218 East 111th Street, Unit MFTH

East Harlem

$1,575,000
Price
16
Beds
8
Baths
6,092 Sq. Ft.
$259 / Sq. Ft.
6,092
Sq. Ft.
$259
per Sq. Ft.

Description

Alta Real Estate presents 218 East 111th Street. This well maintained 25’ wide, 8 unit rental bldg is fully occupied and sits mid-block between 2nd and Third Avenues in East Harlem, just 2.5 blocks to the #6 Train on Lexington /110th Street. All units are railroad style 1 bed, 1 bath units and tenants pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases. The property has been in the same family for over 40 years...Alta Real Estate presents 218 East 111th Street. This well maintained 25’ wide, 8 unit rental bldg is fully occupied and sits mid-block between 2nd and Third Avenues in East Harlem, just 2.5 blocks to the #6 Train on Lexington /110th Street. All units are railroad style 1 bed, 1 bath units and tenants pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases. The property has been in the same family for over 40 years and represents a unique opportunity to purchase a cash flow positive property in an area of high rent demand. All units are rent stabilized, but one can be used for a family member or relative. Tenants pay their own electric. The property is built 25′ × 60 ’ and has a private 1,000 sf backyard. Great Investment opportunity with super low property taxes and a stable tenant base. Setup available upon request.

Property Details for 218 East 111th Street, Unit MFTH

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Location

Listing Courtesy of ALTA Real Estate
Add your commute
LISTING UPDATED: 04/02/2024 11:10 AM

Property Details for 218 East 111th Street, Unit MFTH

StatusActive
MLS IDPRCH-7713744
Days on Market225
Taxes$523 / month
Maintenance-
Min. Down Pymt-
Total Rooms32.0
Compass TypeMulti Family
MLS TypeMulti Family Townhouse
Year Built1910
Lot Size2,523 SF / 25' x 100'
CountyNew York County

Building

218 E 111th St

8 Units4 StoriesBuilt in 1910

Location

Listing Courtesy of ALTA Real Estate
Add your commute

Building Information for 218 East 111th Street, Unit MFTH

Stories4Residences8Year Built1910Building Size25' x 60'Building Sq. Ft6,000 SFLot Size2,523 SF / 25' x 100'Building Age-Building Type-

Payment Calculator

$9,118 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,595

Property Taxes

$523

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 218 East 111th Street, Unit MFTH

Summary
Location and General Information
  • Subdivision Name: East Harlem
  • Stories Total: 4
  • Direction Faces: South
  • Exposures: North, South
  • Garage Spaces: 0.0
Taxes and HOA
  • Tax Lot: 0040
  • Tax Block: 01660
  • Association Fee Frequency: Monthly
  • Building Tax Lot: 0040
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 6092.0
  • Building Area Total: 6092.0
  • Building Area Units: SquareFeet
  • Lot Features: Garden
  • Lot Size Dimensions: 25.0 x 100.92
  • Living Area Units: SquareFeet
Building Information
  • Building Exterior Features: Garden
  • Building Laundry Features: None
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: No
  • Common Interest: None
  • New Construction: No
  • Structure Type: None, Townhouse
Interior and Exterior Features
Exterior Features
  • Exterior Features: Garden
Interior Features
  • Entry Level: 1
  • Fireplace: No
  • Furnished: Unfurnished
  • Interior Features: EntranceFoyer, WindowedKitchen
  • Floor Number: 1
  • Laundry Features: None
  • Levels: MultiSplit
  • ElevatorsTotal: 0
  • Size Dimensions: 25'x60'
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Attendance Type: None
  • Owner Pays: None
  • Owner Pays Remarks: Call Listing Agent

Property History for 218 East 111th Street, Unit MFTH

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 218 East 111th Street, Unit MFTH

This home is within New York City Geographic District # 4.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 83 Luis Munoz Rivera
PublicPK to 5

Isaac Newton Ms For Math And Science
Public6 to 8

Esperanza Prepatory Academy
Public6 to 12

Global Technology Preparatory
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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218 East 111th Street, Unit MFTH is a multi-family home for sale in East Harlem. This property was listed for sale on September 15, 2023 by ALTA Real Estate, it's currently listed at $1,575,000. This listing's school district is New York City Geographic District # 4. Nearby schools include P.S. 83 Luis Munoz Rivera, Isaac Newton Ms For Math And Science and Esperanza Prepatory Academy. 218 East 111th Street, Unit MFTH is a 16-bed, 8-bath, 6,092 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ALTA Real Estate

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.