417 East 118th Street, Unit 3 Family

417 E 118th St East Harlem, Manhattan, NY 10035

$2,298,000
Price
6
Beds
4
Baths
1
1/2 Bath
4,050 Sq. Ft.
$567 / Sq. Ft.
4,050
Sq. Ft.
$567
per Sq. Ft.

Property Details for 417 East 118th Street, Unit 3 Family

StatusContract Out
Total Rooms12.0
Year Built1901
DOM149
Compass TypeMulti Family
MLS Type-
Lot Size1,682 SF / 17' x 101'
Taxes$450 / month
Maintenance-
Minimum Down Payment10%
CountyNew York County

Building

417 E 118th St

1 Units3 StoriesBuilt in 1901

Listing Agent

Contact Agent(s)

Description

This three family townhouse was constructed to the high standards, it was completely rehabilitated recently and features condo quality finishes including three Jacuzzi's and infra red light and heating in the bathrooms.



The first floor - is approx 1,000 sqft one bedroom, one bath garden apartment with access to the basement, and a backyard.
The second floor - is aprox 1,000+ sqft one bedroom, one bath.
The third and fourth floors - are a fantastic PH Duplex with three bedroom, 2.5 bath.



kitchens -
... Fully equipped with a maple kitchen cabinetry, a granite island and counter tops, high end stainless steel appliances including large refrigerators, gas oven, microwave, and dishwasher.



Bathrooms - Feature Jacuzzi bath tubs, maple vanity with granite counters, Italian stone tiles, and private washer/dryer.



Floors - Bamboo floors.



AC/heat - Split units.



Each apartment has amazing exposed brick walls and each unit has a separate gas and electric meter, and individual boiler.



The East River Plaza (Target, Costco, Marshall's, etc.) are just around the corner.



Call us today to see this fantastic home/investment property.



The property will be delivered vacant.



Projected Rent Roll:
1 - $2,750 (Option to combine with basement)
2 - $2,750
PH Duplex - $4,500
Combine basement rec room (optional) - $1,000
Gross Monthly Operating Income - $11,000



Monthly Operating Expenses:
Repairs and Maintenance - $250.00
Real Estate Taxes - $450.00
Property Insurance - $125.00
Utilities - Gas & Water - $100.00
Monthly Operating Expenses - $925.00



Net Operating Income (NOI):
Total Annual Operating Income - $132,000.00
Total Annual Operating Expense - $11,100.00
Annual Net Operating Expense - $120,900.00



Capitalization Rate and Valuation:
Approximate Capitalization Rate - 5.26%
Purchase Price - $2,298,000

Amenities

Common Roof DeckCommon GardenCommon Outdoor SpaceWalk UpNorthern ExposureSouthern ExposureVoice Intercom

Location

Listing Agents

  1. Ellie Wald

    Listing Agent

    Compass

    ewald@compass.com

    P: 646.623.3424

  2. The Wald Team

    Listing Agent

    Compass

    waldteam@compass.com

    P: 646.593.8743

Building Information for 417 East 118th Street, Unit 3 Family

Stories3Residences1Year Built1901Building Size1,083.55 SF / 16.67' x 65'Lot Size1,682 SF / 17' x 101'Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$9,749 per month

30 year fixed, 3.51% Interest

Principal and Interest

$9,299

Property Taxes

$450

HOA Dues

$0

Similar Homes

Property History for 417 East 118th Street, Unit 3 Family

DateEvent & SourcePriceAppreciation
Jan 2, 2020Contract Out

Manual #2d64897bc3b4582836d1045823474d64e7b6b431

Sep 9, 2019Price Change

Manual #2d64897bc3b4582836d1045823474d64e7b6b431

$2,298,000
Aug 5, 2019Listed (Active)

Manual #2d64897bc3b4582836d1045823474d64e7b6b431

$2,478,000
DateEvent & SourcePrice
01/02/2020
Contract Out

Manual #2d64897bc3b4582836d1045823474d64e7b6b431

09/09/2019
Price Change

Manual #2d64897bc3b4582836d1045823474d64e7b6b431

$2,298,000
08/05/2019
Listed (Active)

Manual #2d64897bc3b4582836d1045823474d64e7b6b431

$2,478,000

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

Schools near 417 East 118th Street, Unit 3 Family

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Mount Carmel-Holy Rosary SchoolPrivatePK-80.1 mi
NR
Renaissance School Of The ArtsPublic6-80.1 mi
4
Coalition School For Social ChangePublic9-120.1 mi
2
Ps Ms 206 Jose Celso BarbosaPublic3-80.2 mi
3

Mount Carmel-Holy Rosary School

PK-8, 0.1 mi, Private

NR

Renaissance School Of The Arts

6-8, 0.1 mi, Public

4

Coalition School For Social Change

9-12, 0.1 mi, Public

2

Ps Ms 206 Jose Celso Barbosa

3-8, 0.2 mi, Public

3

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.

East Harlem
Historic Manhattan rich with cultural influences.

Neighborhood Map and Transit

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. No financial or legal advice provided. Equal Housing Opportunity.
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