25’ Wide Semi-Detached Mixed-Use Building with Private Backyard – Prime Location! Special Financing Available for 1-4 Family Residential Conversion! This is an excellent opportunity for developers, investors, or end users to transform this property. It is ideal for maximizing returns or customizing your space, and...
25’ Wide Semi-Detached Mixed-Use Building with Private Backyard – Prime Location! Special Financing Available for 1-4 Family Residential Conversion! This is an excellent opportunity for developers, investors, or end users to transform this property. It is ideal for maximizing returns or customizing your space, and financing options are designed to accommodate conversion projects. Mixed-Use Three-Family Building 6.16% Cap Rate “AS IS” Sale Zoning allows for a 6-story building (total potential of 7,800 sq feet) (FAR): R7A (4)FAR as built 1.28 Unused buildable Square Footage: 5,304 Lot Size 30ft x 65ftBuilding Dimensions 25ft x 50ftApproximately 2,500 sqft 2 Stories 1st Floor: Retail + 2 Bed 1.5 Bath Apartment w/backyard 2nd Floor: Studio Suite + 2 Bed 1 Bath Apartment w/ washer/dryer Property Tax $5,589 Annual Rent Roll of $104,148 This rare opportunity in the heart of Harlem offers unmatched convenience, just steps from the 1 and ABCD trains, City College, and minutes to Columbia University Hospital. Surrounded by Harlem and Hamilton Heights’ best dining options, this property is perfectly positioned for solid returns. A turnkey investment with flexible possibilities: maintain or reimagine the current configuration for various potential uses. It is ideal for end users looking to operate a business in the front while living comfortably in the back or upstairs. Priced to sell and sold AS IS. Inquire today and conduct all due diligence.
Courtesy of Compass
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