Total Rooms: 5
Pet Policy: Case By Case
Building & Unit Features
764 Saint Nicholas Ave - Office/Retail-For Lease!!This beautiful 2,431 square foot (SF) duplex commercial condominium located on the garden and basement level of 764 St. Nicholas Avenue in the Hamilton Heights/Sugar Hill Historic District is presented at an enticingly low price per square foot of $541/SF. As such it is positioned to generate a 5% capitalization rate, offering exceptional value for an investor. The unit also comes with an additional 1000 square foot private garden.
This duplex consists of the two currently zoned commercial units on the lower two levels of the building, which have been combined. In addition to the high square footage, low price per square foot and outstanding capitalization rate, the duplex features central HVAC, all new plumbing and electrical systems and hardwood floors. The monthly common charge is estimated at an affordable $847, plus monthly taxes of $565.
An intriguing alternative strategy for this property would be to convert the duplex to residential usage, to produce a spacious family home for a very attractive price (please see Architect Letter of Opinion on our website), or residential rental units.
The Hamilton Heights/Sugar Hill neighborhood is renowned for its graceful architecture and vibrant lifestyle, with nearby shopping and restaurants. For recreation, Jackie Robinson Park is just one block east, and is currently enjoying a $4.4 million upgrade of outstanding quality, as part of the Parks Without Borders program. The property is located just a few steps from the 145th Street A/B/C/D express subway station, which gives a 15-minute ride to midtown.
This large duplex condominium property represents a fantastic opportunity. Please call Robert (‘Robb’) Pair or Janita Mercado today at Harlem Lofts for your private showing. Please note that this listing is for the duplex commercial condominium on the lower two floors of the building rather than for the building in its entirety.