542 147Th St New York, NY 10031

This exceptional investment opportunity presents a 16-unit apartment building at 542 West 147th Street in the desirable Hamilton Heights neighborhood of Manhattan, New York (zip code 10031). The property boasts a total of approximately 12,575 square feet situated on a 3,747 square foot lot, and is zoned R7A. The five-story building comprises a mix of apartment sizes: three 2-bedroom units, six 3-bedroom units, and seven 3-bedroom units. Recent renovations include updated kitchens featuring stainless steel appliances and in-unit washer/dryers. Currently operating at below-market rents, this stabilized investment offers significant potential for rental income growth. The building benefits from its proximity to the Broadway and Amsterdam Avenue retail corridors, providing residents with convenient access to local amenities and restaurants. Furthermore, its location offers easy access to public transportation, including the 1, B, C, and D subway lines and numerous bus routes. Nearby attractions include City College of New York, Riverbank State Park, Hamilton Grange National Monument, and Dance Theatre of Harlem. This 70% free-market building presents a compelling opportunity for investors seeking a cash-flowing asset with substantial upside potential. The asking price is $4,800,000, translating to $381.71 per square foot and $300,000 per unit.