new - 11 hours on rocket

218 E 111th St, New York City, NY, 10029

$1,575,000

Home List Price

$10,000*

Closing Credit

16 Bedrooms
8 Full Baths
6,092 SqFt
$259/SqFt
Townhouse

Location

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218 E 111th St, New York$1,575,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Year Built1910
CoolingOther
ViewOther
MLS #RPLU-1457523196082
StatusActive

About 218 E 111th St

THE SOURCE OF THIS LISTING INFORMATION DID NOT ORIGINATE FROM THE RLS. PLEASE CONTACT AGENT TO VERIFY.<br>Alta Real Estate presents 218 East 111th Street.This well maintained 25' wide, 8 unit rental bldg is fully occupied and sits midblock 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 2 bed, 1 bath units and tenants pay for their own electric.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. 7 of the 8 units are rent stabilized, and one of the units is a free market apartment. 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. Please contact Rick Kelly of Alta Real Estate

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Living Area: 6,092 SqFt

Listing Office:

  • Office Name: ALTA Real Estate
  • Office Phone: (917) 204-6577
  • Listing Agent: Rick Kelly
  • Agent Phone: (917) 204-6577

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 8
  • Total Bedroom Count: 16

Exterior Features

Exterior Information:

  • View: Other

Utilities

Utilities Information:

  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,575,000
  • Price Per SqFt: $259/SqFt
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$852.2K

Med. Price/SqFt

$641

Avg. Days On Market

87

# of Sold Homes

2014

218 E 111th St vs New York

1 DAY ON ROCKET

-86 Days

$1,575,000

+$722.7K More

$259/SqFt

-$383 Less

KEY TAKEAWAY

This property is $722.7K more than the Median Sold Price and $383/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #RPLU-1457523196082

Listing Office:

  • Office Name: ALTA Real Estate
  • Office Phone: (917) 204-6577
  • Listing Agent: Rick Kelly
  • Agent Phone: (917) 204-6577

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 9/21/2024, 12:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,928

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,788

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-208264
6
/10

  • PS 83 Luis Munoz Rivera

  • 219 E 109th St

  • 0.08 miles

  • Public District Grades PK-5

school-card-donut-208265
7
/10

  • Bilingual Bicultural School (The)

  • 219 E 109th St

  • 0.08 miles

  • Public District Grades KG-5

school-card-donut-208266
2
/10

  • PS 102 Jacques Cartier

  • 315 E 113th St

  • 0.17 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,214. Most New York, NY residents have annual incomes less than $35k. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 218 E 111th St

What is the listing price of this property?

The listing price of 218 E 111th St property is $1,575,000.

What type of property is this?

The property 218 E 111th St is a townhouse located in New York City, New York, 10029.

Is this property for sale now?

Active Listing: 218 E 111th St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 218 E 111th St has 16 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 218 E 111th St is 6,092 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 218 E 111th St is 1910.

Rocket Homes›New York›New York›10029›218 E 111th St

This home is located at 218 E 111th St in New York City, NY and zip code 10029 in the East Harlem neighborhood. This 6,092 square foot home was built in 1910. Features: 16 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $1,575,000.

While more than 250 listings in New York, NY in August 2024 were sold above asking price, there were more than 919 listings sold at asking price, and more than 845 were sold below. In August 2024 in New York, NY there were 4.1% less homes for sale than in July 2024. Listings spent 87 days on the market in August 2024, and had a median list price of $852,246 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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