232 West 112nd Street

About this property

Fantastic Opportunity – 3 Family with 3,861 sqft Air Rights !

Own this 3 family home in good condition with great potential rental income. Great opportunity for owner occupied, seasoned, and first time investors.

Tremendous upside. Customize this home by adding your cosmetic changes/upgrades to kitchens bathrooms.

Income and Expenses

Income: (2 rental incomes) $60,000 per year

Potential Income: $216,000 per year

Expenses: $18,827 per year

Just minutes away from Harlem’s best restaurants, transportation, historic Lenox Avenue and legendary Central Park! Two market rate apartments can be delivered vacant at closing. The third market rate apartment can delivered fully vacant February 2024.

Apart #3 has month to month tenancy. Lease expired in 2022. Owners duplex is vacant.

The entire building was completely gut renovated in 2002. Each apartment has separate electric meters (one gas meter for heated boiler and water heater. Cooking is by electric (stoves/ovens).

Current Building Configuration:

3 bedroom 2 bath duplex with a basement located on ground, parlor, and basement floor, and two floor through 900 sqft 1 bedroom apartments on the 2nd and 3rd floors.

Building Specs:

Building class Three Families (C0)

Building Square feet 3,740

Building dimension 17 ft x 55 ft

Stories 3 (4 Floors plus basement)

Roof height 47 ft

Year built 1890

Year last altered 2002

Structure type Brownstone

Construction type Stone

Exterior wall Brick/masonary

Exterior condition Good

Basement type Full

Residential FAR 4

Facility FAR 4

FAR as built 1.75

Unused FAR 3,861 sqft (Air Rights)

Schedule an appointment today with Elaine Perry!

Listing Courtesy of Elaine Perry