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