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.
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
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.
The 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: 11/23/2024, 10:56:51 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
YEAR
PROP. TAX
ASSESSMENT
2020
$4,695
$213,750
2018
$4,254
$33,735
2017
$3,733
$31,274
History based on county public records data.
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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.
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 school0.17 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. The most common annual income of people living in New York, NY is less than $35k. Residents typically live in single, no kids family. 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, 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.
In October 2024, from all listings sold in New York, NY there were more than 269 sold above asking price, over 833 sold below and more than 850 were sold right at the asked price. The number of homes for sale in New York, NY increased by 1.8% between September 2024 and October 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.