request_info_guest false
Street View
Map
1 Photo

31-Unit Multifamily Building in Hamilton Heights

$4,700,000

511 West 151st Street, New York, NY 10031

Active
Last Updated: 10/02/2025

7.13

Cap Rate

334,884

NOI

Details:
Cap Rate:    7.13%
NOI:    $334,884
Building Size:    26,630 sqft
Lot Area:    7,433 sqft
Units:    31
GRM:    6.97
Price Per Sqft:    $176
Price Per Unit:    $151,613
Zoning:    R7A
Highlights:
  • 31-unit, walk-up multifamily property spanning 26,630 SF
  • 27 rent-stabilized units (±75% of income) and 4 free market units (±25% of income).
  • Recent capital improvements include over $80,000 invested in parapet repairs and building-wide lighting upgrades, along with $30,000 in fire escape repairs (in progress)
  • Close proximity to transportation: Steps from the 1 and C subway lines, providing direct access to Lower Manhattan
  • Desirable unit mix: seven (7) one-bedrooms, nineteen (19) two-bedrooms, and five (5) three-bedroom apartments
  • Well-maintained asset with seven (7) recently gut-renovated/modernized apartments
  • Strong historical collections above 95%
Map:
Documents:
Title
Listing Setup
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery