$2,844,063*
●
Multifamily -
Off Market
242 E 110th
EHARLEM, NY 10029
1 Bed
1 Bath
$1,976,000 - $2,414,000
Reference Base Price*
29.57%
Since Jan 1, 2021
NY-New York
Primary Model
About This Property
Great Multifamily in Harlem! Live for free or keep as an amazing
Investment Opportunity! This beautiful gated three-family Townhouse
was built in 1996 and is located in the heart of East Harlem on one
of the quietest and nicest tree-lined streets in the area. Imagine
walking two blocks from the train on 110th Street into your own
Townhouse or pulling into your own private parking, all while
living in Manhattan!This Townhouse has private appeal upon entry,
with a beautiful front garden entrance. It also has a spacious
landscaped backyard paradise; designed with a seating wall, private
parking space behind a gated driveway entrance.It's also an
incredible investment opportunity! Currently configured as a strong
cash flowing property with ALL Free Market Tenants! The first floor
and Lower level is occupied with tenants paying full market rent as
well as the rental units on the second and third floors generating
strong rental income.This turn-key Townhouse offers the
following:1st floor unit- boasts a huge Master Suite (convertible
to a two-bedroom) with walk-in closet, recently remodeled to
perfection with a full en-suite bath, as well as a guest bath. The
kitchen is renovated with two lovely open archways. The kitchen
features new stainless steel appliances (including a Frigidaire
Gallery refrigerator and range, Kenmore dishwasher and Samsung
over-range microwave. This level features hardwood floors
throughout, as well as a marble-tiled kitchen and bath, all-new
windows and private access to lower level. Current Rent: $2,325 per
month.The lower level is finished and well-appointed with a large
family room/game room, utility kitchen, a full bathroom + home
office. There is a private entrance connecting 1st floor unit as
well as separate entrance to main lobby. Current Rent: $1,865The
2nd and 3rd floor Rental Units are each three-bedrooms with one
bathroom and a laundry room connection, which can be converted to a
bath. This level boasts a galley kitchen, wood flooring throughout,
and a walk-in closet in the larger bedroom, as well as exterior
spiral stairs leading to the backyard. 2nd Floor Rent: $2,760 and
3rd Floor Rent: $2,775.Expenses are very Minimal: Taxes: $10,019
per year.Insurance: $1,836Handy Man: $1,800Net Income: $103,092Cap
Rate: 4%
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1996
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 12, 2021 | Sold to 242 E 110 Street Llc | $2,050,000 | |
Sold to 242 E 110 Street Llc | |||
Dec 26, 2020 | No longer available | - | |
No longer available | |||
Oct 27, 2020 | Price Decreased |
$2,195,000
↓ $405K
(15.6%)
|
|
Price Decreased | |||
Oct 16, 2019 | Listed | $2,600,000 | |
Listed | |||
Apr 11, 2017 | Sold to Globalserv Property Two Llc | $2,500,000 | |
Sold to Globalserv Property Two Llc |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Condo
1
Bed
2
Baths
1,760 ft²
$1,051/ft²
$1,850,000
Sep 11, 2014
$1,850,000
Dec 7, 2015
$2,222/mo
Sold
Condo
2
Beds
2
Baths
1,691 ft²
$1,212/ft²
$2,050,000
Mar 23, 2022
$2,050,000
Sep 7, 2022
$3,370/mo
Townhouse
Stu
-
-
$2,025,000
Jan 24, 2018
$2,025,000
Aug 22, 2019
$700/mo
Active
Condo
1
Bed
2
Baths
1,195 ft²
$1,505/ft²
$1,799,000
Apr 14, 2023
-
$3,183/mo
Active
Condo
2
Beds
2
Baths
1,440 ft²
$1,528/ft²
$2,200,000
Mar 22, 2023
-
$3,839/mo
Active
Multifamily
4
Beds
5
Baths
5,120 ft²
$449/ft²
$2,300,000
Apr 4, 2023
-
-
Active
Condo
2
Beds
2
Baths
1,284 ft²
$1,636/ft²
$2,100,000
Jan 29, 2020
-
$2,927/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/17/2019
|
|
Studio
|
-
|
-
|
$2,195,000
Studio
-
|
$2,195,000
08/13/2021
|
-
|
Carter Mchyman
Prudential Douglas Elliman Real Estate
|
05/09/2016
|
|
Studio
|
-
|
-
|
$2,600,000
Studio
-
|
$2,600,000
04/11/2017
|
-
|
Ronita Kalra
Compass
|