5 Family, 20 Foot Wide Brownstone for Sale!.
The property is a 20-foot wide brick townhouse facing north onto 120th street between 1st and 2nd Avenue. The property is built as a 5 family with 4 rent stabilized one bedrooms on the 3rd and 4th floors. The owner currently occupies the ground and parlor floor as a large duplex. The property is easy to convert to a 6 unit as this is what the existing CofO shows. The building is in great shape, and the roof is only a few years old. We are offering this beautiful brownstone for half the price of what other brownstones of this size and style are selling for in the neighborhood.
East Harlem is one of the last neighborhoods in Manhattan where you can strike goldmine deals. This property sits only a block away from where the second avenue subway line will be opening up. There is a massive amount of new developments that consists of luxury rentals and condos. East Harlem is going through an obvious massive change. For the right investor, this is a diamond in the rough opportunity that will not last ! Call us for a showing.