OPEN HOUSE BY APPOINTMENT 24hr NOTICE!
OWNER SAYS SELL! - INVESTMENT OPPORTUNITY
CURRENTLY RENTED THRU AIRBNB - PROJECTED CAP RATE OF 7.6% with a 75% OCCUPANCY RATE generating income over $190,000/year!
DELIVERED VACANT with excellent income history and a high projected annual rent roll, this property is delivered in very good condition while consistently generating high income. The rent roll can be provided upon request.
Located on a gorgeous tree-lined street between Frederick Douglass Blvd & Adam Clayton Powell Jr. Blvd, this four-unit brownstone is currently set up for investors but, with some alterations, the new owner could create an owner's duplex with two rental units or convert the building back to a single-family home.
Currently an SRO... the current owner has an APPLICATION SUBMITTED for Certificate of Non-Harassment.
Close proximity to Columbia University and The City College of New York, this location is ideal for prudent investors. For many years, students and faculty have rented the 4 FREE MARKET income-producing units at 274 West 132nd Street.
Built in 1910, this Brownstone has been carefully maintained and has a full cellar with separate electric meters & storage. Close proximity to the 125th commercial corridor near the World-famous Apollo Theatre, Whole Foods, banks/shopping and an array of international dining choices. Steps to 2,3,4,5,6,A,B,C,D trains & Metro North
Courtesy of: Douglas Elliman 1995 Broadway
Office Phone: 212.362.9600
Listing Agent: Cord Stahl
Updated: 17th February, 2020 2:30 AM.
274 West 132nd St New York, NY