Description

This impressive 20-foot-wide townhouse presents a prime opportunity for both investors and end-users. Offering the flexibility to occupy one residence while earning substantial income from three additional units from day one, it's a smart choice for those seeking both lifestyle and financial return. In addition, its desirable central location, combined with significant unused floor area ratio (FAR) offer exciting potential for future development and long-term appreciation.

Configured as a 4-family brownstone, the property features one spacious, tastefully renovated apartment per floor, each designed with modern aesthetics and functionality in mind:

Apt 1: 1 bedroom + alcove, 1.5 baths, with private outdoor space

Apt 2: Junior 2 bedrooms, 2 full baths, washer/dryer, and dishwasher

Apt 3: 2 bedrooms, 2 full baths, washer/dryer, and dishwasher

Apt 4: 2 bedrooms, 2 full baths, washer/dryer, and dishwasher

Additionally, the property includes a large, clean basement with a bathroom, office, and mechanical room.

Building details:

Lot size: 1,998 sq. ft.

Lot dimensions: 20 ft x 99.92 ft

Building dimensions: 20 ft x 59 ft

Approx. 4,720 total sq. ft.

Unused FAR: 2,153 sq. ft.

The townhouse has benefited from significant renovations, including an updated entry hallway and new staircase, new boiler, new hot water tanks, upgraded gas pipes and electrical systems, and new Class A double-pane energy-efficient windows. A new outdoor gate and video camera system are also in place. All units feature modern kitchens and bathrooms, renovated between 2015 and 2018. The basement is freshly painted and offers substantial storage space, with the potential to be incorporated into Apartment 1 to create a spacious duplex. The sun-filled (south-facing) backyard is large, open, and easily accessible - perfect for relaxation or entertaining.

In summary:

A strong rent roll, low taxes, and substantial unused FAR for future expansion make this property an exceptional investment opportunity. Ideally situated near the 125th Street 2/3/A/B/C/D subway lines and vibrant commercial corridors - including Whole Foods, Trader Joe's, Target, and CVS - this asset offers a rare blend of comfort, convenience, and long-term financial upside.

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