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3474 Broadway #Building Manhattan, NY 10031
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Key Details
Sold Price $2,850,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $712
Subdivision Hamilton Heights
MLS Listing ID OLRS-0072505
Sold Date 04/27/22
Style Prewar
Bedrooms 6
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1910
Property Description
Open houses by appointment only.
3474 Broadway is currently used as a 20-foot-wide owner-occupied triplex with 6-bedrooms, 3-bathrooms plus a separate ground-floor commercial office that offers the owner above-average rental income.
While the building has three floor-through, 2-bedroom apartments, the current owner uses all three apartments (which combine to 3,300 SF) to capture three separate and distinct areas of the home for sleeping, dining, and entertaining - just by keeping the doors open.
The commercial unit, which is on the ground floor and completely separated from the residential portion of the building, is currently occupied by a dentist's office, with a lease ending in July 2027, and currently offers the owner an astonishing $5267 in rental income (with 4% annual increases), plus 25% of the water bill, their own heat, and electricity, as well as their own snow removal, and cleaning. The total benefit to the owner comes to approximately $5,500 per month in effective income. You simply cannot get this much income with a single-floor in a residential building.
This property has been recently updated and immaculately maintained, offering exceptional capitalization and ROI for your traditional investor (email us for the setup) or a turn-key house to move into for yourself.
All floors feature an open-concept kitchen-living room layout with new appliances and fixtures, high ceilings, large windows, great storage space, and wonderful light all day long. The cellar level, which has laundry units, can also be used as a common storage area or private storage for the owner.
We invite you to take a private tour to view this spectacular building and the opportunity to own a piece of the growing Broadway retail scene in Hamilton Heights. Just a few blocks to the 1-train, A/B/C/D trains, and local favorites such as Riverbank State Park with tennis, basketball, skating, and swimming. There is also a sophisticated food scene that has taken hold over the last five years and continues to grow with Columbia's ever-expanding campus along the Broadway corridor. Be sure to contact the listing agent for more information.
Location
State NY
County Newyork
Zoning R6
Interior
Heating Building Natural Gas, Natural Gas
Equipment Intercom
Fireplace No
Laundry Common Area
Exterior
View Y/N Yes
View City
Private Pool No
Building
Story 4
Others
Pets Description Building Yes, Yes
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RLS Data display by Coastal Property Advisors