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318 East 117th St., New York, NY 10035

$3,995,000
Active Listing
Listing Details:
$3,995,000 Price
Condop Property Type
East Harlem Neighborhood
11 Beds
11 Baths
-- Approx. Sq. Ft.
$4,847 RET
Key Features:
Prewar
Rooftop Access
Unit Balcony
Unit Laundry
Description:

Fully occupied 8 unit rental building. All free market units.
Construction was completed May 2018
Over a 4% cap rate and only increasing as the rents recover from covid!
Yearly rental income: $257,700
Projected yearly income in 2025: $280,000
Yearly taxes: $58,162

Only Two units per floor. Front and back with the staircase in the middle.
First floor -
Front unit is a massive studio duplex. The rear unit is a 2 bedroom duplex with a massive back yard.
Second Floor -
Two large 1 bedroom units with a dining alcove that most use as a home office.
Third Floor -
Identical to the second floor but these units have large balconies.
Fourth Floor -
Two units, both are 2-bedroom duplex units with a balcony on the main floor and a large roof deck on the upper level.

All units have full sized washer dryers and high ceilings.

Listing courtesy of Douglas Elliman Real Estate

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