RealtyLens
for saleRealtyLens property overview
$2,300,000

427 Convent Ave

Manhattan, NY, 10031
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7Beds
7Baths
2,688Sqft
$856$/sqft

Listing Notes

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 owners 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 16x85. Gross Square Footage is 3, 456 including the garden level. Sugar Hill is Featured on the Harlem Stories Podcast!

Market Insights

Above nearby median+66%

$856/sqft vs a nearby median of $515/sqft.

Nearby median$515/sqft
Nearby properties12
Property size2,688 sqft
  • +66% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 2,688 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$1.38M$1.26M$1.51M · 50% confidence
vs ask $2.30M+$916k (+39.8%)

Asking price is about 39.8% above where comps + adjustments land — there is room to negotiate.

$486/sqft median across 7 tight comps × 2,688 sqft= $1.31M
  • Transit access+$52k +4.0%
  • Pre-war character+$33k +2.5%
  • Visible condition issues−$7k −0.5%
Cumulative NYC adjustments+$78k+6.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position+66% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
15 days
Last price change
No change recorded
Listed
Apr 27, 2026
Photos
18 photos
Property type
multi family
Status
for sale
Last sold
Mar 1, 2017 · $2,420,000

Features & Amenities

Two Or More StoriesHigh CeilingRental PropertyDenPark

Photos

Building Facts

Year built
1926
Stories
3
Total units
5
Residential units
5
Building area
2,688 sqft
Lot size
1,360 sqft
Land use
Multi-family walk-up buildings
Building class
C2

From NYC public records where available.

Price History

May 4, 2026Initial record
$2,300,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.