274 West 132nd Street is a historic brownstone built in 1910, located in a well-kept neighborhood with a strong community association. Currently configured as a Single Room Occupancy (SRO) building, it presents a unique opportunity for homeowners and investors alike. The property is sold 'As Is' and will be delivered vacant, allowing for customization or conversion into a multi-family income producer. The lot measures 17 x 99, making it ideal for a two-family conversion or other development possibilities.
The building features original details and character, with a full cellar that includes separate electric meters and storage. Its prime location offers close proximity to Columbia University and The City College of New York, making it attractive for students and faculty. Residents can enjoy easy access to the 125th commercial corridor, which is home to the world-famous Apollo Theatre, Whole Foods, and a variety of international dining options. Public transportation is readily available, with multiple subway lines and Metro North just steps away.
Currently, the property has a strong rental history, with projected income exceeding $190,000 per year through Airbnb, based on a 75% occupancy rate. The current owner has submitted an application for a Certificate of Non-Harassment, which could facilitate future development or conversion plans. This building not only offers a solid investment opportunity but also the potential for a custom home in a vibrant and culturally rich neighborhood.