Introducing a distinguished income-generating property at 273 Pleasant Ave, nestled in the vibrant neighborhood of East Harlem. This prime free market, value-add property is ready for a new owner seeking either passive income or a redevelopment opportunity. The property features One 1 bed, 1 bath and Three 2 bed, 1bath apartments. There are 13-foot ceilings on the 2nd floor, exposed brick a delightful rear garden for the first floor tenant and an offering of everyday conveniences central to this pocket of Harlem. 273 Pleasant Ave offers four fully free-market units, offering versatility and the potential for substantial income. Rents are current and roughly 52% below market rate for comparable renovated units. Located near the beautiful Thomas Jefferson Park which offers numerous sports fields, a dog park, and community pool on the Harlem River waterfront. The property is also located at the doorstep of the Manhattan Center for Science and Mathematics, as well as the iconic (and impossible to get a reservation) Rao’s Italian restaurant. Offering an impressive proforma cap rate of 5.5% and situated between two properties that are in the process of being redeveloped, this property has can be delivered vacant, or with tenants in place to maintain cash flow while the purchaser finalizes plans to reposition the property. Seize this excellent opportunity to invest in East Harlem — a property that promises not just returns but also the potential to make a unique mark in a thriving community. **As per owner, no access will be allowed until after accepted offer.**
Property Details
Property Features
Property Information:
Architectural Style: Walk-Up
Year Built: 1900
Listing Office:
Office Name: Compass
Office Phone: (212) 913-9058
Listing Agent: Sean Sasso
Agent Phone: (917) 702-6660
Interior Features
Interior Information:
Basement: Yes
Flooring Type: Hardwood, Laminate
Interior: High Ceilings
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 8
Exterior Features
Exterior Information:
Exterior: Garden, Private Yard
Parking Information:
Attached Garage: No
Utilities
Utilities Information:
Heating: Baseboard, Natural Gas
Price Information
Listing Price Info
Price Summary:
List Price: $2,495,000
HOA Fees:
Amount: $0
Frequency: Monthly
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in New York, NY.
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: 11/22/2024, 11:20:52 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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$12.5K
Per Month
Principal & Interest
$12.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$7,547
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
P.S. 155 William Paca School
319 E 117th St
Distance between this listing and this school0.24 miles
Public District Grades KG-5
4
/10
River East Elementary School
2351 1st Ave
Distance between this listing and this school0.35 miles
Public District Grades PK-5
7
/10
P.S. 83 Luis Munoz Rivera School
219 E 109th St
Distance between this listing and this school0.40 miles
Public District Grades KG-5
Nearby Schools
4
/10
Isaac Newton Middle Sschool for Math and Science
260 Pleasant Ave
Distance between this listing and this school0.06 miles
Public District Grades 6-8
2
/10
P.S. 102 Jacques Cartier School
315 E 113th St
Distance between this listing and this school0.22 miles
Public District Grades PK-8
3
/10
Renaissance School of the Arts
319 E 117th St
Distance between this listing and this school0.24 miles
Public District Grades 6-8
Nearby Schools
7
/10
Manhattan Center for Science & Mathematics
260 Pleasant Ave
Distance between this listing and this school0.06 miles
Public District Grades 9-12
7
/10
Harlem Village Academy East Charter School
2351 1st Ave Fl AVE-4th
Distance between this listing and this school0.35 miles
Public Charter Grades KG-12
3
/10
Esperanza Preparatory Academy
240 E 109th St
Distance between this listing and this school0.43 miles
The neighbors living near this home have an average income of $34,519. Typical income of New York, NY residents is less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 273 Pleasant Ave
What is the listing price of this property?
The listing price of 273 Pleasant Ave property is $2,495,000.
What type of property is this?
The property 273 Pleasant Ave is a townhouse located in New York City, New York, 10029.
Is this property for sale now?
Active Listing: 273 Pleasant Ave is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 273 Pleasant Ave has 8 bedrooms and 4 bathrooms.
What is the square footage of this property?
The sq. ft. of 273 Pleasant Ave is not available (source: MLS/tax record).
Which year was this property built?
The year of construction for 273 Pleasant Ave is 1900.
This home is located at 273 Pleasant Ave in New York City, NY and zip code 10029 in the East Harlem neighborhood. This home was built in 1900. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $2,495,000.
New York, NY housing market in October 2024 saw over 269 listings sold above listed price, more than 850 sold at listed price and over 833 sold below. The number of listings in New York, NY increased by 1.8% between September 2024 and October 2024. Listings spent 84 days on the market in October 2024, and had a median list price of $856,124 during the same period.
From Rocket Homes Real Estate and based on county public records data.