Multi-family

Investment Opportunity in Harlem – 2000-2002 3rd Ave, New York, NY
Presenting a prime investment property at 2000-2002 3rd Avenue, located in the bustling neighborhood of Harlem. Priced at $4,200,000, this mid-rise apartment building is an attractive choice for investors looking to expand their portfolio in New York City. With a strategic urban location and market-rate units, this property provides stable income potential in a high-demand area.

Property Details:

• Address: 2000-2002 3rd Avenue, New York, NY 10029
• Asking Price: $4,200,000 ($210,000 per unit)
• Gross Building Area (GBA): 13,896 sq. ft.
• Typical Floor Size: 3,474 sq. ft.
• Stories: 4
• Units: 20 residential units
• Building Class: C
• Location: Harlem, New York City
• Market Segment: All
• Rent Type: Market Rate

Key Features:

Excellent Urban Location in Harlem
Situated in Harlem, this property offers excellent access to retail, dining, and public transportation options, attracting a broad tenant base. The location’s appeal to both locals and newcomers makes it ideal for investors seeking properties with high occupancy rates.

Strong Income Potential
With 20 units across four stories and a unit density of 224 units per acre, this property offers steady cash flow potential through market-rate rentals. Its competitive per-unit price adds further investment appeal, providing excellent value in an evolving market.

Outstanding Investment in New York’s Resilient Housing Market
At $4,200,000, this mid-rise property in Harlem offers a compelling investment opportunity. Its prime location, market-rate units, and efficient layout make it well-suited for investors aiming to capitalize on the growth of New York’s rental market.

Conclusion:
2000-2002 3rd Avenue is an exceptional choice for investors focused on Harlem’s dynamic real estate market. With a central location, 20 market-rate units, and strong income potential, this property stands out as a stable investment in a rapidly developing neighborhood.