218 E 111th St New York, NY 10029

THE SOURCE OF THIS LISTING INFORMATION DID NOT ORIGINATE FROM THE RLS. PLEASE CONTACT AGENT TO VERIFY. Alta Real Estate presents 218 East 111th Street.This well maintained 25' wide, 8 unit rental bldg is fully occupied and sits midblock between 2nd and Third Avenues in East Harlem, just 2.5 blocks t...o the #6 Train on Lexington /110th Street. All units are railroad style 2 bed, 1 bath units and tenants pay for their own electric.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. 7 of the 8 units are rent stabilized, and one of the units is a free market apartment. 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. Please contact Rick Kelly of Alta Real Estate Continue reading