Prime Free Market 4-Family Real Estate Opportunity in the Heart of East Harlem<br>Nestled in the historic neighborhood of East Harlem, this distinguished 4-Family property presents a unique investment opportunity for discerning buyers. Boasting a substantial four-unit composition, this property is thoughtfully configured with four, 1-Bedroom 1-Bath apartments that host an additional office space in each unit. The property also features a generous backyard area and a basement level with dimensions of 19 feet by 35 feet, the total square footage stands at an impressive 2,660 ft.², promising ample space for tenants and lucrative returns for investors. The best value yet is there is an additional 3,086 ft.² of unused FAR available to add on.<br>Highlights & Values:<br>• Optimal Flexibility: The property will be delivered 100% vacant, allowing potential owners to tailor the space according to their preferences and investment goals.<br>• Prime Location: Centrally located in East Harlem, this property sits at the nexus of convenience and charm. The iconic East River Plaza, home to Costco, Marshalls, Old Navy, Aldi & more is a stone’s throw away. This neighborhood offers a vibrant mix of shopping, dining, and entertainment options.<br>• Efficient Transit & Connectivity: Benefit from seamless transportation options, making daily commutes and leisurely travels equally convenient. <br>• Solid Income Potential: Given its size, location, and unit mix, this property is poised to provide a steady and significant income stream, making it a coveted asset for those looking to bolster their real estate portfolio.<br>Take the plunge into East Harlem's real estate market with this gem, perfectly positioned to offer both charm and profitability. Discover the allure of Harlem and the promise of a sound investment.
Property Details
Property Features
Property Information:
Architectural Style: Prewar, Walk-Up
Year Built: 1900
Living Area: 2,660 SqFt
Listing Office:
Office Name: Coldwell Banker Reliable Real Estate NYC
Office Phone: (718) 921-3100
Listing Agent: Jo-Sar Davis-Dacio
Agent Phone: (646) 721-4779
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 4
Price Information
Listing Price Info
Price Summary:
List Price: $1,700,000
Price Per SqFt: $639/SqFt
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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: 11/14/2024, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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.
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Nearby Schools
2
/10
P.S. 155 William Paca School
319 E 117th St
Distance between this listing and this school0.17 miles
Public District Grades KG-5
4
/10
River East Elementary School
2351 1st Ave
Distance between this listing and this school0.25 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 school0.45 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 school0.11 miles
Public District Grades 6-8
3
/10
Renaissance School of the Arts
319 E 117th St
Distance between this listing and this school0.17 miles
Public District Grades 6-8
3
/10
P.S. 206 Jose Celso Barbosa School
508 E 120th St
Distance between this listing and this school0.21 miles
Public District Grades 3-8
Nearby Schools
7
/10
Manhattan Center for Science & Mathematics
260 Pleasant Ave
Distance between this listing and this school0.11 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 school0.24 miles
Public Charter Grades KG-12
4
/10
Harlem Preparatory Charter School
240 E 123rd St Fl ST-1st
Distance between this listing and this school0.42 miles
The neighbors living near this home have an average income of $31,020. Residents of New York, NY typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 439 E 116th St in New York City, NY and zip code 10029 in the East Harlem neighborhood. This 2,660 square foot home was built in 1900. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $1,700,000.
Over 269 listings were sold over their listed price in October 2024 in New York, NY. In the same period over 833 listings were sold below the listed price and 850 listings were sold for the listed price. In October 2024 in New York, NY there were 1.8% more homes for sale than in September 2024. In October 2024, listings were on the market for 84 days. During the same period, the median list price in this real estate market was $856,124.
From Rocket Homes Real Estate and based on county public records data.