406 East 119th Street is a multi-family property in East Harlem in Manhattan, which enjoys a favorable property tax rate. Only six blocks away from the 116th Street subway station and the 6 train, the property is perfectly situated in a thriving residential community with plenty of upside for growth, particularly with the extension of the Second Avenue Subway station at 116th Street to be served by the Q train.
A community of historical and cultural interest, East Harlem residents are served by El Barrio Community Garden, Thomas Jefferson Park and swimming pool, classic eateries such as Rao’s and Patsy’s and cosy newcomers such as Yura’s Blue Plate, Las Delicias Mexicanas and La Shuk. Large stores Costco, Target and Aldi can be found in the nearby East River Mall. Just three subway stops from The Mount Sinai Hospital and three blocks from FDR Drive, 406 East 119th Street is easily accessible to I-278 and both LaGuardia and JFK Airports.
10 Railroad Flats 2BR each Two ground Floor can be commercial 30×44 built on 30×50 lot zoned R7X RR 168k EXP 47k NOI 121k
Listing Courtesy of Nathaniel Smith, Yaniv Grinberg, Daniel Mahgerefteh
Real Estate Taxes
30’ x 50.5’ (44' deep)
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