534 W 149th St
New York, NY 10031

On this leafy Northern and excellent street, definitely one of the neighborhood's best, a standout multi-family investment opportunity with expansion potential is offered by a diligently maintained brownstone that will be delivered vacant, allowing its next owner to establish their current market rents, enhance the unit mix, or reconfigure if desired. The building and block present as a best-in-show prospect. For both investors and end-users, there is an advantage of occupying one or more units while capitalizing on income from additional units, all of which are in renovated condition.
One of Manhattan's most historic districts, now and a century ago, is this especially popular Hamilton Heights in West Harlem. Home to many significant events, many extraordinary people, and much of New York's most stunning architecture.
It is head turning to notice that one place could contain all that magnificence.
534 West 149th Street, in Renaissance Revival style, is understated, elegant, and eye-catching indeed. The curb appeal of the facade is captivating, as is the fenestration featuring two-sided bumped-out bay windows. But it is the entrance where the architect made the statement with a wonderful columned stone portico, and entrance surround which is a full stone basement enframement beneath the high stoop with historic wrought-iron door that presents a welcoming introduction to what lay within. The historic elements in the building's entryway are worth noticing. The original staircase with wood banisters and the galvanized steel domed central skylight. The wood-paneled and transom-covered vestibule and front door are also rich in originality.
A gated front yard offers a sheltered storage space, and designated areas for trash, recycling, and compost. The cellar contains a clean mechanical room and multiple storage areas. The lot also features a beautiful backyard and gardens. The building has a substantial composition and is designed in a unique way. Constructed as four-stories plus lower-level, there is a quartet of free-market units, each individualized with appealing kitchens and full bathrooms.
The Garden Level showcases the prime unit (which can be combined or left separate) where there is basement access that provides a terrific opportunity to create a fitting and multi-functional space. Both the lower level and the Garden Unit lead to the wonderful rear yard, highlighted by mature shade trees and gardens, seasonal flowers, and a paved patio. The Garden and Parlor, which boast a lofty 11.1-foot ceiling, are floor-through residences designed with supplemental extension rooms. The second and third floor units are surprising with special alcoves and a terrace on top of a tree. The English basement cellar is still contemplating its exciting customization.
A few lovely touches and focal points throughout the units are handsome fixtures, oak wood flooring, exposed brick walls, nooks, crannies, moldings, transoms, trims and closets, great-looking decorative fireplaces with inset mirrors over the mahogany mantles, and sundry oversized and picturesque windows. The condition of everything is excellent and the low taxes per year are surprising. The units are equipped with separately metered heating and electrical systems; the building is fully sprinkled, and all apartments are in good condition.
A key opportunity to possess a piece of Harlem's historic past and vibrant future is available with this perfectly placed property that offers charm, neighborhood, and profitability. Get to know the allure of Hamilton Heights and the promise of a sound investment.
This wonderful community is within minutes away from all the best of what New York City has to offer and is well located for fast and easy bridge, tunnel, and highway access in and out of Manhattan. The express and local trains and buses are all nearby. Your essential amenities are all within blocks. In terms of the various cuisines and spirits, whether you fancy a first-rate, quick, or casual-style meal, all are accessible in this popular and preferred neighborhood.
It should be noted that while the house can be transferred without leases or vacancies, it is good to realize that the building is currently fully occupied. To maintain cash flow while the purchaser realizes goals should one care to reposition the property, all occupants have appreciated their long-term tenancy and would be delighted to stay on as stellar tenants and respectful neighbors. Providing references is something we would be happy to do. This makes it a hassle-free investment opportunity for both experienced investors and newcomers to the householding market. Whether you're a seasoned developer looking to add to your portfolio or just eager to embark on your real estate journey, this smart opportunity to expand and acquire is worth taking advantage of.
In a thriving and coveted Manhattan neighborhood that is constantly evolving, this property is a solid asset.
I would be pleased to introduce you.
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