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$2,495,000

Beds
8
Baths
4.0
sq ft
2,400

273 Pleasant Ave, New York, NY 10029

273 Pleasant Ave

New York City, NY 10029

  • 219 days on market
Introducing a distinguished income-generating property at 273 Pleasant Ave, nestled in the vibrant neighborhood of East Harlem. This prime free market, value-add property is ready for a new owner seeking either passive income or a redevelopment opportunity. The property features One 1 bed, 1 bath and Three 2 bed, 1bath apartments. There are 13-foot ceilings on the 2nd floor, exposed brick a delightful rear garden for the first floor tenant and an offering of everyday conveniences central to this pocket of Harlem. 273 Pleasant Ave offers four fully free-market units, offering versatility and the potential for substantial income. Rents are current and roughly 52% below market rate for comparable renovated units. Located near the beautiful Thomas Jefferson Park which offers numerous sports fields, a dog park, and community pool on the Harlem River waterfront. The property is also located at the doorstep of the Manhattan Center for Science and Mathematics, as well as the iconic (and impossible to get a reservation) Rao’s Italian restaurant. Offering an impressive proforma cap rate of 5.5% and situated between two properties that are in the process of being redeveloped, this property has can be delivered vacant, or with tenants in place to maintain cash flow while the purchaser finalizes plans to reposition the property. Seize this excellent opportunity to invest in East Harlem — a property that promises not just returns but also the potential to make a unique mark in a thriving community. **As per owner, no access will be allowed until after accepted offer.**

Details

Property type

Townhouse

Lot size

Unknown

Price per sq ft

$1,040

Year built

1900

Annual property taxes

$5,832

Monthly HOA fee

$400

Price History

04/17/2024
REBNY

REBNY #COMP-1556755687940698737

Listed
$2,495,000

Schools & Community

Neighborhood: 

East Harlem

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/22/2024 at 4:20 AM

Listing updated: 10/31/2024 at 3:47 PM

Listed by: Sean Sasso, Compass Phone #: (212) 913-9058

MLS: REBNY #COMP-1556755687940698737

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