This weekend, we show by appointment Income producing, multi family building with commercial space on the first floor level, in prime East Harlem.

247 East 116th Street
New York NY 10029
Cross street:Second Avenue

Building

Type:Low-rise
Era:Post-war
Floors:4

Property

Ownership: Mixed Use
Rooms: 14
Bedrooms: 6 BR
Bathrooms: 4
Pets: Pets Unknown

Financials

Price: $3,300,000
587 Fifth Avenue New York, NY 10017
Fax:
Courtesy of Compass

Description

This weekend, we show by appointment** Income producing, multi-family building with commercial space on the first-floor level, in prime East Harlem. This beautiful brownstone has three large free-market apartments in addition to a 1200 +/- sq. ft retail space that currently houses a dental office - based on the building zoning overlay, the retail space can be used for a retail store, an office and possibly even a restaurant. Great opportunity for investors with a good CAP rate and an outstanding upside (over 5% CAP rate). Inquire for the setup sheet. Situated on East 116th Street between 3rd and 2nd avenue, this is a very central location with shops, cafe's, restaurants and quick access to the 6 train and crosstown buses. The building will be delivered vacant.

Amenities

  • Terrace
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

This weekend, we show by appointment Income producing, multi family building with commercial space on the first floor level, in prime East Harlem.

Description

This weekend, we show by appointment** Income producing, multi-family building with commercial space on the first-floor level, in prime East Harlem. This beautiful brownstone has three large free-market apartments in addition to a 1200 +/- sq. ft retail space that currently houses a dental office - based on the building zoning overlay, the retail space can be used for a retail store, an office and possibly even a restaurant. Great opportunity for investors with a good CAP rate and an outstanding upside (over 5% CAP rate). Inquire for the setup sheet. Situated on East 116th Street between 3rd and 2nd avenue, this is a very central location with shops, cafe's, restaurants and quick access to the 6 train and crosstown buses. The building will be delivered vacant.

Amenities

  • Terrace
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.