420 East 117th Street

About this property

All showings (including open houses) are by appointment only.

This remarkable four-story, four-unit townhouse in Manhattan presents an exceptional investment opportunity for those looking to secure a reliable and profitable stream of rental income. With four two-bedroom apartments, this property offers an attractive price point and is FHA eligible, which means that potential buyers could benefit from a low down payment and lower closing costs.

Each unit comes equipped with its own boiler, electric meter, and gas meter, ensuring that each tenant is responsible for their own utility expenses. The property also features a convenient laundry room in the cellar, offering additional convenience for tenants and a potential source of additional income for the owner.

In addition to its financial advantages, this property is located in a highly desirable neighborhood that boasts a thriving art and culinary scene, offering endless opportunities for entertainment and exploration. Its prime location is also within walking distance of several supermarkets and shopping centers, including the East River Plaza, home to popular stores like Target, Planet Fitness, Aldi Market, and Costco.

The recent rezoning and significant increase in investment and development in the neighborhood make this townhouse an even more compelling investment opportunity. With a well-maintained property that features updated appliances, annual boiler maintenance, and updated hot water heaters, this property is a rare find in a highly sought-after location.

Don’t miss out on this chance to own a profitable piece of real estate in a vibrant and rapidly developing neighborhood. Contact us today to schedule a viewing!