508 W 157th Street - Entire building for sale $1,900,000
Built in 1854, this property in Washington Heights is a 3 story (5 levels in total) SRO registered as a Multi-family brick residence. The property will be delivered vacant and with DHCR’s in process. The current layout is 6 bedrooms, 3.5 baths, and 3 kitchens. The lot includes, rare, large outdoor space in the rear and an enclosed patio in the front at the garden level. There is also a cellar below the garden level that houses utilities and storage.
508 is one of only a few available brownstones on the market. It is the only current building that will be delivered vacant with DHCR’s in process. Once the Certificate of Non-Harrasment has been processed and granted, alterations will be possible for the new owner. There is also an opportunity to allow for this building to be designated as a 3-family home. Inquire for details.
The location is also parked between a 1 train a block away (at 157th & Broadway), a C train 3 blocks away and surrounded by more than 7 bus lines. With a new supermarket and a rapid influx of coffee shops, restaurants, and shopping, the area is attracting an increasing amount of new residents seeking proximity to schools, and local fixtures, as well as easy access to anywhere in Manhattan. Similar buildings in the area have been renovated to embody the purchasers dream home or rented as a collection of studios.
Washington Heights is a rapidly developing neighborhood with tremendous upside.
The neighborhood is filled with historical landmarks and community features such as the Jumel Mansion, The Hispanic Society of America’s Museum and Library, and the Sugar Hill Children’s Museum. The property is exceptionally located between Boricua College, City College, and Columbia University and Hospital with each no more than 10 minutes away.