423 W 146th St New York, NY 10031

NEW PRICE ADJUSTMENT

Hamilton Heights is Hot and so is this convertible 4-family (NOT an SRO) opportunity.

The existing configuration is as a follows: 2 floor-through apartment, 1 owner duplex on the parlor floor and 1 studio on the ground floor - which can be modified very easily to a full owner's floor-thru duplex while collecting rent from the upper 2 floor-thru apartments. They are in excellent condition since the building was full renovated in 1996.

All leases are month-to-month so the new proud owner has maximum flexibility and ease of execution of any future plans for the building.

Taxes are remarkable low at just $6,050. The mechanicals were converted to gas and a new ConEd main electrical feed was installed in 2017, in addition to new windows. So that any plans to update the building will not involve major updates to the mechanicals, windows nor the electricity, greatly lower the overall renovation cost.

Transportation (half-a-block to subway):
Hamilton Heights, considered one of the faster going neighborhood hub for its easy access by subways (1, A, B, C, D) and Highways (Westside Hwy, Harlem River Dr., Deegan Exp. and Riverside drive), great housing stocks at reasonable price. It is situated just above the Upper Westside and located in the heart of Columbia mega expansion program.

Detail Description:
Residential Units: 4 Units
Each unit is independently metered for gas and electric.
Below Grade (Cellar): Floor-Through (Mechanicals) very high legal ceiling that can be recovered and add to total building square foot
Above Grade (Garden Level): Studio apartment (with rear access to Garden) and back-end of parlor floor duplex with garden access and full-bathroom and bedroom.
Second Floor (Parlor Level): Upper-level of duplex 2 bedroom, Kitchen, 1 and 1/2 Bathroom
Third Floor: 2 Bedrooms, Floor-Through, Kitchen, Bathroom
Fourth Floor: 2 Bedrooms, Floor-Through, Kitchen, 2 Bathroom and roof deck accessible from within apartment

Building Foot Print: 14.33ft X 53.00ft Plus (759sf of extension)
Building Class: C3 (Four Families)
Backyard Garden Space: 660sf
Property Tax: $6,050

The existing structure is 3,000 sq ft but zoning allows for 4,296 sq ft. an additional 1,296 sq ft.
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