460 West 141 Street

Hamilton Heights, New York, New York 10031

$2,895,000  

Listing ID Number

25130

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 460 West 141st Street, a charming 4 story Beaux-Arts townhouse with a 4 story extension located on the south side of West 141st Street. The house is located within the heart of Hamilton Heights’ Historic District just a short stroll from both City College and St. Nicholas Park.

460 West 141st Street was constructed circa 1905 as one in a row of twelve alternating, red and off-white roman brick, houses spanning 452-474. The house’s beautiful brick façade and short stoop have been preserved along with the north facing views overlooking a quaint stretch of West 141st Street which creates the feel of community onto itself. Present ownership has meticulously maintained the property inside and out for over 25 years preserving a significant amount of detail including fireplaces with mantels, beautiful wainscoting and floors, the original wooden staircase, and a grand entrance with an ornate foyer. Features of the house include high ceilings, rich detail, roof top solar panels and sun drenched outdoor spaces protected by the low-rise nature of the surrounding townhouses to the north and south.

The house was converted to Class A apartments pursuant to a temporary Certificate of Occupancy in 2002 and is presently configured as a large open living space with a full kitchen and dining room on the ground floor and 5 apartments on the 2nd through 4th floors. The apartments consist of 4 large front-back units with en-suite bathrooms on the 2nd and 3rd floors and a floor through on the 4th floor. Each of the front-back apartments are connected via a shared door which can easily be opened to restore the house to 4 floor through apartments. Both the ground and second floor rear apartments have access to private, south facing, outdoor spaces and purchasers could seek to add a 3rd space on the roof.

The cellar, which is large with tall ceilings, currently serves as a combination of mechanical space, storage and a laundry room. Purchasers could easily recapture the cellar to increase the property’s usable space either as recreation space connected to a ground floor apartment or a finished basement in a single family home. In addition, the property possesses approximately 1,260 square feet of excess air-rights which could be used to add a partial 5th floor. Any plans for use of the excess air-rights will be subject to Landmarks Preservation Commission approval as the property lies within the Hamilton Heights Historic District.

460 West 141st Street’s distinct architectural character and tranquil location present a unique opportunity that will appeal to an array of purchasers interested in acquiring a well preserved townhouse. Purchasers will have the flexibly of operating the house as an investment property, creating a spacious owner’s unit while deriving supplemental income from the remaining rentals, or undertaking a conversion to a spectacular single family home. The property will be sold on an as-is, where-is basis.

*Ownership is in the process of receiving an updated Certificate of Non-Harassment (CNH). The prior CNH expired in December of 2016.

Overview

Building Type:Townhouses
Location:Hamilton Heights

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Hall Oster
Senior Managing Director
(212) 660 7723
hall.oster@cushwake.com

Robert M. Shapiro
Executive Managing Director
(212) 660 7717
robert.shapiro@cushwake.com

Teddy Galligan
Associate Director
(212) 589 5137
teddy.galligan@cushwake.com

Eric Roth
Senior Associate
(212) 660 7757
eric.roth@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.