8 Unit Multifamily Newly Renovated Investment Opportunity

75, West 118th Street, East Harlem, Manhattan, New York, 10026
$2,999,000

Description

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.

Property Documents

Detail

  • Price: $2,999,000
  • Building Size: 5200 SF
  • Lot Size: 2018 SF
  • Property Type: Multi-Family
  • Property Tax Amount: $19,982
  • Block: 01717
  • Lot: 0008
  • Zoning: R7-2
  • Residential Units: 8
  • Annual Income: 109800
  • Total Expenses: 34582
  • NOI: 75218
  • Address: 75 W 118th Street
  • City: Manhattan
  • State/County: New York
  • Zip/Postal Code: 10026
  • Neighborhood: Harlem
  • Country: United States

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All information furnished here is deemed reliable, however it is submitted subject to errors, omissions, change of terms and conditions, prior sale or withdrawal without notice. We do not represent or guarantee the accuracy of any information contained herein and we are not liable for any reliance there on. Thus any prospective purchaser should independently verify all items deemed relevance to its due diligence enquiry with respect to the property, notwithstanding that the sender believes information be true and/or reasonable.