453 W 140th St | New York, NY 10031
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453 W 140th St
New York, NY 10031
Hamilton Heights Prime Asset · Multifamily Property For Sale · 4 Units
Investment Highlights
- Newly renovated, all electric, individual hot water heaters, split system air conditioning, washer/dryer in each unit.
Executive Summary
Discover this 18-foot wide, 68-foot deep, 4-family row house treasure in Harlem’s coveted Hamilton Heights landmark, perfectly situated on one of the area’s most desired blocks and conveniently located near CUNY & Columbia University.
This all-electric townhouse blends classic pre-war charm and modern convenience. It features three expansive 2-bedroom apartments, each with a floor-through design, split HVAC system, dishwasher, microwave and in-unit laundry. One unit even offers a private terrace deck, ideal for relaxation or entertaining. The available duplex dwelling, spanning the first two levels, boasts a well-equipped kitchen on each floor-both furnished with a dishwasher and microwave. Additionally, there’s a full bathroom on each level, moreover, a dedicated home office, and an exclusive backyard. It genuinely feels like having two units in one given the design. It also is fitted with a split HVAC system and in-unit washer & dryer. All 4 units are adorned with hardwood floors and recessed lighting. Electricity charges are the responsibility of the tenants.
The building is further accentuated with eight decorative fireplaces, including one in a cozy sitting room in the lobby. The structure benefits from entirely new plumbing, electrical systems, meters, panels, sewage lines, hot water heaters, and HVAC systems.
The 4 apartments collect $15,400 in gross monthly rent, marking this property as a top-tier investment. 3 two year leases expire in 2025.
Location is everything! Situated across from CUNY and just around the corner from a vibrant selection of restaurants, delis, cafes, pubs, as well as essential services on Amsterdam Ave. Broadway offers an array of more restaurants, shops & services, as well as the #1 train. One subway stop from the Columbia University campus. A short distance from St Nicholas Park, Jackie Robinson Park, Riverbank State Park, and NY Sports Club. The southbound M100 and M101 buses on Amsterdam Ave turn east on W125 St, making stops for the A, B, C, D, 2, 3, 4, 5, and 6 trains, as well as Metro-North, providing access to the Harlem Whole Foods, Trader Joe’s, Wonder and more.
This all-electric townhouse blends classic pre-war charm and modern convenience. It features three expansive 2-bedroom apartments, each with a floor-through design, split HVAC system, dishwasher, microwave and in-unit laundry. One unit even offers a private terrace deck, ideal for relaxation or entertaining. The available duplex dwelling, spanning the first two levels, boasts a well-equipped kitchen on each floor-both furnished with a dishwasher and microwave. Additionally, there’s a full bathroom on each level, moreover, a dedicated home office, and an exclusive backyard. It genuinely feels like having two units in one given the design. It also is fitted with a split HVAC system and in-unit washer & dryer. All 4 units are adorned with hardwood floors and recessed lighting. Electricity charges are the responsibility of the tenants.
The building is further accentuated with eight decorative fireplaces, including one in a cozy sitting room in the lobby. The structure benefits from entirely new plumbing, electrical systems, meters, panels, sewage lines, hot water heaters, and HVAC systems.
The 4 apartments collect $15,400 in gross monthly rent, marking this property as a top-tier investment. 3 two year leases expire in 2025.
Location is everything! Situated across from CUNY and just around the corner from a vibrant selection of restaurants, delis, cafes, pubs, as well as essential services on Amsterdam Ave. Broadway offers an array of more restaurants, shops & services, as well as the #1 train. One subway stop from the Columbia University campus. A short distance from St Nicholas Park, Jackie Robinson Park, Riverbank State Park, and NY Sports Club. The southbound M100 and M101 buses on Amsterdam Ave turn east on W125 St, making stops for the A, B, C, D, 2, 3, 4, 5, and 6 trains, as well as Metro-North, providing access to the Harlem Whole Foods, Trader Joe’s, Wonder and more.
PROPERTY FACTS
| Price Per Unit | $900,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.45% | Lot Size | 0.04 AC |
| Sale Conditions | 1031 Exchange | Building Size | 4,863 SF |
| Gross Rent Multiplier | 21.62 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment |
| Price Per Unit | $900,000 |
| Sale Type | Investment |
| Cap Rate | 4.45% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 21.62 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,863 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1920 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+2 | 1 | $5,000 | - |
| 2+1 | 3 | $3,450 | - |
PROPERTY TAXES
| Parcel Number | 2057-0138 | Improvements Assessment | $82,910 |
| Land Assessment | $86,400 | Total Assessment | $106,669 |
PROPERTY TAXES
Parcel Number
2057-0138
Land Assessment
$86,400
Improvements Assessment
$82,910
Total Assessment
$106,669
zoning
| Zoning Code | R6A, R7-2, New York (R6 - Medium density residential district, R7 - Medium-density apartment house district with lower parking requirements) |
| R6A, R7-2, New York (R6 - Medium density residential district, R7 - Medium-density apartment house district with lower parking requirements) |
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