321 Convent Avenue

$685,000
Multi Family Townhouse

AGENTS

Brian Phillips
  • Licensed Associate Real Estate Broker
V-Card

Property Description

Vacant and ready for an immediate sale! Located in the gold coast of the historic landmark of Hamilton Heights, on Convent Ave south of West 145th St, offered is a 3,681 square feet, 5 story, re-development opportunity. 20+/- feet wide by 57+/- ft built on a 20+/- by 100+/- ft lot this townhouse has a possible roof deck and a rear yard. 2,320+/- square feet of unused FAR. R6A zoning. In need of a full renovation and sold subject to existing DOB & ECB violations. Not an SRO. Videos provided upon request. Projected Rent: $3+/- per sqft per month x 3,681 sqft = $11,043 monthly income or $132,516 annual income (based on actual recent neighborhood rented comps). Projected annual expenses: $75,000+/-. Projected 4% cap rate. Walk to all including the A, B, C, D, #1 subway trains as well a Jackie Robinson Park, the Alexander Hamilton Grange in St Nicholas Park, Riverbank State Park, restaurants, supermarkets, and shops. Easy commute to Columbia University.
Show MoreShow Less

PROPERTY DETAILS

  • Interior
    3,681 Sq Ft.
  • Exterior
    .05 Acres
  • Property Type
    Multi Family Townhouse
  • MONTHLY REAL ESTATE TAX
    $2,016
  • Year Built
    1910
  • MLS/Listing ID
    H6219589
  • Days On Market
    108

Amenities

  • Patio
Show MoreShow Less

BUILDING/PROPERTY DETAILS

  • Air Conditioning
  • Backyard
Show MoreShow Less