Building & Unit Features
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.
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.
Floor: 1
Stories: 4
Units: 8
Total Rooms: 32
Pet Policy: Pets OK
Courtesy Of ALTA Real Estate
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