218 E 111TH Street Active Save Request In-Person Tour Request Virtual Tour
Manhattan,NY 10029
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision East Harlem
MLS Listing ID RLS20032244
Bedrooms 8
HOA Y/N No
Year Built 1910
Annual Tax Amount $7,140
Property Sub-Type Multi Family
Property Description
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 residents pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases. Current income minus expenses is 2X the return from buying a similar one unit apartment. This well priced asset is an incredible opportunity to own 8 units for the price of one with fantastic longterm upside for generations to come
Location
State NY
County New York
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Other
Fireplace No
Laundry In Unit
Exterior
Exterior Feature Private Outdoor Space Under 60 Sqft
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $595
Special Listing Condition Standard
Pets Allowed Building Yes,No