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764 Saint Nicholas Avenue C1/C2, New York, NY, 10031

For Sale

$849,000 USD
$849,000 USD
  • 3 Beds
  • 2 Baths
  • 2,431 Sqft
  • Condo
Open House
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Property Summary for 764 Saint Nicholas Avenue Español?

$663 USD
School District

Description for 764 Saint Nicholas Avenue

This 2,431 square foot (SF) duplex commercial condominium located on the garden and basement level of 764 St. Nicholas Avenue in the Hamilton Heights/Sugar Hill Historic District is presented in outstanding condition and at a LOW PRICE PER SQUARE FOOT of $349/SF! As such, this property is optimally positioned to generate a 6.6% CAPITALIZATION RATE for the Buyer! The unit also comes with private access to a private 1000 square foot back yard, and access to the shared roof deck! While this is currently a commercial condominium, an investor can also consider reverting back to residential status for the possibility of even higher returns. To this end, architect's plans for the conversion are in the accompanying Due Diligence folder for this listing, and in the Floorplans Section. Some accompanying images are virtually staged as commercial or residential to illustrate both potential scenarios, and are marked as suchThis duplex consists of the two units on the lower two levels of the building, which have been combined. In addition to the high square footage, low price per square foot and outstanding capitalization rate, the duplex features central HVAC, and benefits from updated electrical, plumbing, water, drain and sprinkler systems, which were all replaced during the 2008 renovation. The monthly common charge is estimated at a very affordable $933, plus low monthly taxes of $663.The Hamilton Heights/Sugar Hill neighborhood is renowned for its graceful architecture and vibrant lifestyle, with nearby shopping and restaurants. For recreation, Jackie Robinson Park is just one block east, currently enjoying a $4.4 million upgrade of outstanding quality. The property is also located just a few steps from the 145th Street A/B/C/D express subway station, offering a 15-minute ride to midtown.With its exceptional condition, low price per square foot and expenses, and excellent location, this spacious property represents a great opportunity for either a commercial or residential developer or end-user! Contact the listing brokerage Harlem Lofts today for your private appointment, or book at the appointment link on this page.* Please note that this listing is for the duplex unit on the lower two floors of the building* Number of bedrooms/bathrooms is taken from the residential architect's plans - see listing* Virtual Tour and Video are also included - see above Click Here for Full Listing Details
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Features for 764 Saint Nicholas Avenue

Building Features
  • units: 6
  • Multi Level
  • Loft
Interior Features
  • Fireplace
Lot Features
  • Garden
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Additional Information About 764 Saint Nicholas Avenue C1/C2, New York, NY, 10031

764 Saint Nicholas Avenue C1/C2, New York, NY, 10031 is currently for sale for the price of $849,000 USD. Its located in the Harlem neighborhood and is part of the 5 school district. 764 Saint Nicholas Avenue C1/C2, New York, NY, 10031 has 3 bedrooms and 2 bathrooms and a total size of 2,431 square feet.