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SOLD: 8 Unit Multifamily Newly Renovated Investment Opportunity

SOLD: 8 Unit Multifamily Newly Renovated Investment Opportunity

SOLD: 8 Unit Multifamily Newly Renovated Investment Opportunity
Price
$2,999,000
Address
75 W 118th Street
Map Address
75, West 118th Street, East Harlem, Manhattan, New York, 10026
Zip/Postal Code
10026
Country
US
Location
Harlem, Manhattan, New York
Status
Sold
Property Type
Multi-Family
Building Size
5200 SF
Lot Size
2018 SF
Zoning
R7-2
Block
01717
Lot
0008
Property Tax Amount
$19,982
Annual Income
109800
Total Expenses
34582
NOI
75218
Residential Units
8
ERG Commercial Real Estate has been retained on an exclusive basis to arrange for the sale of 75 West 118th Street. Located in the heart of Harlem between Lenox and 5th Avenues. Subject property is eight blocks north of Central Park and 2 blocks from the 2 & 3 subway lines. in 2015 a full gut renovation was completed costing $1,000,000 and included electrical, plumbing and boilers. There are an additional 1,736 SF in air rights.