2 months on rocket

439 E 116th St, New York, NY, 10029

$1,700,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths
2,660 SqFt
$639/SqFt
Multi

Location

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439 E 116th St, New York$1,700,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1900
HeatingOther
CoolingNone
MLS #3573228
Lot Size0.06 Acres
StatusActive
(A)

About 439 E 116th St

Prime Free Market 4-Family Real Estate Opportunity in the Heart of East Harlem 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.?, promising ample space for tenants and lucrative returns for investors. The best value yet is there is an additional 3,086 ft.? of unused FAR available to add on. Highlights & Values: ? Optimal Flexibility: The property will be delivered 100% vacant, allowing potential owners to tailor the space according to their preferences and investment goals. ? 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. ? Efficient Transit & Connectivity: Benefit from seamless transportation options, making daily commutes and leisurely travels equally convenient.? ? 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. 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: Other
  • Year Built: 1900
  • Living Area: 2,660 SqFt

Listing Office:

  • Office Name: Coldwell Banker Reliable R E
  • Office Phone: (718) 921-3100

Interior Features

Interior Information:

  • Appliances: Microwave
  • Flooring Type: Hardwood

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: None

Other

Directions Information:

  • Directions: Google Maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,700,000
  • Price Per SqFt: $639/SqFt

Tax Information:

  • Annual Amount: $4,695
  • Tax Year: 2020
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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

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

439 E 116th St vs New York

87 DAYS ON ROCKET

+3 Days

$1,700,000

+$843.8K More

$639/SqFt

-$6 Less

KEY TAKEAWAY

This property is $843.8K more than the Median Sold Price and $6/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #3573228

Listing Office:

  • Office Name: Coldwell Banker Reliable R E
  • Office Phone: (718) 921-3100

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
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, 5:11:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,695$213,750
2018$4,254$33,735
2017$3,733$31,274

History based on county public records data.

Payment Calculator

$8,552

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,163

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-234188
2
/10

  • P.S. 155 William Paca School

  • 319 E 117th St

  • 0.17 miles

  • Public District Grades KG-5

school-card-donut-234189
4
/10

  • River East Elementary School

  • 2351 1st Ave

  • 0.25 miles

  • Public District Grades PK-5

school-card-donut-234190
7
/10

  • P.S. 83 Luis Munoz Rivera School

  • 219 E 109th St

  • 0.45 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,020. Most New York, NY residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›New York›10029›439 E 116th St

This home is located at 439 E 116th St in New York, NY and zip code 10029 in the East Harlem neighborhood. This 2,660 square foot home, which was built in 1900, sits on a 0.06 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 19, 2024 and is currently priced at $1,700,000.

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 homes for sale in New York, NY increased by 1.8% between September 2024 and October 2024. In October 2024 median list price was $856,124 and the average listing age was 84 days.

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

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