Motivated Seller! Beautifully Renovated 4 Family Townhouse On Prime Harlem Block. Perfect for living with income or as a turn-key investment with plenty of upside. This five-story plus cellar home built on a 16.83' X 99.92' lot with a R7-2 zoning is currently configured with a large owner's duplex & three additional 1 bed units. The building is 100% leased with gross annual revenue of approximately $150,000. All of the leases are free market and expire in April 2018 with tenants who will be happy to stay. There is an additional 1,716 square feet of FAR that gives the new owner the opportunity to add square footage. The building is an ideal condo conversion for the savvy investor who wants to capitalize on the record breaking prices in the neighborhood. There is also a tremendous opportunity for an end-user to make a 2700+ sqft triplex plus basement & backyard with two additional rental apartments. All of the structural, electrical, water, sewer and fire updates were done in 2002 to meet NYC requirements. Further interior upgrades to the kitchen, bathrooms, floors and a newly painted exterior have been made in 2017. This townhouse is conveniently located on 126th Street between Adam Clayton Powell Boulevard and Lenox Avenue. You are just steps away from the 125th Street shopping corridor, the new Whole Foods Market & all major transportation lines (A,B,D,C,2,3).Contact us today to schedule your private tour!
Listing Agent: Steven Kramer
Courtesy of: Douglas Elliman 575 Madison Ave
Office Phone: 212.891.7000
Updated: 21st February, 2018 9:04 PM.
147 West 126th St New York, NY