318 E 117th Street Unit BUILDING, New York, NY 10035

$3,995,000
11
BD
11
BA
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List Price
$3,995,000
Bedrooms
11
Bathrooms
11
Half-baths
2
Status
ACTIVE
Neighborhood
East Harlem
Region
Manhattan
MLS#
RPLU-5121674601
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Eric Janssen | Sales Executive/Associate Broker

Property Description

Fully occupied 8 unit rental building. All free market units. <br> Construction was completed May 2018<br> Over a 4% cap rate and only increasing as the rents recover from covid!<br> Yearly rental income: $257,700<br> Projected yearly income in 2025: $280,000<br> Yearly taxes: $58,162<br> <br> Only Two units per floor. Front and back with the staircase in the middle. <br> First floor - <br> Front unit is a massive studio duplex. The rear unit is a 2 bedroom duplex with a massive back yard.<br> Second Floor - <br> Two large 1 bedroom units with a dining alcove that most use as a home office. <br> Third Floor - <br> Identical to the second floor but these units have large balconies. <br> Fourth Floor - <br> Two units, both are 2-bedroom duplex units with a balcony on the main floor and a large roof deck on the upper level.<br> <br> All units have full sized washer dryers and high ceilings.

Eric Janssen | Sales Executive/Associate Broker
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Additional Information

Year Built
1915
Balcony
Yes
Pets Allowed
BuildingNo, No
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Listing courtesy of Douglas Elliman Real Estate.

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