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Mixed-Use SRO Building in Hamilton Heights

$ 1,350,000

719 Saint Nicholas Avenue,

Property Id : 19922
Price: $ 1,350,000
Building Type: Mixed-Use SRO Building
Lot Dimensions: 18.92' x 100'
Lot Sq Ft: 1892
Zoning: R6A/C1-4
Stories: 5
Residential Units: 12
Retail Units: 1
Neighborhood: Hamilton Heights
Cross Street: West 145th Street & Saint Nicholas Avenue

About this property

ONE Commercial Realty Services has been retained on an exclusive basis for the sale of 719 Saint Nicholas Avenue. The subject property is a 19’ wide mixed-use walk-up SRO building located in the heart of Hamilton Heights on Saint Nicholas Avenue between West 145th Street and West 146th Street. The landmarked building is 5,260 SF and boasts 11’ to 12’ ceilings, and unique architectural features. The property consists of one (1) ground floor retail unit totaling 1,239 SF that is currently vacant. There are also twelve (12) residential units, three (3) of which are currently occupied. The adjacent property at 721 Saint Nicholas Avenue was recently redeveloped into a four (4) unit boutique condominium with sellouts projected upwards of $1,050 SF. Additionally the ground floor retail at 721 Saint Nicholas was recently sold to a bar/restaurant operator, strengthening an evolving retail corridor.

The property is situated just one block north of the A, B, C, & D subway lines at 145th Street and Saint Nicholas Avenue. Residents can take advantage of a number of national retailers on 145th Street, including: Starbucks, Duane Reade, Chase Bank, and New York Sports Club. The building also benefits from its close proximity to major academic institutions such as Columbia University and its Manhatanville Expansion Project and City College just five blocks south. 719 Saint Nicholas Avenue represents a prime opportunity for investors and owner-users alike.

View: 719 St. Nicholas Avenue Setup

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