Elegran Real Estate

25 Hamilton Terrace

Tremendous upside potential to acquire this multi family building located on a tree-lined block in Historic Hamilton Heights.

Units:

- 8 total rental units (1 rent-stabilized)

- Four 1 bedroom units, four studios

- Most units have a dishwasher, and some laundry in unit

Investor Information:

- Rents are under-market, as is, and additional value can be created with adding appliances or modifying layouts

- Upon achieving market rents, cap rate will be 5.3%

- Potential condo-conversion play

- Expenses approximately $28,000

Building:

- Renovated in 2015

- New roof

- New intercom system

- Four total floors

- R6A zoning

- Building Size 4,000

- Lot dimensions 17 65 ft

Area:

- Historic Hamilton Heights area

- Subways: A C B D 1 3

- Parks: : St. Nicholas Park, Johnny Hartman Square, Frank White Neighborhood Service Center, Jackie Robinson Park, Bradhurst Urban Renewal Park

- Nearby colleges

Email or call for a set-up or a showing.

Listing Courtesy of Keller Williams NYCReport an Inaccuracy

Amenities

  • Garden
  • Garage
  • Laundry

Building

Address
25 Hamilton Terrace,
New York, NY,
Stories
4
Year Built
1910
Building type
Rental Property
Subways
A, B, C, D

Let's Talk

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