3 Bed 2.5 Bath Condo For Sale $999,000 2,431 sqft ($411 per sqft)
Broker: Robert D Pair Harlem Lofts Inc
In the current COVID-19 situation, business owners are looking for extra space to accommodate social distancing for their employees. This location pe
...read moreIn the current COVID-19 situation, business owners are looking for extra space to accommodate social distancing for their employees. This location perfectly fits that need. This spacious 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 at an low price per square foot of $541/SF. If purchased by an investor, it is optimally positioned to generate a 5% capitalization rate, offering exceptional value. The unit also comes with an additional 1000 square foot private garden.
This duplex consists of the two currently zoned commercial 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, all new plumbing and electrical systems and hardwood floors. The monthly common charge is estimated at an affordable $847, plus monthly taxes of $565.
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, and is currently enjoying a $4.4 million upgrade of outstanding quality, as part of the Parks Without Borders program. The property is located just a few steps from the 145th Street A/B/C/D express subway station, which gives a 15-minute ride to midtown.
This spacious duplex property represents a great opportunity, particularly in the current COVID-19 situation. Please note that this listing is for the duplex unit on the lower two floors of the building, rather than for the building in its entirety.
