218 E 111TH Street Unit: MFTH
218 E 111TH Street Unit: MFTH
218 E 111TH Street Unit: MFTH
218 E 111TH Street Unit: MFTH
218 E 111TH Street Unit: MFTH
218 E 111TH Street Unit: MFTH
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218 E 111TH Street Unit: MFTH
218 E 111TH Street Unit: MFTH
218 E 111TH Street Unit: MFTH
218 E 111TH Street Unit: MFTH
218 E 111TH Street Unit: MFTH
218 E 111TH Street Unit: MFTH
For Sale

218 E 111TH Street Unit: MFTH

218 East 111th Street Unit: MFTH, New York City, NY 10029

$1,575,000
Alta Real Estate presents 218 East 111th Street.

This well maintained 25' wide, 8 unit rental bldg is fully occupied and sits mid-block between 2nd and Third Avenues in East Harlem, just 2.5 blocks to the #6 Train on Lexington /110th Street. All units are railroad style 1 bed, 1 bath units and tenants pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases.

The property has been in the same family for over 40 years and represents a unique opportunity to purchase a cash flow positive property in an area of high rent demand. All units are rent stabilized, but one can be used for a family member or relative. Tenants pay their own electric. The property is built 25' x 60 ' and has a private 1,000 sf backyard.

Great Investment opportunity with super low property taxes and a stable tenant base. Setup available upon request.

16
beds

8
baths

6,092 Sq.Ft. LIVING AREA

2,523 Sq.Ft. lot

Rick Kelly

Rick Kelly

Parker Johnson

Parker Johnson

Features & Amenities

Interior

  • total bedrooms16
  • Total bathrooms8
  • full bathrooms8
  • Laundry room Building None, None
  • other interior Features Entrance Foyer, Kitchen Window

Area & Lot

  • Status For Sale
  • Living Area6,092 Sq.Ft.
  • Lot Area2,523 Sq.Ft.
  • MLS® IDPRCH-7713744
  • TypeTownhouse
  • YEAR BUILT1910
  • View DescriptionCity

Exterior

  • STORIES4
  • lot featuresGarden
  • other exterior FeaturesBuilding Garden, Garden

Financial

  • Sales Price$1,575,000
  • Real Estate Tax $6,276/yr
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Schedule a Tour

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 218 East 111th Street Unit: MFTH, New York City, NY 10029. We are reviewing your request and will be in touch shortly!

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