Rare opportunity to acquire an income-producing multifamily building in the heart of Hamilton Heights, one of Upper Manhattan's most desirable and rapidly evolving neighborhoods. Whether you are a first-time investor or an experienced landlord seeking to expand your portfolio, this property offers a compelling combination of stable cash flow, recent capital improvements, and future upside potential.
This well-maintained three-story walk-up consists of eight residential units, including one studio apartment and seven one-bedroom apartments. The building benefits from a recently installed boiler and features a spacious gut-renovated cellar, presenting an excellent opportunity to introduce additional tenant amenities such as laundry facilities, private storage, bicycle storage, or other value-enhancing improvements.
Ideally located near major transportation, Columbia University, New York-Presbyterian Hospital, Riverside Park, and the vibrant restaurants and cafés that define Hamilton Heights, the property continues to benefit from strong rental demand and long-term neighborhood growth.
With its attractive unit mix, prime location, and opportunities for increased revenue, 556 West 150th Street represents an outstanding investment opportunity in one of Manhattan's most sought-after residential markets.
CAP Rate: 4.7%
For additional information or to schedule a private showing, please contact Blair Robinson.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.