Open House:
Sunday, 11/10 1:00-2:00PM
Prime Free Market 4-Family Real Estate Opportunity in the Heart of East Harlem Nestled in the historic neighborhood of East Harlem, this distinguished 4-Family property presents a unique investment opportunity for discerning buyers. Boasting a substantial four-unit composition, this property is thoughtfully configured with four, 1-Bedroom 1-Bath apartments that host an additional office space in each unit. The property also features a generous backyard area and a basement level with dimensions of 19 feet by 35 feet, the total square footage stands at an impressive 2,660 ft.?, promising ample space for tenants and lucrative returns for investors. The best value yet is there is an additional 3,086 ft.? of unused FAR available to add on. Highlights & Values: ? Optimal Flexibility: The property will be delivered 100% vacant, allowing potential owners to tailor the space according to their preferences and investment goals. ? Prime Location: Centrally located in East?Harlem, this property sits at the nexus of convenience and charm. The iconic East River Plaza, home to Costco, Marshalls, Old Navy, Aldi & more is a stone's throw away. This neighborhood offers a vibrant mix of shopping, dining, and entertainment options. ? Efficient Transit & Connectivity: Benefit from seamless transportation options, making daily commutes and leisurely travels equally convenient.? ? Solid Income Potential: Given its size, location, and unit mix, this property is poised to provide a steady and significant income stream, making it a coveted asset for those looking to bolster their real estate portfolio. Take the plunge into East Harlem's real estate market with this gem, perfectly positioned to offer both charm and profitability. Discover the allure of Harlem and the promise of a sound investment.
Property being sold "As Is" One 1 bedroom apartment on first floor, 14 SRO's on 2nd, 3rd, and 4th floors. 1 full bath on each floor.
Property to be delivered as is, with tenants. All cash sale.
We are thrilled to present this outstanding investment opportunity - a trio of buildings available for sale as a package deal. These three SRO buildings, comprising 12 units, 8 units, and 12 units, are nestled in the heart of East Harlem's most historic and sought-after neighborhood. Located at 150/152 & 154 E. 105th St, these attached buildings span over 40 feet in width and feature a sprawling backyard space. Moreover, they boast over 8,000 sq ft of unused FAR (Floor Area Ratio), offering limitless potential and substantial intrinsic value. Currently, the buildings are home to a total of 32 rentable spaces, with approximately 75% occupancy. Leases vary between 12-month terms and month-to-month arrangements, providing flexibility for the future.
The median home value in New York, NY is $730,300. This is lower than the county median home value of $1,187,100. The national median home value is $338,100. The average price of homes sold in New York, NY is $730,300. Approximately 6.41% of New York homes are owned, compared to 83.34% rented, while 10.26% are vacant. New York real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a New York real estate agent to arrange a tour today!
New York, New York 10029 has a population of 80,866. New York 10029 is less family-centric than the surrounding county with 14.7% of the households containing married families with children. The county average for households married with children is 25.3%.
The median household income in New York, New York 10029 is $33,901. The median household income for the surrounding county is $93,956 compared to the national median of $69,021. The median age of people living in New York 10029 is 38.4 years.
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 26.5 degrees. The average rainfall is approximately 47.9 inches per year, with 26.1 inches of snow per year.