71 Payson Avenue - Townhome - Inwood

71 Payson Avenue

A Glimpse Into 71 Payson Avenue 71 Payson Avenue is a once in a decade opportunity to own a private home with a generous footprint in Manhattan. A 3-unit home with detached garage offers a rare opportunity to blend Manhattan living with suburban amenities. Private and picturesque the home sits directly across from Inwood Hill Park, a 200 acre park in Northern Manhattan.

Currently configured as a 3 unit building comprised of a semi-ground level 1 bedroom/1 bathroom, generous common storage space, laundry room and the building mechanicals. The second floor has a large 2 bedroom/1 bathroom floor-through and on the third floor there is an expansivethree-bedroom/1.5 bathroom floor-through. The property offers the potential of being delivered as a turnkey investment generating income on Day 1 or can be delivered vacant awaiting your touch. Steps to wthe Inwood Greenmarket, shopping and transportation. Easy access to the Henry Hudson Parkway, New York Thruway, I-95 and the George Washington Bridge from your driveway.

Price: $2,850,000

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Across from Inwood Hill Park and close to Greenmarket, shopping and transportation.

Spacious garage and patio – Easy Manhattan Parking Private and picturesque views

Property Specs Stories: Three (3) Square Footage: 3,820 Sq Ft. (approximately) Real Estate Taxes: $947 Zoning / Max F.A.R: Block 2247, Lot 17, Zoning R7-2 4/6/22, 3:22 PM

Digital Tax Map - New York City Department of Finance

payson ave - Digital Tax Map - New York City Dept. of Finance (4/6/2022)

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maps.nyc.gov/doitt/webmap/print.htm?z=9&p=1004328,255315&a=DTM&c=dtm&f=CONDO_RANGE,LOT_FACE_SMALL&s=l:MANHATTAN,2247,17,EVER…

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Monthly Income

Annual Expenses

Unit

Type

Status

Monthly Rent

Annual

RE Tax

$11,366

1

1 Bedroom/ 1 Bath

Rented M to M

$1,350

$16,200

Utilities

$7,756

2

2 Bedroom/ 1 Bath

Rented M to M

$3,200

$38,400

Insurance

$6,000

3

3 Bedroom/ 1.5 Bath

Rented M to M

$3,575

$42,900

Total

$25,122

Garage

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Rented M to M

$250

$3,000

Total

———

———

$8,375

$100,500

Inwood Manhattan’s northernmost neighborhood is surrounded on three sides by the Hudson and Harlem Rivers, and building heights are limited, resulting in a laid-back, affordable enclave where one can live on a cul-de-sac. The area has a long-thriving Dominican population, meaning there’s no shortage of excellent Latin American fare, and in the warmer months, waterfront restaurants offer shuffleboard along with expansive views. Mom-and-pop stores still line the avenues, and locals are regularly spotted jogging the infamous 215th Street staircase, lined with Art Deco lamp posts. Inwood has the city’s only forest, at Inwood Hill Park, which also has miles of hiking trails, kayak launch sites, a marina, and even a resident bald eagle.

In The Neighborhood: • • • • •

Hiking trails, spotting a bald eagle The Cloisters Latin American restaurants Independent stores The 215th Street staircase, Peter Jay Sharp Boathouse

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1 Fine Fare Supermarkets 2 Williams Grocery Corp.

11 Inwood Library 12 Dyckman Farmhouse Museum

17 United States Postal Service 18 Town Drug Inc 19 Kron Pharma 20 Rite Aid 21 Inwood Animal Clinic

Restaurants & Coffee 3 Mamasushi 4 The Hudson 5 Uptown Crepes 6 Tryon Public House 7 Cañave 8 Cloister Grill 9 beans and vines 10 Starbucks

Recreation 13 Inwood Hill Park 14 Tread Bike Shop 15 Inwood Hill Park Tennis Courts 16 Citi Bike: Seaman Ave & Beak St

Lincoln Wettenhall Lic. Assoc. R.E. Broker O: 212.769.9833 | M: 917.662.9619 lwettenhall@elliman.com

elliman.com

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 © 2022 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.