Rare find stunning four family free market (NOT AN SRO), is nestled in the heart of East Harlem’s highly sought-after historic neighborhood. Whether you’re looking for a savvy investment opportunity or a place to call home, this charming property offers boundless potential and exceptional value ingrained in its very foundation. Each of the four apartments features two bedrooms and 1.5 bathrooms. Here’s a snapshot of the current rental income: Unit 1: An application is currently under review for a rental rate of $3,600. Unit 2: Currently leased at $3,225, with the lease expiring on April 30, 2025. Unit 3: Fetching $3,800 in monthly rent, with the lease set to expire on July 31, 2023. Unit 4: Currently leased at $3,600, with the lease expiring on July 31, 2023. Additionally, units 2 and 4 each feature an extra room that can serve as an office or additional living space. The tree-lined street on which the brownstone is situated offers picturesque views and is lined with charming turn-of-the-century houses.
This building enjoys a prime location, just a short distance from Central Park and right off Lexington Avenue in East Harlem. East Harlem is a vibrant, diverse cultural enclave known for its strong sense of community and culinary delights, making it a food lover’s paradise. The convenient proximity to the 103rd Street 6 train subway station ensures easy access to midtown Manhattan. Surrounded by East Harlem’s most remarkable dining and nightlife options, it’s the perfect locale for experiencing the vibrant East Harlem lifestyle. Some local favorites include the world-renowned Rao’s, Taco Mix, Amor Cubano, East Harlem Bottling Co, Lexington Pizza Parlor, Super Nice Doughnuts, and more! With its unbeatable location and charming aesthetics, this property is a rare opportunity that should not be missed.
Real Estate Taxes
20' x 101' (60' deep)
Want to take a tour of this property?
Fill in your details and we will contact you to confirm a time.