East Harlem Multi-Family
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East Harlem Multi-Family
3 Multifamily Properties Offered at $8,575,000 in New York, NY
INVESTMENT HIGHLIGHTS
- Cash sale preferred.
EXECUTIVE SUMMARY
Attractive and unique real estate investment opportunity. Area is experiencing major development and structural changes with the extention of the 2nd Avenue subway line bringing an estimated future increase in local population growth $ weekly visitors in the 100's of thousands according to Crains news. The East Harlem area is experiencing a total of 42 proposed and/or active development projects at the moment as we continue to witness the growth of cultural and food outlets.
We offer for sale 3 walk-up buildings with 17 market and rent stabilized (R/S) apartments (apts), plus 2 commercial stores.
All buildings come with new roof and one with a new boiler. Well maintained.
There are 9 individual floors - 1 bedroom apartments - 1 Tenant per floor.
Attractive good income - excellent future upside and low operating expenses.
Properties underwent total renovation in 2004-06 and has been very well kept since that time.
This is a rare and limited time real estate portfolio opportunity with development potential.
Their locations is within easy access to all existing public transportation.
"100 % OCCUPANCY" ----- "0% DELINQUENCY" ----- "NO VIOLATION"--
We offer for sale 3 walk-up buildings with 17 market and rent stabilized (R/S) apartments (apts), plus 2 commercial stores.
All buildings come with new roof and one with a new boiler. Well maintained.
There are 9 individual floors - 1 bedroom apartments - 1 Tenant per floor.
Attractive good income - excellent future upside and low operating expenses.
Properties underwent total renovation in 2004-06 and has been very well kept since that time.
This is a rare and limited time real estate portfolio opportunity with development potential.
Their locations is within easy access to all existing public transportation.
"100 % OCCUPANCY" ----- "0% DELINQUENCY" ----- "NO VIOLATION"--
PROPERTY FACTS
| Price | $8,575,000 | Number of Properties | 3 |
| Price / SF | $507.16 / SF | Individually For Sale | 0 |
| Sale Conditions | Bulk/Portfolio Sale | Total Building Size | 16,908 SF |
| Sale Type | Investment | Total Land Area | 0.13 AC |
| Status | Active |
| Price | $8,575,000 |
| Price / SF | $507.16 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 16,908 SF |
| Total Land Area | 0.13 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 156 E 109th St, New York, NY 10029 | Multifamily | 4,178 SF | 1910 | - |
| 1509 Lexington Ave, New York, NY 10029 | Multifamily | 8,655 SF | 1920 | - |
| 170 E 108th St, New York, NY 10029 | Multifamily | 4,075 SF | 1910 | - |
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WG & Associates Management
East Harlem Multi-Family
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