556 W 150th St, New York, NY, 10031
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
Walker's Paradise
Rider's Paradise
Biker's ParadiseSchools
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
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
- Earthquake
- 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 | $10,618 | $127,416 |
| Home Insurance * | $7,059 | $84,708 |
| Property Taxes | $1,242 | $14,904 |
| Electricity | $776 | $9,312 |
| Total | $19,695 | $236,340 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-23 | Listed for sale | $2,100,000 |
| 2023-11-10 | Listing removed | -- |
| 2023-08-21 | Price change | $1,500,000 |
| 2023-08-18 | Price change | $1,895,000 |
| 2023-07-03 | Price change | $1,950,000 |
| 2023-06-24 | Listed for sale | $2,100,000 |
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