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Prime East Harlem Portfolio   
Harlem, New York, NY    Web ID 454

Details

Asking Price: $9,450,000
Approximate Sqft: 1,716
Annual Gross Revenue: $518,548.44
Annual Expenses: $54,300
Condition: Excellent

Prime East Harlem Portfolio

City Connections Realty is pleased to present three (3) building portfolio for sale in East Harlem. The subject buildings contain seventeen (17) residential units and two (2) prime commercial units with over 17,000 sqft of air rights. These building were fully renovated twelve (12) years ago with J51 tax exemption status. All residential units are rent stabilized with excellent tenants and steady cash flow of $518,548 annually. The neighborhood is surrounded by bustling retail and many new residential developments.

The buildings are also just steps from the 6 train at East 103rd Street and Lexington Avenue and a short walk to local landmarks such as Central Park, Mount Sinai Hospital and the Harlem Meer. Recent condominium sellouts in the area are also seeing values north of $700 per square foot, a testament to the area's thriving residential market. This portfolio stands out as a prime multifamily opportunity for investors to capitalize on this market.

Min Chan, Esq.

Min Chan, Esq.

Web Id: 454

Office 212-994-3286  
Fax 212-994-3028

Map

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.