414 East 115th Street, Unit B
414 East 115th Street, Unit B
Permanently Off Market
Permanently Off Market
Description
On one of the most desirable blocks in the heart of East Harlem.
With 10-15 new developments in a 5-block radius and many more in the pipeline, this is one of the most active areas in Manhattan, including large box stores like Costco. This area is absolutely incredible.
Endless possibilities for different experience levels of investors!
Options:
- Renovate the PH and create your own PH with a private roof terrace! and 3+ income-producing...One of a kind fully occupied 4 units, free market, low taxes townhouse!
On one of the most desirable blocks in the heart of East Harlem.
With 10-15 new developments in a 5-block radius and many more in the pipeline, this is one of the most active areas in Manhattan, including large box stores like Costco. This area is absolutely incredible.
Endless possibilities for different experience levels of investors!
Options:
- Renovate the PH and create your own PH with a private roof terrace! and 3+ income-producing apartments.
- Renovate the existing 4 units and keep them as a 4-unit rental property.
- Convert the building to a luxury multi-unit 7-8 condominium.
and many more options.
Lot size: 18.75 × 100.92
Building size: 18.75 × 58
Zoning: R7B
FAR: 3
Current rent role:
~ 110K yr.
Projected rent role after renovations keeping the same structure: ~150K yr
Projected rent role After converting to a 5-8 unit rental: ~220K yr
Projected sell-out for a condo keeping existing structure: ~4.8M
Projected sell-out for a condo with maximizing the FAR: ~6.2M
Call us today to arrange a private showing.
Listing Agents
![Ellie Wald]()
ewald@compass.comP: 646.623.3424
![The Wald Team]()
waldteam@compass.comP: 646.593.8743
Amenities
- Walk Up
- Basement
- Back Yard
- Lowrise
Location
Property Details for 414 East 115th Street, Unit B
| Status | Permanently Off Market |
|---|---|
| Days on Market | 142 |
| Taxes | $192 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 19.0 |
| Compass Type | Townhouse |
| MLS Type | Multi Family |
| Year Built | 1900 |
| Lot Size | 1,892 SF / 19' x 101' |
| County | New York County |
Building
414 E 115th St
Location
Virtual Tour
Building Information for 414 East 115th Street, Unit B
Payment Calculator
$9,988 per month
30 year fixed, 7.25% Interest
$9,796
$192
$0
Property History for 414 East 115th Street, Unit B
| Date | Event & Source | Price | Appreciation |
|---|
| 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 414 East 115th Street, Unit B
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 3 to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. Ms 206 Jose Celso Barbosa Public3 to 8 | ||
Isaac Newton Ms For Math And Science Public6 to 8 | ||
Manhattan Center for Science & Mathematics Public9 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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