently zoned commercial units on the lower two levels of the building, which have been combined. In addition to the high square footage, low price per square foot and outstanding capitalization rate, the duplex features central HVAC, all new plumbing and electrical systems and hardwood floors. The monthly common charge is estimated at an affordable $847, plus monthly taxes of $565.
An intriguing alternative strategy for this property would be to convert the duplex to residential usage, to produce a spacious family home for a very attractive price (please see Architect Letter of Opinion on our website), or residential rental units.

The Hamilton Heights/Sugar Hill neighborhood is renowned for its graceful architecture and vibrant lifestyle, with nearby shopping and restaurants. For recreation, Jackie Robinson Park is just one block east, and is currently enjoying a $4.4 million upgrade of outstanding quality, as part of the Parks Without Borders program. The property is located just a few steps from the 145th Street A/B/C/D express subway station, which gives a 15-minute ride to midtown.

This large duplex condominium property represents a fantastic opportunity. Please note that this listing is for the duplex commercial condominium on the lower two floors of the building rather than for the building in its entirety.






Listing Courtesy of Harlem Lofts, Inc.

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Apartment Features

A/C [Central]
Washer / Dryer

Outdoor

Private Garden
764 Saint Nicholas Avenue Hamilton Heights New York NY 10031

Building Details [764 Saint Nicholas Avenue]

Ownership Condo
Service Level Voice Intercom
Access Walk-up
Pet Policy No Pets
Block/Lot 2053/123
Building Size 20'x69'
Building Type Townhouse
Age Pre-War
Year Built 1890
Floors/Apts 5/4
Lot Size 20'x125'

Building Amenities

Backyard

Building Statistics

$ 471 APPSF

Active Sale Listings

$ 36 APPSF

Rented Listings [Last 12 Months]

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. ©2020 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.