764 Saint Nicholas AveNew York, NY 10031

This exceptional 2,431 square foot duplex commercial condominium, located at 764 Saint Nicholas Avenue, #C1/C2 in New York City's Hamilton Heights/Sugar Hill Historic District, presents a compelling investment opportunity. The property, built in 1890 and renovated in 2008, boasts two units currently vacant and available for occupancy starting November 15, 2023. With a permitted commercial zoning, the property offers flexibility for various uses, including office, medical, retail, or daycare. The asking price is $649,000, translating to a price per square foot of $266.97 and a price per unit of $324,500. The property features central HVAC and updated electrical, plumbing, water, drain, and sprinkler systems. Low monthly common charges of $933 and taxes of $663 contribute to a strong pro-forma NOI of $56,207 and a pro-forma cap rate of 8.66%. The property also includes private access to a 1,000 square foot backyard and access to a shared roof deck. Its convenient location near the 145th Street A/B/C/D express subway station and Jackie Robinson Park adds to its appeal. Architectural plans for potential residential conversion are available. This property is ideal for an owner-user or investor seeking a high-return investment in a desirable neighborhood. The lot size is 2,500 square feet.