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10-Unit Walk-Up Building | 80% Free Market | Hamilton Heights

$4,950,000

422 Saint Nicholas Avenue, New York, NY 10027

Active
Last Updated: 03/17/2025

7.04

Cap Rate

348,233

NOI

Details:
Cap Rate:    7.04%
NOI:    $348,233
Building Size:    13,326 sqft
Lot Area:    2,765 sqft
Zoning:    R8
Floors:    5
Highlights:
  • 10-unit walk-up building spanning 13,326 Square Feet in Hamilton Heights
  • Property contains eight (8) free-market units and two (2) rent controlled units
  • Protected Tax Class 2B - limiting property tax increases year over year
  • Spacious unit layout offering nine (9) four bedrooms, and one (1) six-bedroom unit
  • Well-maintained property with on-site laundry & two (2) recently renovated storage units
  • Excellent transportation access, just four blocks from the 125th Street train station, offering express service to Midtown
  • Close proximity to both City College and Columbia University, ideal for students, faculty, and professionals seeking convenient housing
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