New York (Hamilton Heights), NY, 10031 | $2,200,000

596 West 152nd Street presents a rare opportunity to acquire a classic Hamilton Heights multi-family townhouse in a highly convenient Upper Manhattan location. Delivered vacant, this is an ideal plug-and-play investment for buyers seeking immediate control, flexibility, and significant upside from day one. Situated just off Broadway, the property benefits from excellent access to public transportation, including the nearby 1 train, making commuting throughout Manhattan simple and efficient. The location is also well-positioned near Columbia University’s Manhattanville campus, Columbia University Irving Medical Center, and The City College of New York, supporting strong long-term rental demand from students, faculty, medical professionals, and neighborhood residents alike. For investors, the delivered-vacant aspect is especially compelling. Rather than inheriting legacy leases or below-market tenancy, a buyer can immediately renovate, reposition, and lease the asset to market. That creates a clean runway to optimize unit mix, finishes, and rental strategy, subject to all applicable approvals and regulations. Whether the goal is to create a stabilized cash-flowing asset, a long-term hold in a growing neighborhood, or a value-add rental play, 596 West 152nd Street offers the kind of flexibility that is increasingly difficult to find in Manhattan. Hamilton Heights continues to attract attention for its architectural charm, neighborhood character, and relative value compared with many downtown submarkets. The property’s proximity to major academic and medical institutions, neighborhood retail, and transit only strengthens its appeal as an income-producing asset with durable tenant demand. With the opportunity to deliver the building vacant, this offering is a compelling acquisition for investors looking to act quickly.

Features

  • Town: New York
  • Levels: 3
  • Rooms: 15
  • Bedrooms: 7
  • Baths: 5 full
  • Lot Size: 16.000000x74.920000
  • Laundry: See Remarks
  • Year Built: 1900
  • Approx Sq. Feet: 3,328
  • Est. Taxes: $3,264
  • View: City
  • Pet Policy: Building No,No
  • MLS#: RLS20079233
  • Days on Market: 72 days
  • Website: https://www.raveis.com
    /prop/RLS20079233/596w152ndstreet_newyork_ny?source=qrflyer
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All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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New York (Hamilton Heights), NY, 10031

$2,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,760,000 $1,760,000 $1,760,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment $272 $272 $272
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,855 $10,694 $14,733
Total Monthly Payment $10,252 $11,091 $15,130

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.