FOR SALE
218 111th MFTH
NewYork, East Harlem, New York City, NY
FOR SALE
Asking
$1,575,000
BTC
26.015
ETH
523.61
Beds
16
Baths
8
Home Size
6,092 sq. ft.
Year Built
1910
Alta Real Estate presents 218 East 111th Street.
This well maintained 25’ wide, 8 unit rental bldg is fully occupied and sits mid-block between 2nd and Third Avenues in East Harlem, just 2.5 blocks to the #6 Train on Lexington /110th Street. All units are railroad style 1 bed, 1 bath units and tenants pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases.
The property has been in the same family for over 40 years and represents a unique opportunity to purchase a cash flow positive property in an area of high rent demand. All units are rent stabilized, but one can be used for a family member or relative. Tenants pay their own electric. The property is built 25' × 60 ’ and has a private 1,000 sf backyard.
Great Investment opportunity with super low property taxes and a stable tenant base. Setup available upon request.
LOADING
Location
Market Area
NewYork
Neighborhood
East Harlem
Agents
Rick Kelly
+1 310 910 1722
Zachary Johnson
+1 310 910 1722