Great four story, 6 Unit SRO townhouse available in bustling East Harlem. This four story property is located along Harlem's renowned Lexington Avenue, making it an incredible New York find.
Built in 1955, this townhouse was designed as a Single Room Occupancy (SRO) residence. The ground floor and half of the first floor is a duplex with two bedrooms convertible to three. Five separate studio units, each with its own bathroom, span the rest of the four story property.
Lexington Avenue is one of New York's finest areas for dining and shopping. This historic townhouse is also close to an abundance of parks, schools, and community recreation centers.
Ground floor and half of first floor - duplex - two bedrooms convertible to three
1st floor- One studio with bathroom and sleeping loft
2nd floor - Two studios with two bathrooms
3rd floor - Two studios with two bathrooms
Projected rent roll:
1st floor - Apartment 1 - duplex - $4,000
Apartment 2 - studio - $1,200
Apartment 3 - studio - $1,200
Apartment 4 - studio - $1,200
Apartment 5 - studio - $1,200
Apartment 6 - studio - $1,200
Projected rent role: $120,000
Taxes - $35,000 per year.
Utilities - ~$7,000 per year.
Total Expenses: ~$42,000
Lot dimensions - 16.67 x 75
Building dimensions - 16.67 x 46