Income Property For Sale   Sold
323 E 116th St, New York, NY 10029   Web ID 418


Asking Price: $1,480,000 [ SOLD ]
Approximate Sqft: 3,417
Gross Annual Income: $124,800
Real Estate Taxes: $13,250
Gross Expenses: $24,975
Net Operating Income: $101,025
CAP: 6.8%

Income Property For Sale

Six unit multi-family building with Community Facility located in East Harlem. Excellent investment value. Harlem's next hot area for re-development. Near to the Costco, Best Buy, and Target shopping center, as well as the new Hunter College Humanities Center, the area is fast becoming revitalized! If you have a non-profit or Medical practice, this could be exactly what you are looking for to create a thriving business.

Projected Income Schedule
Apt. 1: $2,500
Apt. 2: $1,200
Apt. 3: $1,200
Apt. 4: $1,200 Apt. 5: $1,200
Medical Space: $40psf = $3,100/month
Gross Annual Income: $124,800

Gross Annual Expense Schedule
Real Estate Taxes: $13,250
Insurance: $3,600
Oil: $4,125
Water & Sewer: $1,000
Common Electric: $1,800
Mtc: $1,200
Gross Expenses: $24,975

Location: 116th St between 1st and 2nd Ave.
Block: 01688
Lot: 0012
Lot size: 16.5 x100.92
Total Sq. Ft.: 3,417
Building Size: 16.5 x 48, (15' extension on ground level)
Zoning: R7B

Patrick Todd

Patrick Todd

Web Id: 418

Office 212-994-3243
Cell 917-716-5168
Fax 212-627-8150


All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.

  City Connections Realty, Inc. supports Equal Housing Opportunity. The federal Fair Housing Act makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make such preference, limitation or discrimination." We will not knowingly accept or permit any advertisement for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.