Manhattan, NY 10029,439 E 116th Street
Listing Courtesy of Coldwell Banker Reliable Real Estate NYC

$1,550,000

Est. payment /mo

$1,700,000

8.8%
Est.Price: ?

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439 E 116th Street Manhattan, NY 10029

4 Beds

4 Baths

2,660 SqFt

SOLD DATE : 12/30/2024

Key Details

Sold Price $1,550,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,660 sqft

Price per Sqft $582

Subdivision East Harlem

MLS Listing ID RLS11002905

Sold Date 12/30/24

Style Prewar,Walk-Up

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1900

Annual Tax Amount $5,914

Property Sub-Type Multi Family

Property Description

Prime Free Market 4-Family Real Estate Opportunity in the Heart of East Harlem
Nestled in the historic neighborhood of East Harlem, this distinguished 4-Family property presents a unique investment opportunity for discerning buyers. Boasting a substantial four-unit composition, this property is thoughtfully configured with four, 1-Bedroom 1-Bath apartments that host an additional office space in each unit. The property also features a generous backyard area and a basement level with dimensions of 19 feet by 35 feet, the total square footage stands at an impressive 2,660 ft.², promising ample space for tenants and lucrative returns for investors. The best value yet is there is an additional 3,086 ft.² of unused FAR available to add on.
Highlights & Values:
• Optimal Flexibility: The property will be delivered 100% vacant, allowing potential owners to tailor the space according to their preferences and investment goals.
• Prime Location: Centrally located in East Harlem, this property sits at the nexus of convenience and charm. The iconic East River Plaza, home to Costco, Marshalls, Old Navy, Aldi & more is a stone's throw away. This neighborhood offers a vibrant mix of shopping, dining, and entertainment options.
• Efficient Transit & Connectivity: Benefit from seamless transportation options, making daily commutes and leisurely travels equally convenient. 
• Solid Income Potential: Given its size, location, and unit mix, this property is poised to provide a steady and significant income stream, making it a coveted asset for those looking to bolster their real estate portfolio.
Take the plunge into East Harlem's real estate market with this gem, perfectly positioned to offer both charm and profitability. Discover the allure of Harlem and the promise of a sound investment.

Location

State NY

County New York

Interior

Equipment Intercom

Fireplace No

Laundry See Remarks

Exterior

Private Pool No

Building

Story 4

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $492

Pets Allowed Building Yes, Yes

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REBNY VOW
agent

Giampaolo Ienna

Licensed Real Estate Salesperson | License ID: 10401269720

+1(646) 404-3668

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