See Home Value
$2,844,063*
Multifamily - Off Market

242 E 110th

EHARLEM, NY 10029
bedrooms
1 Bed
bathrooms
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
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
Townhouse
Stu
-
-
$2,195,000 Oct 17, 2019
$2,195,000 Aug 13, 2021
-
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
-
-
$2,260,000 Feb 3, 2017
$2,260,000 Jul 5, 2017
-
Townhouse
Stu
-
-
$2,075,000 Sep 22, 2017
- Nov 30, -0001
$753/mo
Townhouse
Stu
-
-
$2,025,000 Jan 24, 2018
$2,025,000 Aug 22, 2019
$700/mo
Multifamily
Stu
-
4,500 ft²
$411/ft²
$1,850,000 Jun 23, 2022
-
-
Condo
1 Bed
2 Baths
1,195 ft²
$1,505/ft²
$1,799,000 Apr 14, 2023
-
$3,183/mo
Condo
2 Beds
2 Baths
1,440 ft²
$1,528/ft²
$2,200,000 Mar 22, 2023
-
$3,839/mo
Co-op
2 Beds
3 Baths
-
$2,250,000 Apr 19, 2023
-
$4,186/mo
Multifamily
4 Beds
5 Baths
5,120 ft²
$449/ft²
$2,300,000 Apr 4, 2023
-
-
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
20191017
10/17/2019
Studio
-
-
$2,195,000
bedrooms
Studio
bathrooms
-
$2,195,000
08/13/2021
-
Carter Mchyman
Prudential Douglas Elliman Real Estate
20160509
05/09/2016
Studio
-
-
$2,600,000
bedrooms
Studio
bathrooms
-
$2,600,000
04/11/2017
-
Ronita Kalra
Compass

Building Info

242 East 110th Street 242 East 110th Street, New York, NY 10029
  • 3 Units
More about this Building
242 East 110th Street
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About Upper Manhattan


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