Calling all investors! 216 East 117th Street is a rare opportunity not just to own a multifamily rental property but to design it to your own desires. All the permits are in place – it’s just waiting for you!
Built in 1910, this 4-story red brick pre-war classic in vibrant East Harlem has endless potential. The upper three floors are each 750 sq ft and the ground floor has 1,500 sq ft and access to the 400 sq ft outdoor space. Current plans include converting first floor commercial to residential. The 3rd floor apartment has a tenant in place through early 2023; all other units will be delivered vacant and ready for you to make your mark!
East Harlem is a thriving, culturally significant neighborhood filled with great dining, shopping, art, community, and nightlife. There’s ample greenspace surrounding the area, including Central Park, Thomas Jefferson Park, and Marcus Garvey Park. The East River Plaza shopping center – which houses Target, Costco, ALDI, Burlington, Planet Fitness, and more – is just two blocks away. Transportation is a breeze with easy access to 2/3 and 4/5/6 trains (including the express stop at 125th), LIRR and MetroNorth stations, excellent bus service, and multiple Citibike locations.
Listing Courtesy of Rafael Barbosa, Lindsey Stokes
Real Estate Taxes
20' x 101' (48' deep)
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