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764 Saint Nicholas Ave

2,431 SF Office/Medical Condo Unit Offered at $649,000 in New York, NY 10031

Investment Highlights

  • Commercial condominium in outstanding condition and at a LOW PRICE PER SQUARE FOOT of $267/SF!
  • Can also be reverted back to residential status for the possibility of even higher returns using existing plans
  • Optimally positioned to generate an 8.7% CAPITALIZATION RATE for the Buyer!

Executive Summary

This 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 in outstanding condition and at a LOW PRICE PER SQUARE FOOT of $267/SF! As such, this property is optimally positioned to generate an 8.7% CAPITALIZATION RATE for the Buyer! The unit also comes with private access to a private 1000 square foot back yard, and access to the shared roof deck! While this is currently a commercial condominium, an investor can also consider reverting back to residential status for the possibility of even higher returns. To this end, architect's plans for the conversion are in the accompanying Due Diligence folder for this listing, and in the Floorplans Section. Some accompanying images are virtually staged as commercial or residential to illustrate both potential scenarios, and are marked as such This duplex consists of the two 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, and benefits from updated electrical, plumbing, water, drain and sprinkler systems, which were all replaced during the 2008 renovation. The monthly common charge is estimated at a very affordable $933, plus low monthly taxes of $663. 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, currently enjoying a $4.4 million upgrade of outstanding quality. The property is also located just a few steps from the 145th Street A/B/C/D express subway station, offering a 15-minute ride to midtown. With its exceptional condition, low price per square foot and expenses, and excellent location, this spacious property represents a great opportunity for either a commercial or residential developer or end-user! Contact the listing brokerage Harlem Lofts today for your private appointment. * Please note that this listing is for the duplex unit on the lower two floors of the building * Number of bedrooms/bathrooms is taken from the residential architect's plans - see listing

Data Room Click Here to Access

Property Facts

Price $649,000
Unit Size 2,431 SF
No. Units 1
Total Building Size 5,202 SF
Property Type Retail (Condo)
Property Subtype
Storefront Retail/Office
  • General Retail Veterinarian Kennel
  • Office Medical
  • Office Office Residential
Sale Type Investment or Owner User
Building Class C
Floors 2
Typical Floor Size 2,601 SF
Year Built 1926
Lot Size 0.06 AC

1 Unit Available

Unit C1/C2

Unit Size 2,431 SF
Price $649,000
Price Per SF $266.97
Condo Use Office/Medical
Sale Type Investment or Owner User
Cap Rate 8.70%
NOI $56,463
Description

Showings are by appointment - please contact the listing brokerage Harlem Lofts Inc for your private tour.

This 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 in outstanding condition and at a LOW PRICE PER SQUARE FOOT of $267/SF!  As such, this property is optimally positioned to generate an 8.7% CAPITALIZATION RATE for the Buyer!  The unit also comes with private access to a private 1000 square foot back yard, and access to the shared roof deck!  

While this is currently a commercial condominium, an investor can also consider reverting back to residential status for the possibility of even higher returns.  To this end, architect's plans for the conversion are in the accompanying Due Diligence folder for this listing, and in the Floorplans Section.  Some accompanying images are virtually staged as commercial or residential to illustrate both potential scenarios, and are marked as such


This duplex consists of the two 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, and benefits from updated electrical, plumbing, water, drain and sprinkler systems, which were all replaced during the 2008 renovation. The monthly common charge is estimated at a very affordable $933, plus low monthly taxes of $663.

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, currently enjoying a $4.4 million upgrade of outstanding quality. The property is also located just a few steps from the 145th Street A/B/C/D express subway station, offering a 15-minute ride to midtown.

With its exceptional condition, low price per square foot and expenses, and excellent location, this spacious property represents a great opportunity for either a commercial or residential developer or end-user!  Contact the listing brokerage Harlem Lofts today for your private appointment.

* Please note that this listing is for the duplex unit on the lower two floors of the building
* Number of bedrooms/bathrooms is taken from the residential architect's plans - see listing

Sale Notes

Showings are by appointment - please contact the listing brokerage Harlem Lofts Inc for your private tour.

This 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 in outstanding condition and at a LOW PRICE PER SQUARE FOOT of $267/SF!  As such, this property is optimally positioned to generate an 8.7% CAPITALIZATION RATE for the Buyer!  The unit also comes with private access to a private 1000 square foot back yard, and access to the shared roof deck!  

While this is currently a commercial condominium, an investor can also consider reverting back to residential status for the possibility of even higher returns.  To this end, architect's plans for the conversion are in the accompanying Due Diligence folder for this listing, and in the Floorplans Section.  Some accompanying images are virtually staged as commercial or residential to illustrate both potential scenarios, and are marked as such


This duplex consists of the two 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, and benefits from updated electrical, plumbing, water, drain and sprinkler systems, which were all replaced during the 2008 renovation. The monthly common charge is estimated at a very affordable $933, plus low monthly taxes of $663.

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, currently enjoying a $4.4 million upgrade of outstanding quality. The property is also located just a few steps from the 145th Street A/B/C/D express subway station, offering a 15-minute ride to midtown.

With its exceptional condition, low price per square foot and expenses, and excellent location, this spacious property represents a great opportunity for either a commercial or residential developer or end-user!  Contact the listing brokerage Harlem Lofts today for your private appointment.

* Please note that this listing is for the duplex unit on the lower two floors of the building
* Number of bedrooms/bathrooms is taken from the residential architect's plans - see listing

Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Amenities

  • Metro/Subway
  • Air Conditioning

Nearby Major Retailers

Super Foodtown of Bradhurst
Bank of America
New York Sports Clubs
Starbucks
Citi
Checkers
Capital One Bank
Key Food
Rent-A-Center
Chase Bank

zoning

Zoning Code R7-2, Manhattan (M9)
R7-2, Manhattan (M9)
  • Listing ID: 32287010

  • Date on Market: 6/28/2024

  • Last Updated:

  • Address: 764 Saint Nicholas Ave, New York, NY 10031

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