Description

This three-family townhouse in Central Harlem offers an excellent investment opportunity at 4% Cap rate or the potential for conversion into a single-family home. Currently fully leased and 100% free-market. It features 3,552 sq. ft. of interior space, including a finished 888 sq. ft. basement with a bathroom. The triplex includes three bedrooms, two bathrooms, and an open kitchen, with high ceilings and central AC in each unit. The basement can serve as an art studio, office, or recreation room. Located on a beautiful tree-lined street, the property is near the 2/3, A/B/C trains, and several bus routes, providing easy access to Midtown. Positioned in a rapidly appreciating market, it offers great future value potential. Rent Roll Status Beds Baths Monthly Annual Duplex FM 3 2 4,500 54,000 Triplex FM 3 1 6,000 72,000 3F FM 1 1 2,500 30,000 4F FM 1 1 2,400 28,800 Total 5 5 15,400 112,800 Total with Triplex 130,800 Expenses Annual Real Estate Taxes Actual 5,941 Insurance Actual 5,157 Gas Tenants pay Water & Swer 2,500 Common Electric Actual 35 420 Super Actual 300 3,600 Total 17,618 Financial Summary Net Operating Income 95,182 Projected Net Operating Income 113,182 Italic - projected Listing courtesy of Nest Seekers LLC ...
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