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Howard Hanna NYC

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Listing Courtesy of ALTA Real Estate

$ 1,495,000

Est. payment -/mo

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Pending

218 E 111TH Street Manhattan, NY 10029

16 Beds

8 Baths

6,092 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 6,092 sqft

Price per Sqft $245

Subdivision East Harlem

MLS Listing ID RLS20032244

Bedrooms 16

Full Baths 8

HOA Y/N No

Year Built 1910

Annual Tax Amount $7,140

Property Sub-Type Multi Family

Property Description

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 residents pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases. Current income minus expenses is 2X the return from buying a similar one unit apartment. This well priced asset is an incredible opportunity to own 8 units for the price of one with fantastic longterm upside for generations to come

Location

State NY

County New York

Rooms

Basement Other

Interior

Interior Features Smoke Free

Cooling Other

Fireplace No

Laundry In Unit

Exterior

View Y/N No

View Other

Porch None

Private Pool No

Building

Dwelling Type Townhouse

Story 4

New Construction No

Others

Pets Allowed Pets Allowed

Tax ID 1660-0040

Ownership None

Monthly Total Fees $595

Special Listing Condition Standard

Pets Allowed Building Yes, No

RLS Data display by Elegran Real Estate

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