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318 E 117TH Street , Building

Manhattan, NY 10035
  • $3,995,000
  • STATUS: Active
  • ON SITE: 316 Days
  • MLS #: RPLU-5121674601
$3,995,000
  • 11
    BEDS
  • 0
    ACRES
  • 10
    BATHS
  • 2
    1/2 BATHS
Neighborhood:
Type:
Condo
Built:
1915
County:
Area:

School Ratings & Info

Description

Fully occupied 8 unit rental building. All free market units. Construction was completed May 2018 Over a 4% cap rate and only increasing as the rents recover from covid! Yearly rental income: $257,700 Projected yearly income in 2025: $280,000 Yearly taxes: $58,162 Only Two units per floor. Front and back with the staircase in the middle. First floor - Front unit is a massive studio duplex. The rear unit is a 2 bedroom duplex with a massive back yard. Second Floor - Two large 1 bedroom units with a dining alcove that most use as a home office. Third Floor - Identical to the second floor but these units have large balconies. Fourth Floor - Two units, both are 2-bedroom duplex units with a balcony on the main floor and a large roof deck on the upper level. All units have full sized washer dryers and high ceilings.

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2023 REBNY Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2023-02-03T02:46:55.753.
www.teampaganogroup.com/homes/126995302
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318 E 117TH Street , Building Manhattan, NY 10035

  • Price: $3,995,000
  • Status: Active
  • On Site: 316 Days
  • MLS #: RPLU-5121674601
11
Beds
10
Baths
2
½ Baths
0
Acres
1915
Built
Neighborhood:
East Harlem
County:
New York
Area:
Manhattan
Property Description
Fully occupied 8 unit rental building. All free market units. Construction was completed May 2018 Over a 4% cap rate and only increasing as the rents recover from covid! Yearly rental income: $257,700 Projected yearly income in 2025: $280,000 Yearly taxes: $58,162 Only Two units per floor. Front and back with the staircase in the middle. First floor - Front unit is a massive studio duplex. The rear unit is a 2 bedroom duplex with a massive back yard. Second Floor - Two large 1 bedroom units with a dining alcove that most use as a home office. Third Floor - Identical to the second floor but these units have large balconies. Fourth Floor - Two units, both are 2-bedroom duplex units with a balcony on the main floor and a large roof deck on the upper level. All units have full sized washer dryers and high ceilings.
Exterior Features

Architectural Style Prewar Exterior Features Balcony Garage YN No Patio And Porch Features Balcony

Interior Features

Appliances Washerdryerallowed

Property Features

Building Name Common Interest Condop Cross Street 2 Avenue And 1 Avenue New Construction YN Yes Pets Allowed BuildingnoNo Property Condition Excellent Property Sub Type Apartment Property Sub Type Additional Apartment Tax Annual Amount 58164

Listing information © 2023 REBNY Listing Service, Inc.
Listing provided courtesy of Douglas Elliman Real Estate: (212) 891-7000.


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2023 REBNY Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2023-02-03T02:46:55.753.
 
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