617 W 142nd St, New York, NY, 10031
About This Home
**Huge Upside Opportunity- High End Gut Renovated 3 Unit Multifamily on Hamilton Height's Best Block** Fully Occupied with Lease Expirations This Year- 5-6% Cap Rate Projection with New Market Rents This Architectural Masterpiece features 3 Ultra Modern Rental Units, featuring Washer/Dryers, Split HVAC Central Air, and Stainless Steel Condo Grade Finishes. Each Unit Features Outdoor Space- Ground Level has a Huge Backyard, 2 Upper Units feature Balconies. #1- 4 Bed/3.5 Bath. Current Rent- $5000/month Projected Monthly Rent: $6500 #2- 2 Bed/2 Bath + Home Office. Current Rent- $3200/month Projected Monthly Rent: $3800 Potential to Convert to 3 Bedroom: $4200 #3- 2 Bed/2 Bath + Home Office. Current Rent- $3200/month Projected Monthly Rent: $3800 Potential to Convert to 3 Bedroom: $4200 Current Annual: $136,800 Projected Annual as is: $169,200 Projected Annual with Conversions: $178,800 Low Monthly Taxes and Maintenance Costs. Tenants Pay for Electricity, only Water covered by Owner.
Getting Around
Walker's Paradise
Rider's Paradise
BikeableSchools
Construction
Condition
- Year built: 1910
Materials
- Roof: Roof Rights
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Washer/Dryer
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 7
- 1/2 bathrooms: 1
Cooling
- Cooling features: Central Air
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 4,608
- Total interior livable area: 4,608 sqft
Property
Details
- Parcel number: 020890121
- Special condition: Resale
Features
- Patio & porch: Other,Terrace
- Exterior features: Balcony,Garden,Terrace
- Has view: Yes
- View description: City,Garden
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New York County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $17,192 | $206,304 |
| Home Insurance * | $11,430 | $137,160 |
| Property Taxes | $2,011 | $24,132 |
| Electricity | $761 | $9,138 |
| Total | $31,394 | $376,728 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-07-22 | Price change | $3,400,000 |
| 2024-09-27 | Price change | $2,999,999 |
| 2024-09-06 | Price change | $3,200,000 |
| 2024-05-21 | Listed for sale | $3,495,000 |
| 2019-06-18 | Listing removed | $4,250,000 |
| 2019-06-07 | Listed for sale | $4,250,000 |
| 2018-12-02 | Listing removed | $2,390,000 |
| 2018-05-15 | Listed for sale | $2,390,000 |
| 2017-05-17 | Sold | $1,700,000 |
| 2006-11-28 | Sold | $981,000 |
| 1999-07-23 | Sold | $111,000 |
| 1996-06-04 | Sold | $185,000 |
View on Zillow