446 E 118th St Unit House, New York, NY 10035

$1,599,000
6
BD
4
BA
List Price
$1,599,000
Price Change
▼ $100,000 1613685608
Bedrooms
6
Bathrooms
4
Status
ACTIVE
Neighborhood
East Harlem
Region
Manhattan
MLS#
PRCH-2886133

Property Description

FIXER-UPPER This Brownstone is waiting for the right person to come in and give it some love. Bring your contractor designer and re-imagine this incredible home on a tree lined street amid East Harlem's Historic throw back to when this area was known as Italian Harlem. Today the romance of its heritage remains in places like Patsy's Pizzeria, Rao's Restaurant, Italian bakery's and barbershops. You can still walk the streets where some of its most famous residents like Al Pacino, Lou Gehrig, Marc Anthony and others called home. This Brownstone has 4 separate floors that can each be an apartment. The garden level duplex and two separate apartments. Each floor has approx. 1000 square feet and approx. 12 feet ceilings, beautiful hardwood floors, wood trim moldings, marble fireplaces and windows at each end of the building for cross ventilation! This building has three electrical meters is wired for a three-family home and the conversion should be easy. The Duplex apartment has access to both a front garden entrance and a beautiful private back yard! The basement of this home also boasts high ceilings and can be converted into a wonderful space. Brand new furnace and extremely low taxes. Expenses Monthly: Tax Bill $243, Heat/Electric $700.00 Water Bill $75 Insurance $200 POTENTIAL INCOME Apt 1 $3500 Apt 2 $2900 Apt 3 $3500 Apt 4 $2800 POTENTIAL CAP RATE 8%

Additional Information

Building Type
Walk-up
Year Built
1901
Building Type
Walk-up
Terrace
Yes
Pets
No pets
Washer Dryer Allowed
Yes
Washer Dryer
Yes
Garden
Yes

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Level Group Inc.

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