427 Convent Avenue, New York City, NY 10031
Listing Courtesy of Howard Hanna NYC
$2,450,000
Potential Rebate: $36,750
Overview
5%+ Cap Rate! User/Purchaser or Investor Friendly Opportunity
Welcome to the Sugar Hill Historic District of Hamilton Heights, a neighborhood filled with old growth trees and turn of the century townhouses sitting high above the valley of Central Harlem. Hamilton Heights is named after Alexander Hamilton, who built his home here. This is a neighborhood rich with history from jazz legends, the beautiful City College Campus and has 5 subway lines and 5 parks within a 10-minute walk of this 5-family townhouse.
The house, built in 1926 and renovated in 2016, is fully leased with market rate rents. On the garden level and parlor floor is a 3-bedroom, 3 bath duplex with high ceilings and exclusive access to the approximately 425 sq ft. garden and W/D. This can be used as an owner’s duplex- presently rented month to month. On the 3rd and 4th Floor are 2 Studios per floor. Setup sheet available on request.
The home has East and West Facing exposures that provide great natural light throughout the day and is located on a townhouse heavy section of the neighborhood- so even the garden level space gets great natural light not blocked by tall buildings. Low property taxes of just $647/month. Convent Avenue consists of mostly residential properties and the City College campus which limits vehicle traffic- so residents are treated to a much calmer, quieter and more desirable living experience.
All new building systems (boiler, roof, meters, etc) were installed when the building was renovated in 2016 and well maintained since. The house is built 16’ x 54’ on a lot that is 16’x85’. Gross Square Footage is 3,456 including the garden level.
Sugar Hill is Featured on the Harlem Stories Podcast!
Home Features
- •Building In Basement
- •Private Outdoor Space Under 60 Sqft
Estimated Monthly Payment
$12,753 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$36,750
Monthly savings impact
$102/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Howard Hanna NYC
Data Source: TRESTLE #RLS20057789
Price Analysis
Compare average listing prices and value metrics for 427 Convent Avenue against the surrounding Hamilton Heights market.
Average List Price
Price Per SqFt
1.06% Higher
than the Hamilton Heights price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Hamilton Heights.
Hamilton Heights
Overview of Hamilton Heights
Hamilton Heights is a historic hilltop neighborhood in West Harlem, stretching from 135th to 155th Streets. Named after Alexander Hamilton, whose home "The Grange" still stands here, it is loved for its academic vibe and stunning river views. For buyers seeking Hamilton Heights Manhattan real estate, the area offers architectural grandeur at a value.
Living in Hamilton Heights, Manhattan is scenic and hilly. The neighborhood is anchored by City College of New York (CCNY), giving it a collegiate atmosphere. As a charming Manhattan NYC neighborhood, it features winding streets, gothic architecture, and a quiet, leafy ambiance that feels removed from the chaos of downtown.
Real Estate & Housing Market
The market for homes for sale in Hamilton Heights is defined by its historic districts. The area is famous for its "Sugar Hill" limestone townhouses and spacious pre-war co-ops. These homes often feature original details like wainscoting and fireplaces that would cost millions more further south.
It attracts varied residents, from professors and artists to young families priced out of the Upper West Side. The value proposition is strong: diverse housing stock, park access, and express subway service make it a "smart money" location.
Lifestyle & Community
The lifestyle in Hamilton Heights is relaxed and intellectual. The presence of CCNY brings students and faculty to the local coffee shops and bars along Broadway and Amsterdam Avenue. The dining scene has matured, offering trendy gastropubs alongside classic soul food.
Community is strong here. The "Sugar Hill" legacy of the Harlem Renaissance is proudly celebrated. It is diverse and welcoming, with a mix of multi-generational families and newcomers blending in the beautiful local parks.
Transportation & Accessibility
Hamilton Heights offers excellent express transit. The A and D trains at 145th Street can whisk you to Columbus Circle in under 15 minutes. The 1 train serves the local stops along Broadway.
The geography is hilly, which can be a workout, but the elevation provides cool breezes and views. Biking along the Hudson River Greenway is a popular commute option for active residents.
Parks, Schools & Amenities
Riverbank State Park is a standout amenity—a 28-acre rooftop park built over a water treatment facility, offering an Olympic-sized pool, ice skating, and athletic fields. St. Nicholas Park also offers steep, dramatic green space with views of the gothic CCNY campus.
Amenities are solid, with grocery stores and services clustered on Broadway. The cultural amenity of The Grange helps anchor the neighborhood's history.
Who This Neighborhood Is Best For
Hamilton Heights is best for those who love pre-war architecture, academics, and river views. It is perfect for Upper West Side lovers who want more space for their money.
