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439 E 116th Street New York (Manhattan), NY 10029
$1,700,000
  • For Sale
  • 4 Bedrooms
  • 4 Full Baths
  • 2660 SqFt
  • Year Built 1900
  • Commercial
  • ML# 3573228

Property Details

Overview

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.

Key Facts

  • SqFt: 2660.00
  • Style: Other
  • Lot Sq Ft: 2660
  • Taxes: $5,914
  • Also for Rent: Yes
  • School District: Ampark Neighborhood
  • Block: 1710
  • Lot: 18

Additional Features

  • Construction Materials: Other
  • Parking Facilities: None
  • Wood Floors: Yes

Rooms & Floor Plans

  • Bedroom: 4
  • Full Bath: 4
  • Other: 7

Interior & Utilities

  • Heat: Other, See Remarks
  • A/C: None
  • Water: See Remarks
  • Sewer: Public Sewer

Financial

  • Taxes: $5,914
Listing Information provided courtesy of Coldwell Banker Reliable R E  718-921-3100
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS
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Cell: (516) 298-5382
Contact

JUDY FRUITBINE

Licensed Associate Real Estate Broker

Cell: (516) 298-5382 Email: jfruitbine@aol.com