Timeless 20 Foot Wide 5 Family Brownstone, East Harlem. $2,150,000

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Kevin Cargon
Licensed Associate Broker
Phone: 347-698-3106
Liang Li
Licensed Real Estate Salesperson
Phone: 347.860.5005
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: 718-707-0200
Fax: 718-707-0233
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EXCLUSIVE

Location

342 E 120th St
New York NY 10035

Property

Ownership: Multi-Family
Type: House
Pets: Unknown
Area: 3600 sq ft

Financials

Price: $2,150,000
Annual Taxes: $5,879

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Description

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.

Neighborhood

More listings: Harlem

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.