547 W 159th St, New York, NY 10032

6 beds5 baths3,000 sqft Edit

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Sold: $999,999
Sold on 06/18/14
Zestimate®: $4,009,118
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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This solidly structured vacant townhouse is ready to be renovated and become the investment property or home of your desire. For investors: convert this into a 1-family up to a 5-family; many layouts and options are available. As currently built, there is over 3000 sf of livable space, plus a large back yard that could be transformed into a spectacular garden space, or use the extra space for an extension.Approximately 2000 sf of additional FAR may be available. For the individual or family homeowner: build a duplex or triplex to live in with additional rental units to offset your cost of living and expenses and increase the investment value of the property. The property is an SRO; however, the owner has already acquired a Certificate of No Harassment. Additionally, the current owner has architectural plans for a 5-family on file with DOB and expects to deliver the building with an open approved permit. A full analysis of rent rolls and operating expenses, included in our sell sheet, along with the existing plans on file with DOB can be found in the pdf marked "floorplan" above. This building is situated in Washington Heights just a few blocks away from the Sugar Hill Historic District, giving you a great location without the higher price tag. The new Harlem Public on 149th and Broadway is a short 10-block walk and the new Il Cafe Latte on 145th just east of Amsterdam is only 14 blocks away. You are also close to New York Presbyterian Childrens Hospital and Columbia University Medical Center. The 1 train is around the corner and so is the C train giving you easy access to most of Manhattan. This is a beautiful area, situated between Two Riverside Drives Park and Highbridge Park. Bring your cash offers and/or 203K Loan Approvals as this property won't last.Click on PDF that reads Floor Plan above for a detailed rent roll, expense, and income analysis.Building FeaturesLot: 15' x 99.92'Lot s.f. ~ 1499Building: 15' x 52'Additional s.f. ~ yes; can be addedBuilding s.f. ~ 3120FAR as built ~ 2.21Max Far ~ 3.44Year Built circa 1905School District 6 - PS 4 and PSJHS** All information is gathered from a third-party source and is deemed reliable.  More Less 

Facts

  • Lot: 1,474 sqft
  • Townhouse
  • Built in 1905
  • Views: 3,090 all time views
  • Last sold: Jun 2014 for $999,999
  • Last sale price/sqft: $333

Features

  • Garden

      Additional Features

      • Four Floors of living space; basement and backyard!

      Construction

      • Roof type: Other
      • Stories: 3
      • Structure type: Other
      • Unit count: 3

      Other

      • Floor size: 3,000 sqft
      • Lot depth: 99
      • Lot width: 14
      • Parcel #: 21180058
      • Zillow Home ID: 31553538

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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      $4,009,118
      +$135,689 Last 30 days
      $2.49M
      $5.81M
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $9,694/mo
      -$553 Last 30 days
      $2.4K
      $14K
      Zestimate range

      Popularity on Zillow

      3,090 all-time views
      of this home (chart)
       

      Comparable Homes

      Homes like this sold for $2.21-2.83M.

      $1.94M
      $3.1M
       

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      Neighborhood

      Market guide

      Zillow predicts Washington Heights home values will rise 7.2% next year, compared to a 2% increase for New York as a whole. Among New York homes, this home is valued 680.7% more than the midpoint (median) home, but is valued 16.5% less per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In Washington Heights, the number of foreclosures waiting to be sold is 87.5% less than in New York, and 99% lower than the national average. This lower local number could help Washington Heights home values rise more quickly than other regions in New York.

      Learn more about forecast calculations or Washington Heights home values.
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        Nearby Schools in New York

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        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

        Data by GreatSchools.org