House With 3 Beds 2 Bathrooms

This spacious 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 at a low price per square foot of $411/SF. It is optimally positioned to generate a 5% capitalization rate, offering exceptional value. The unit also comes with an additional 1000 square foot private garden, and access to the shared roof deck.This duplex consists of the two currently zoned commercial 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, all new plumbing and electrical systems and hardwood floors. The monthly common charge is estimated at an affordable $933, plus monthly taxes of $612.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, and is currently enjoying a $4.4 million upgrade of outstanding quality, as part of the Parks Without Borders program. The property is located just a few steps from the 145th Street A/B/C/D express subway station, which gives a 15-minute ride to midtown.This spacious duplex property represents a great opportunity. Please note that this listing is for the duplex unit on the lower two floors of the building, rather than for the building in its entirety.*Virtual Tour Available Click Here for Full Listing Details