GUT RENOVATED TWO FAMILY TOWNHOUSE. We are excited to present the disposition of 528 W 175th Street, a two family unit which currently has one basement unit occupied and the top unit will be delivered vacant. The strong demand for sales and rentals continues to drive the residential market in Washington Heights, offering investors and/or developers the opportunity to acquire an asset with considerable long-term upside as either a long term rental property or condominium conversion in the coming years. The property is a 3,500 sqft duplex, containing 2 fully renovated residential units. The upper duplex is a 3 bedroom layout, master ensuite, in-unit washer and dryer with open kitchen and oversized bay windows in the living room with in-wall fireplace. The lower duplex is a 2 bedroom layout with a 700+ sqft private outdoor space, a recreation room in basement and private laundry. The lower duplex apartment is currently being rented. The property is a 18 x 94.67 lot with R7-2 zoning and includes 80ft of air rights for expansion. The building was constructed in 1901 and was renovated in 2018. The subject property offers an existing rent roll in place with working professionals currently living on an 18-month lease. The property is perfectly situated within distance to public transportation, the new George Washington Bus Terminal, Highbridge Recreation Center, Yeshiva University Campus and Columbia University School of Nursing.
Courtesy of: Compass
Office Phone: 646-609-9890
Listing Agent: Christina Maldonado
Updated: 25th May, 2020 2:28 AM.
528 W 175th Street New York, NY