CASH ONLY - DO NOT CONTACT TENANTS
Two beautiful, adjacent multifamily buildings with 166 ft Hudson River frontage.
Constructed as an elegant 8500sf single family home around 1880, 143 Second Avenue is now comprised of 2 two-bed units and 4 one-bed units, including a sprawling "penthouse" (former attic). The oversize yard is filled with perennials plus vegetable gardens that are maintained by several of the property's long-term tenants. Because it is sited on a double lot, there may be opportunity for further development. One of 143's key attractions is its communal riverfront deck. The boat hoist stays with the property. Your boat could be easily accessed from the deck by adding back a floating dock. (No longer present on property.)
Next door, 149-151 was built as a hotel in 1920. This side-by-side structure is now composed of 6 character-filled one-bedroom/one-bath units of varying sizes. The expansive basement may present an opportunity for an additional unit. Each unit offers a riverfront deck, making the property especially attractive to tenants. Sited on an oversize lot, there may be opportunity for further development.
Currently owned/managed remotely.
The demand for housing in this area is high. Between the property's location, and the quality of the units, vacancies never last long.
Each unit has one bathroom. Each unit has been updated/renovated in the last five years.
The penthouse space at 143 is currently used part-time by the owner and part-time as a short term rental for $1,500 per month. It has a large bedroom, an office, a sunroom and loft that could easily offer another bedroom with some reconfiguration. Additional reconfiguration is possible to combine this unit with a 2 bedroom located on the second floor, creating an ideal space for an owner-occupant.
Both buildings offer coin-op laundry facilities in the basement.
2025 Rent Roll: $150,000
2024 Net income: $ 83,000