439 E 116th ST Active Save Request In-Person Tour Request Virtual Tour
New York (manhattan),NY 10029
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,660 sqft
Price per Sqft $639
MLS Listing ID KEYL3573228
Style Other
Bedrooms 4
Full Baths 4
Originating Board onekey2
Rental Info No
Year Built 1900
Annual Tax Amount $5,914
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 New York (manhattan)
Rooms
Basement See Remarks
Interior
Heating Other,See Remarks
Cooling None
Flooring Hardwood
Fireplace No
Appliance Microwave
Exterior
Garage None
Private Pool No
Building
Sewer Public Sewer
Water See Remarks
Level or Stories Multi/Split
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