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324 E 116th St, East Harlem, NY 10029

$ 4,888,888

324 E 116th St,

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Property Id : 26258
Price: $ 4,888,888
Rooms: 20
Bedrooms: 14
Bathrooms: 14
Structure Type: Brick
Floors No: 6

About this property

Renovated 9 Family Brownstone + Retail Store in Manhattan!

Originally a 3 family property, this exquisite rental building has just been converted into 9 brand new gorgeous apartments and a retail store. Located in the East Harlem neighborhood of Manhattan between 2nd Ave and 1st Ave. Laundromat is only 3 doors down and the 6 trains at 116th St & M106 bus line are only steps away. One of a kind opportunity for investors as this building boasts a 6.87% CAP RATE!

This property features:
– Contemporary designs finished with a European flair
– BRAND NEW Intercom system
– BRAND NEW ductless heating/cooling units in every room
– Original expanded brownstone windows restored
– Loft-like ceiling heights
– Queen/King size Bedrooms with spacious living rooms
– Kitchens feature stainless steel appliances & granite countertops
– Dishwashers in every unit
– Bathroom vanities showcase brass finishes
– Deep Soaking Tubs in each unit
– Unit 1A is a 2BR/2BTH Duplex
– Units 2 & 3 are 3BR/3BTH layouts
– Units 4A, 4B, 5A, 5B, 6A & 6B are all 1BR/1BTH layouts
– Retail store has lease expiring in 2027; store has half bath

Other features: all brand new mechanicals; energy efficient building; tenants responsible for their own utilities except water; Units 1A, 2 and 3 are vacant until December 2022.

Lot: 20 x 100.92 ft
Bld: 20 x 53 ft
Zoning: R7B
FAR: 1.54; Max FAR: 3
Taxes: $18,291/Yr

Call TODAY for a complete SET UP!
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified

Amenities and Features

Other Features
back yard
Central AC
City Views
fenced yard
High Ceilings
Security Camera System
Virtual Intercom

Theo Eastwind

Licensed Real Estate Associate Broker

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