Status: Available

318 East 117TH Street, #BUILDING

East Harlem

$3,995,000
 |  11 Beds  |  10. Baths  |  0SF

Description

Fully occupied 8 unit rental building. All free market units.
Construction was completed May 2018
Over a 4% cap rate and only increasing as the rents recover from covid!
Yearly rental income: $257,700
Projected yearly income in 2025: $280,000
Yearly taxes: $58,162

Only Two units per floor. Front and back with the staircase in the middle.
First floor -
Front unit is a massive studio duplex. The rear unit is a 2 bedroom duplex with a massive back yard.
Second Floor -
Two large 1 bedroom units with a dining alcove that most use as a home office.
Third Floor -
Identical to the second floor but these units have large balconies.
Fourth Floor -
Two units, both are 2-bedroom duplex units with a balcony on the main floor and a large roof deck on the upper level.

All units have full sized washer dryers and high ceilings. Listing courtesy of Douglas Elliman Real Estate

Property Details

  • Condo

Amenities

  • Balcony; WasherDryerAllowed; Pets: UnitNo
  • BuildingNo

The Neighborhood

East
Harlem
Clinton Hill

For information on 318 East 117TH Street, #BUILDING contact:

realtor top real estate agent

Jacob Goldman

Founder, Principal Broker

212-388-1115

Founder, Principal Broker
listings@lohorealty.com
212-388-1115

Listing courtesy of Douglas Elliman Real Estate
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