247 East 116th Street

East Harlem

$3,100,000
Price
6
Beds
4
Baths
4,952 Sq. Ft.
$626 / Sq. Ft.
4,952
Sq. Ft.
$626
per Sq. Ft.

Description

> Income-producing
> Multi-family building
> Commercial space on the first-floor level
> All free-market residential apartments
> Prime East Harlem
This beautiful brownstone has three large free-market apartments in addition to a 1200 +/- sq. ft retail space that currently houses a dental office - based on the building zoning overlay, the retail space can be used for a retail store, an office and possibly even a restaurant. The 2nd-floor apartment features 13 ft tall ceilings and a grand room! (pictured
...> Income-producing
> Multi-family building
> Commercial space on the first-floor level
> All free-market residential apartments
> Prime East Harlem

This beautiful brownstone has three large free-market apartments in addition to a 1200 +/- sq. ft retail space that currently houses a dental office - based on the building zoning overlay, the retail space can be used for a retail store, an office and possibly even a restaurant. The 2nd-floor apartment features 13 ft tall ceilings and a grand room! (pictured above)
Great opportunity for investors with a good CAP rate and an outstanding upside (over 5% CAP rate). Inquire for the setup sheet.
Situated on East 116th Street between 3rd and 2nd avenue, this is a very central location with shops, cafes, restaurants and quick access to the 6 train and crosstown buses.

The building can be delivered vacant.
Reach out to get the setup sheet and to book a private tour. No open houses!

Amenities

  • Private Terrace
  • Walk Up
  • Voice Intercom
  • Private Outdoor Space
  • Back Yard
  • Attach / Row Hse
  • Lowrise
  • House

Location

Add your commute
LISTING UPDATED: 01/28/2020 09:20 AM

Property Details for 247 East 116th Street

StatusPermanently Off Market
Days on Market244
Taxes-
Maintenance-
Min. Down Pymt-
Total Rooms14.0
Compass TypeTownhouse
MLS TypeSingle Family
Year Built1910
Lot Size2,018 SF / 20' x 101'
CountyNew York County

Building

247 E 116th St

3 Units4 StoriesBuilt in 1910

Location

Add your commute

Building Information for 247 East 116th Street

Stories4Year Built1910Building Size20' x 50'Building Sq. Ft4,000 SFLot Size2,018 SF / 20' x 101'Building AgePre-warBuilding TypeHouseSenior Community-

Payment Calculator

$16,918 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,918

Property Taxes

$0

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 247 East 116th Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

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

Public Records for 247 East 116th Street

Taxable ValueLand$46,800Additions$258,300Total$305,100
Home Facts
Total Finished SqFt4,000 SqFtLot Size2,018 SqFtYear Built1910ZoningR7DAPN1016660119

Schools near 247 East 116th Street

This home is within New York City Geographic District # 4.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 155 William Paca
PublicPK to 5

Global Technology Preparatory
Public6 to 8

Coalition School For Social Change
Public9 to 12

Isaac Newton Ms For Math And Science
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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