217 E 115th St | New York, NY 10029
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217 E 115th St
New York, NY 10029
Multifamily Property For Sale · 4 Units
Executive Summary
New York Multifamily is pleased to offer the following opportunity in East Harlem. 217 East 115th Street is a fully free market walk-up located in one of the most sought-after neighborhoods in Upper Manhattan. Situated between Second and Third Avenue, this tax-class-protected asset allows investors to take advantage of market rent increases upon vacancy turnover. Recently, the building underwent significant renovations, features a brand-new facade, and each unit boasts an upscale, condominium-quality finish
PROPERTY FACTS
| Price Per Unit | $812,500 | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.50% | Lot Size | 0.04 AC |
| Gross Rent Multiplier | 11.3 | Building Size | 4,639 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Price Per Unit | $812,500 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,639 SF |
| No. Stories | 3 |
| Year Built | 1910 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 1665-0009 | Improvements Assessment | $40,536 |
| Land Assessment | $140,400 | Total Assessment | $71,383 |
PROPERTY TAXES
Parcel Number
1665-0009
Land Assessment
$140,400
Improvements Assessment
$40,536
Total Assessment
$71,383
zoning
| Zoning Code | R7A |
| R7A |
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