- Four story multi-family building consisting of 4 units.
- 1st floor apt. consists of 3 bedrooms and a backyard while the second – fourth floor apts consist of 2 bedrooms
- Property is being delivered with surrender agreements.
- Tenants were previously paying $2,000 each.
- Property is walking distance to 116th Street [6] Train Station.
- Price – $ 1,900,000
- Projected Cap – 6.2%
E 118th Street New York, NY 10035
$1,900,000.00
Details
- Four story multi-family building consisting of 4 units.
- 1st floor apt. consists of 3 bedrooms and a backyard while the second – fourth floor apts consist of 2 bedrooms
- Property is being delivered with surrender agreements.
- Tenants were previously paying $2,000 each.
- Property is walking distance to 116th Street [6] Train Station.
- Price – $ 1,900,000
- Projected Cap – 6.2%
Additional Information
| Asset Type | Multifamily |
|---|---|
| City | New York |
| Neighborhood | East Harlem |
| Broker | Sadya Liberow, Elli Khafizov |
| Price | $1,900,000 |
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Property is currently 100% leased
Strong retail corridor with heavy foot and car traffic on both sides of the streets
All tenants have 3% annual rental increases -
Development Opportunity on Webster Avenue, Bronx.
- Vacant Lot
- R7B Zoning
- 27,000 Sq Ft Total Buildable
- Hotel Development slated to begin across the street from property
- Short walk to 205th St [D] Train
- One block from E. Gun Hill Rd & Bronx River Pkwy
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100% Occupied retail Space for sale. Landlord is responsible for roof & structure. Landlord recently completed capital improvements on the roof and plumbing.
