514 West 142nd Street, New York (Hamilton Heights), NY, 10031 | $1,999,999

All opens houses are by appointment only, please contact us to schedule a viewing prior to showing up to the property.

Not only is this property a 6% cap rate, but it's also eligible for a first time home buyer program that includes 15% down, No PMI, and below market interest rates.

Description: This stunning five-story townhouse located on a picturesque tree-lined block in Harlem is a rare find, boasting nearly 5, 000 square feet of prime real estate at an irresistible price. This classic multi-family townhouse offers an excellent opportunity for families looking for more space while also generating income from free-market tenants.

What sets this property apart is the impressive four-bedroom owner's triplex with garden access, which spans almost 3, 000 square feet and features radiant heat on the lowest floor. This owner's unit is perfect for families seeking more space and looking for a comfortable living arrangement. Additionally, the building comes with central air, separate gas meters, and separate electric meters for added convenience.

With oak hardwood floors throughout, there is plenty of room to accommodate a variety of living arrangements. This property also includes two floor-through two-bedroom units, making it an excellent investment for those seeking rental income.

Conveniently located a few steps away from fashionable Convent Avenue and City College, this townhouse is also within close proximity to transportation options including the A/B/ C/D and 1 subway lines, and the M3, M5 and M100 bus lines. Riverside Park, City College of New York, Columbia Medical Center, New York Presbyterian, and local restaurants are also within reach, making this townhouse the perfect choice for families looking for a spacious and convenient living space in the heart of Harlem.

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