Prime Investment Opportunity in East Harlem
Address: 2025 3rd Ave, New York, NY, 10029
Price: $5,250,000 ($525,000/Unit)
Square Feet: 12,037 SF (Gross Building Area)
Type: 3 Star Mid-Rise Apartments
Overview:
Situated in the dynamic and growing East Harlem neighborhood, this 3-star mid-rise apartment building offers a lucrative investment opportunity for those seeking stabilized income and long-term value. Priced at $5,250,000, this property features 10 rent-stabilized units across a 4-story building, providing steady returns in one of New York City’s thriving urban districts.
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Key Features:
Strategic Urban Location:
Positioned on 3rd Avenue, the building benefits from its prime location, surrounded by a vibrant mix of residential communities, local businesses, and cultural hotspots. The area offers easy access to public transportation, dining, and entertainment, making it an attractive living option for tenants.
Spacious and Functional Layout:
With a Gross Building Area of 12,037 SF and a typical floor size of 3,010 SF, the property is thoughtfully designed to accommodate 10 units while maximizing functionality and tenant comfort.
Affordable and Stabilized Units:
All 10 units are rent-stabilized, providing a reliable and consistent income stream. This affordability ensures tenant retention while meeting the demand for cost-effective housing in the area.
Highlights:
- 12,037 SF Gross Building Area
- 10 rent-stabilized units across 4 stories
- Affordable price of $525,000 per unit
- Class B building with well-maintained infrastructure
- Convenient access to public transportation and neighborhood amenities
- Long-term investment potential with steady rental income
This property represents a rare opportunity to invest in a centrally located and fully stabilized apartment building in East Harlem. Whether you’re looking to diversify your portfolio or secure a stable income stream, this building offers unparalleled potential. Contact us today to learn more and explore the possibilities this asset holds!
