Property Description

This renovated two-bedroom South Harlem condominium presents a compelling opportunity for both homeowners and investors alike. Delivered vacant, the residence offers the flexibility to move right in or immediately generate income, depending on your strategy.For investors, projected performance reflects an estimated 4.5% cap rate with strong first-year cash-on-cash potential based on current market rents of approximately $3,700/month. LLC purchasing is permitted, and the condominium structure supports leasing with board approval and a standard Right of First Refusal, offering greater flexibility than more restrictive ownership types.Defined layout. Flexible second bedroom. Western light where it matters. Thoughtful functionality throughout. This efficiently arranged two-bedroom South Harlem residence at St. Nicholas Court is well-positioned for both end-user comfort and consistent rental performance.A proper entry foyer creates a natural separation from the main living space and immediately stands out with custom wall-mounted shoe racks-a highly practical and rarely seen built-in feature that maximizes storage while keeping the home organized from the moment you arrive.The living and dining area is comfortably proportioned, allowing for a variety of furniture configurations while maintaining a clean, usable footprint for both everyday living and entertaining. The adjacent renovated kitchen is polished and functional, featuring stainless steel appliances, recessed lighting, ample cabinetry, and a garbage disposal-an operational convenience not commonly found in comparable homes.Both bedrooms are tucked away for privacy and benefit from western exposure, bringing in consistent afternoon and evening light. The primary bedroom features mirrored closets and comfortably accommodates a queen-sized bed and additional furnishings. The second bedroom offers flexibility as a guest room, home office, or additional sleeping space, supporting a variety of living or rental configurations.The updated bathroom features floor-to-ceiling tilework, a glass shower partition, a modern vanity with integrated storage, and clean contemporary finishes designed for durability and ease of maintenance.Located in South Harlem just blocks from Central Park North, the home is moments from the Harlem Meer, Conservatory Garden, and the North Woods-key lifestyle drivers for both residents and tenants. Transportation is highly convenient with the nearby 2 and 3 express subway lines providing direct Midtown access in approximately twelv

Property Features

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