218 East 111th Street, Unit MFTH
218 East 111th Street, Unit MFTH
$1,575,000
16
8
6,092
6,092
$259
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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LISTING UPDATED: 04/02/2024 11:10 AM
Property Details for 218 East 111th Street, Unit MFTH
Status | Active |
---|---|
MLS ID | PRCH-7713744 |
Days on Market | 225 |
Taxes | $523 / month |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 32.0 |
Compass Type | Multi Family |
MLS Type | Multi Family Townhouse |
Year Built | 1910 |
Lot Size | 2,523 SF / 25' x 100' |
County | New York County |
Building
Location
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-
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$9,118 per month
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Property Information for 218 East 111th Street, Unit MFTH
Property History for 218 East 111th Street, Unit MFTH
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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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.
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