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Bobby Gellert

[email protected] +1(914) 215-4307

$ 1,900,000

Est. payment -/mo

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Open Sun 1PM-2PM

439 E 116th ST New York, NY 10029

4 Beds

4 Baths

2,660 SqFt

OPEN HOUSE

Sun Nov 10, 1:00pm - 2:00pm

UPDATED:

11/02/2024 06:41 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,660 sqft

Price per Sqft $714

MLS Listing ID 3573228

Style Other

Bedrooms 4

Full Baths 4

Originating Board onekey

Rental Info No

Year Built 1900

Annual Tax Amount $5,914

Lot Size 2,613 Sqft

Acres 0.06

Lot Dimensions 19x100

Property Description

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.

Location

State NY

County Manhattan

Rooms

Basement See Remarks

Kitchen 4

Interior

Heating Other, See Remarks

Cooling None

Flooring Hardwood

Fireplace No

Appliance Microwave

Exterior

Garage None

Parking Type None

Garage false

Building

Sewer Public Sewer

Water See Remarks

Level or Stories Three Or More

Structure Type Other

New Construction No

Schools

Elementary Schools Ampark Neighborhood

Middle Schools Acad-Personal Ldshp And Excellence

High Schools Belmont Preparatory High School

School District Bronx 10

Others

Senior Community No

Special Listing Condition None

Listed by Coldwell Banker Reliable R E • 718-921-3100

Bobby Gellert

License ID: 49GE1011364

+1(914) 215-4307

Bobby Gellert

439 E 116th ST New York, NY 10029

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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439 E 116th ST