Located in the heart of Hamilton Heights, 511 West 151st Street presents a rare opportunity to acquire a well-maintained, income-generating multifamily asset in one of Manhattan’s most architecturally rich and transit-accessible neighborhoods. This five-story, 31-unit walk-up spans 26,630 square feet and sits on a 75' x 100' lot with R7A zoning and 3,102 square feet of unused air rights, offering future development potential. The unit mix includes seven one-bedrooms, nineteen two-bedrooms, and five three-bedroom apartments, with 27 rent-stabilized units contributing approximately 75% of income and four free-market units contributing the remaining 25%. Seven units have undergone full gut renovations, enhancing appeal and rental upside. Recent capital improvements exceed $110,000, including parapet repairs, building-wide lighting upgrades, and ongoing fire escape enhancements. Financially, the property generates a potential gross annual income of $674,021, with a net operating income of $334,884 and a cap rate of 7.13%. Operating expenses are well-managed at 47% of scheduled gross income. The building benefits from strong historical collections above 95%, underscoring its operational stability. Positioned steps from the 1 and C subway lines, the property offers direct access to Lower Manhattan and is surrounded by cultural landmarks such as City College, Riverbank State Park, and Jackie Robinson Park. With a Walk Score of 96 and Transit Score of 100, this location is ideal for tenants seeking convenience and vibrancy.