About this property
Thank you for expressing your interest in this extraordinary turn of the century brownstone located in the heart of Manhattan on Harlem’s East side. It is our pleasure to present this remarkable property to you, offering a unique investment opportunity that is both hassle-free and turnkey.
What truly sets this property apart from others in the area is the significant capital improvements it has undergone in the past decade. Unlike many properties that require extensive renovations, this brownstone has already undergone major upgrades, ensuring a stress-free acquisition for any potential buyer.
Upon entering the premises, it becomes evident that meticulous care and attention have been devoted to maintaining the building. There is a new roof and a fresh front facade create an inviting exterior, while the modern comforts of a renovated ground floor apartment await you inside. Moreover, the installation of a new gas heating system and a steel load beam guarantees the utmost safety and efficiency.
The rear facade has been recently pointed, and the rear fire escape has been meticulously scraped and painted while retaining its charm and functionality. Upgraded electric boxes further enhance the building’s infrastructure. Additionally, a thoughtfully designed office space and three exceptional residential apartments complete this truly remarkable property. There are a total of 4 separate rented spaces in this property.
Furthermore, all tenants are currently in good standing and pay just under market rents, ensuring a steady and reliable rental income for potential buyers, giving them peace of mind.
One of the greatest assets of this brownstone is its prime location. Situated near 2nd Avenue, it will soon benefit from its proximity to two subway stops. With the 6 Train on Lexington Avenue and the upcoming 2nd Avenue Subway, the growth potential for this neighborhood is set to accelerate even further. By investing in this property, you will be at the forefront of a thriving community. Additionally, its strategic placement just off the Southbound entrance to the FDR Drive, a stone’s throw from 125th Street and the Tri-Borough ( RFK ) bridge, allows for quick transportation to LaGuardia airport, Long Island, and Connecticut.
If you are seeking a building in Manhattan that guarantees a headache-free experience, this property presents a perfect opportunity for you. Please do not hesitate to contact André Mauro with any inquiries or to schedule a showing. Detailed income and expense reports for the building are available upon request.
Whether you are a broker or a principal buyer, we extend a warm welcome for you to explore and consider this incredible offering. The future of this historic brownstone is indeed promising, and we invite you to join us on this exciting journey.