410 East 117th Street

About this property

Calling all investors 410 East 117th Street, in the historic district in East Harlem, has hit the market. This legal 4-unit multi-family property has been immaculately cared for and updated. The capital improvements most recently completed include the boiler being rebuilt, windows replaced, the electric was upgraded, and the roof has been seal coated and it has no leaks. Local law 11 has been completed to the facade of the building and the outside is neatly kept up. It is comprised of four floor-through units. The bottom floor, unit 1, has a large garden with private access, and it will be delivered vacant. The top floor, unit 4, will also be delivered vacant. Units 2 and 3 have tenants in place. All of the apartments have been renovated and upgraded and contain hardwood flooring, crown molding, and renovated kitchens and bathrooms. They are separately metered for both gas and electricity. 410 East 117th Street falls into tax class 2A. NY State law limits how much the assessed value of the property can rise per year. As a result, the assessed value can rise up to 8% per year and no more than 30% over 5 years for buildings with 10 or fewer units. The current annual taxes for the building are $2689. 410 East 117th Street is on a tree-lined block between First Avenue and Pleasant Avenue within steps of East River Plaza which has shops and restaurants including Costco, Target, Planet Fitness, and Applebee’s. There is also Patsy’s Pizza up the block on First Avenue, and the famous Rao’s restaurant a few blocks away. In terms of green space close by, you will find Thomas Jefferson Park, Wagner Playground, and El Barrio Community Garden. The M15 bus stops right on First Avenue and 117th Street and the 6 train is on 116th/Lexington Avenue. There are no violations on this meticulously maintained building. Call to schedule an appointment to view.

Listing Courtesy of Denise Bongiovanni