550 West 149th Street is a vacant nine (9) unit building, located in the coveted Hamilton Heights area of West Harlem. The property boasts original details that a homebuyer will fall in love with--an interior that is full of seven (7) decorative fireplaces and woodwork from the early 19th Century. Investors have the opportunity to upgrade the existing units and achieve rents at $55.00 a net sq. ft. Alternatively, an end-user can occupy the renovated garden floor with private access to their own 850 sq. ft. backyard and receive strong cash flow by renting out the other units in the building. The property is within walking distance to the 1 subway line at 145th Street and Broadway as well as the A, B, C & D subway lines at 145th Street and Saint Nicholas Avenue. Future ownership can take advantage of a number of national and local retailers on Broadway, including, among others, Harlem Public, The Chipped Cup, The Handpulled Noodle, The Honeywell, Mamasushi, Subway, Duane Reade, Chase Bank, Sprint, McDonald's, Footlocker, AT&T, GNC & New York Sports Club. The property also benefits from its proximity to major academic institutions, such as Columbia University and its $6.3 billion Manhatanville Expansion Project, and City College of New York. Additional photos available upon request.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
