80 West 120th Street

About this property

1031, cash or 50% down buyer

Motivated seller,

I have an off market 3 family Townhouse. Seller looking for 1031, cash, or minimum 50% down buyer. asking $2,995,000 Firm

There is a 2 family house on the same block asking $4.7

He is looking for a quick turnaround buy.

Multi-Family 4 story building (100 X 20) in Historic Mount-Morris Park. This 4,850 square foot residential space, includes a 7’10" X 13’4" extension for the first, second and, third floor. The building consists of a ground floor and a garden level duplex that is currently occupied, with the lease expiring. Lease is free market. The Upper floors rentals apartments were renovated in approximately 2013, configured as a two bedroom (3rd floor), and a very large one bedroom (4th floor). Third floor apartment includes an extension (7’10" X 13’4") that could be used as office space. The Duplex unit (ground floor/20’ X 24’ Garden and First floor) consists of 3 huge bedrooms, office space and 3 bathrooms, in original condition. New Windows, Gas heating, excellent

Maintenance and Taxes are about $9,600 total for the year

Current rent roll is way below market and comes in at .05 cap as is, and can easily achieve a 7% Plus cap rate with market rate rents.

All units with 13’ Ceilings and Washer Dryer in unit.

Tenant pay all utilities

All units are renovated and building can easily be converted to condos.