596 W 152nd St 5 Unit Apartment Building $2,200,000 ($440,000/Unit) 7% Cap Rate New York, NY 10031

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.