Active

439 E 116th Street

New York (Manhattan) NY, 10029

$1,700,000


$639.10 per sqft

Active

4 Beds

4 Baths

2,660 sqft

Multi-family

Built in 1900

Prime Free Market 4-Family Real Estate Opportunity in the Heart of East Harlem Nestled in the historic neighborhood of East Harlem, this distinguished 4-Family property presents a unique investment opportunity for discerning buyers. Boasting a substantial four-unit composition, this property is thoughtfully configured with four, 1-Bedroom 1-Bath apartments that host an additional office space in each unit. The property also features a generous backyard area and a basement level with dimensions of 19 feet by 35 feet, the total square footage stands at an impressive 2,660 ft.?, promising ample space for tenants and lucrative returns for investors. The best value yet is there is an additional 3,086 ft.? of unused FAR available to add on. Highlights & Values: ? Optimal Flexibility: The property will be delivered 100% vacant, allowing potential owners to tailor the space according to their preferences and investment goals. ? Prime Location: Centrally located in East?Harlem, this property sits at the nexus of convenience and charm. The iconic East River Plaza, home to Costco, Marshalls, Old Navy, Aldi & more is a stone's throw away. This neighborhood offers a vibrant mix of shopping, dining, and entertainment options. ? Efficient Transit & Connectivity: Benefit from seamless transportation options, making daily commutes and leisurely travels equally convenient.? ? Solid Income Potential: Given its size, location, and unit mix, this property is poised to provide a steady and significant income stream, making it a coveted asset for those looking to bolster their real estate portfolio. Take the plunge into East Harlem's real estate market with this gem, perfectly positioned to offer both charm and profitability. Discover the allure of Harlem and the promise of a sound investment.

L3573228

MLS ID

August 19, 2024

Listed

December 9, 2024

Updated

Map

439 E 116th Street
New York (Manhattan) NY, 10029

Interior Features

Bedrooms

4


Total Bathrooms

4


Full Bathrooms

4


Floor Description

Hardwood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Other, See Remarks

Exterior/Building Features

Lot Size

0.06 Acres


Architectual Style

Other


Sewer

Public Sewer

School Information

School District

Bronx 10


High School

Belmont Preparatory High School


Elementary School

Ampark Neighborhood

Other Property Details

Taxes

$5,914


Tax Frequency

Annually


Days on Market

107


Garage

No


Parking

None


View

No


County

New York (Manhattan)


Water Source

See Remarks


Pool

No

Listed by Harun Henry  with Coldwell Banker Reliable R E
Listing Contact: 718-921-3100 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jasper Champagne shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 OneKey MLS. All rights reserved.    

Data last updated 5:37 PM UTC, 12/9/2024

  

Powered byLuxury Presence