513 West 150th Street is a four-story brick multi-family townhouse located in the Hamilton Heights neighborhood of New York City, nestled between Broadway and Amsterdam Avenue. This property, along with its contiguous building at 515 West 150th Street, offers a unique investment opportunity with a total of approximately 7,212 sq. ft. of space and 30 ft of frontage. The building features seven SRO units, with a duplex unit on the ground floor, and three of the total fifteen units across both buildings will be delivered vacant, providing potential for immediate rental income or owner occupancy.
The property is conveniently situated near the City College of New York and is well-served by public transportation, with access to the A, B, C, and D subway lines at West 145th Street and St. Nicholas Avenue, as well as the 1 subway line at 145th and Broadway. This location enhances its appeal for both residents and investors, given the proximity to educational institutions and transit options.
Each unit within the building is approximately 436 sq. ft., with studios on the second and fourth floors featuring decorative fireplaces. The annual rent roll for the units indicates a steady income stream, with the potential for increased revenue as leases expire. The property also benefits from a basement boiler that supplies heat to both buildings, ensuring efficient management of heating costs.
Overall, 513 West 150th Street represents a solid investment opportunity in a growing neighborhood, with its combination of residential units, strategic location, and potential for value appreciation.