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556 W 150th St, New York, NY, 10031

8beds
8baths
4,696sqft
$2,100,000
$447price/sqft
$19,695/moest. monthly cost
$787,800/yrincome needed

About This Home

Rare opportunity to acquire an income-producing multifamily building in the heart of Hamilton Heights, one of Upper Manhattan's most desirable and rapidly evolving neighborhoods. Whether you are a first-time investor or an experienced landlord seeking to expand your portfolio, this property offers a compelling combination of stable cash flow, recent capital improvements, and future upside potential. This well-maintained three-story walk-up consists of eight residential units, including one studio apartment and seven one-bedroom apartments. The building benefits from a recently installed boiler and features a spacious gut-renovated cellar, presenting an excellent opportunity to introduce additional tenant amenities such as laundry facilities, private storage, bicycle storage, or other value-enhancing improvements. Ideally located near major transportation, Columbia University, New York-Presbyterian Hospital, Riverside Park, and the vibrant restaurants and cafés that define Hamilton Heights, the property continues to benefit from strong rental demand and long-term neighborhood growth. With its attractive unit mix, prime location, and opportunities for increased revenue, 556 West 150th Street represents an outstanding investment opportunity in one of Manhattan's most sought-after residential markets. CAP Rate: 4.7% For additional information or to schedule a private showing, please contact Blair Robinson.

Getting Around

98
WalkingWalker's Paradise
100
TransitRider's Paradise
90
BikeBiker's Paradise

Schools

6/10
8/10
Ms 319 Marie TeresaGrades 6-80.9 mi

Construction

Condition

  • Year built: 1903

Type & Style

  • Home type: SingleFamily
  • Property subType: Rental Unit

Interior

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 8
  • Full bathrooms: 8

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 4,696
  • Total interior livable area: 4,696 sqft

Property

Details

  • Special condition: Resale