547 W 159th St Unit HOUSE New York, NY 10032

This solidly structured vacant townhouse is ready to be renovated and become the investment property or home of your desire.  For investors: convert this into a 1-family up to a 5-family; many layouts and options are available.  As currently built, there is over 3000 sf of livable space, plus a large back yard that could be transformed into a spectacular garden space, or use the extra space for an extension. Approximately 2000 sf of additional FAR may be available. For the individual or family homeowner: build a duplex or triplex to live in with additional rental units to offset your cost of living and expenses and increase the investment value of the property.  The property is an SRO; however, the owner has already acquired a Certificate of No Harassment.  Additionally, the current owner has architectural plans for a 5-family on file with DOB and expects to deliver the building with an open approved permit. A full analysis of rent rolls and operating expenses, included in our sell sheet, along with the existing plans on file with DOB can be found in the pdf marked "floorplan" above. This building is situated in Washington Heights just a few blocks away from the Sugar Hill Historic District, giving you a great location without the higher price tag. The new Harlem Public on 149th and Broadway is a short 10-block walk and the new Il Cafe Latte on 145th just east of Amsterdam is only 14 blocks away. You are also close to New York Presbyterian Children?s Hospital and Columbia University Medical Center. The 1 train is around the corner and so is the C train giving you easy access to most of Manhattan. This is a beautiful area, situated between Two Riverside Drives Park and Highbridge Park.

Bring your cash offers and/or 203K Loan Approvals as this property won't last.

Click on PDF that reads Floor Plan above for a detailed rent roll, expense, and income analysis.

Building Features

Lot: 15' x 99.92'

Lot s.f. ~ 1499

Building: 15' x 52'

Additional s.f. ~ yes; can be added

Building s.f. ~ 3120

FAR as built ~ 2.21

Max Far ~ 3.44

Year Built circa 1905

School District 6 - PS 4 and PSJHS

** All information is gathered from a third-party source and is deemed reliable.