Douglas Elliman is excited to offer an enticing investment opportunity in an Opportunity Zone at 51 East 126th Street, located in East Harlem between Park and Madison Avenue. This brownstone boasts a generous building size of 3,812 square feet, standing 4 stories, 25 feet wide and 60 feet deep on a 25 x 100-foot lot.

Featuring approximately 7 units, this building promises a blend of space and potential. Zoned R7B, it offers a substantial unused FAR of 3,672. The current annual property taxes are set at $24,675. Priced at $1,299,000 for an immediate sale and delivered in as is condition. The seller's attorney has issued eviction notices to all occupants, marking the initial phase of the eviction process. Prospective buyers are advised to conduct thorough due diligence, including verifying unit mix and rent details with the Division of Housing and Community Renewal (DHCR). Additionally, the buyer will be responsible for settling delinquent real estate taxes, transfer taxes, assessments, outstanding violations, and unpaid utility bills. The seller will cover only the real estate broker fees. Cash offers only.

Located just one block from the 125th Street commercial hub, this property offers unparalleled access to multiple transit options including the 2, 3, 4, 5, 6 subway lines, Metro North, and a range of bus lines (M1, M101, M15-SBS, M60-SBS, M102, M2, M7). Additionally, it's in close proximity to key amenities like Whole Foods, Trader Joe's, Target, and a vibrant selection of shops, services, bars, and restaurants such as Red Rooster, Sylvia's, Corner Social, and more. With several new development projects on both sides of the block, and the upcoming Second Avenue Subway Phase Two, it's an ideal time to invest.