$1,575,000
- Beds
- 16
- Baths
- 8.0
- sq ft
- 6,092
218 E 111th St Unit MFTH, New York, NY 10029
218 E 111th St Unit MFTH
New York City, NY 10029
- Off market
- Price drop $75,000↓
Alta Real Estate presents 218 East 111th Street.
This well maintained 25’ wide, 8 unit rental bldg is fully occupied and sits mid-block between 2nd and Third Avenues in East Harlem, just 2.5 blocks to the #6 Train on Lexington /110th Street. All units are railroad style 1 bed, 1 bath units and tenants pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases.
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. All units are rent stabilized, but one can be used for a family member or relative. Tenants pay their own electric. 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.
Details
Property type
Townhouse
Lot size
Unknown
Price per sq ft
$259
Year built
1910
Annual property taxes
$6,276
HOA
Yes
Price History
09/16/2024
REBNY #PRCH-7713744
Removed
$1,575,000
06/21/2024
REBNY #PRCH-7713744
Listed
$1,575,000
06/08/2024
REBNY #PRCH-7713744
Removed
$1,575,000
Schools & Community
Neighborhood:
East Harlem
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Off Market
Tomo last checked: 09/16/2024 at 4:00 PM
Listing updated: 09/10/2024 at 4:41 PM
Listed by: Rick Kelly, ALTA Real Estate Phone #: (917) 204-6577
MLS: REBNY #PRCH-7713744
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