155 E 108th St
New York, NY 10029

CO-EXCLUSIVE
Cross street:Lexington Avenue
Floor:4th

Property

Ownership: For Sale
Type: Mid-rise
Pets: Pets Allowed
Lot Size: 4100 sq ft

Financials

Price: $2,200,000

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Steve D Landfield, MBA, JD
Licensed Real Estate Salesperson
New York State Approved Real Estate Instructor
Commercial
505 Park Ave, New York, NY 10022

Description

Property currently consists of a 4-story with approximately 4100SF if keeping the existing building as investment property this building is in excellent condition. 7 apartments Building expenses ONLY$8,200 Per year!**

A 4-story plus basement, approximately 4,200 sf gross square foot walk-up apartment building located in the highly coveted central location right on Lexington ave and the new Costco on East 117th St and steps from the Jefferson Park and FDR Drive with the revitalization of Harlem makes this growing community one of Upper East Side' s most vibrant neighborhood of Manhattan.  Built around 1920, the property is situated on the north side of East 108th Street between Third Ave and Lexington.  There are 7-residential apartments all at fair market that provide significant upside potential for the value-add type of investor. The unit mix is comprised of three (3) two-bedroom apartments, two (2) one-bedroom apartments and two (2) studios. This is an excellent opportunity for an investor who is looking for strong-in place cash flow with long-term upside in the below market rents. Each unit is equipped with a central air system and a washer and dryer, equipped with brand new stainless steel appliances, hard wood floors, building is currently fully occupied.

*ALL FREE MARKET RENTS*

Property currently generates $149,400.00 Per Year.   

Neighborhood

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Stable Investment Property, 7-APTs, Low Expenses, Excellent Condition!


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.