Multi-family

Key Features:

• Prime Urban Location: Situated in East Harlem, this property benefits from proximity to cultural landmarks, parks, restaurants, and public transportation, making it highly desirable to tenants.
• Stable Income Potential: With 14 spacious units averaging 1,000 square feet each, this property offers consistent market-rate rental income with room for potential growth.
• Modern Mid-Rise Design: Spanning seven stories with a Gross Building Area of 13,424 square feet, the building features functional layouts with a typical floor area of 3,455 square feet.
• Attractive Investment Metrics: A cap rate of 4.70% and a price per unit of $642,857 make this an enticing option for investors seeking a balance of income and appreciation potential.
• Strategic Neighborhood Growth: East Harlem continues to attract residents and businesses, enhancing the property’s long-term value and tenant appeal.

Conclusion:

71 East 110th Street represents an exceptional investment opportunity in Manhattan’s dynamic East Harlem neighborhood. With its combination of stable income, strategic location, and competitive pricing, this mid-rise property is an ideal addition to any real estate portfolio. Secure your stake in one of New York City’s most promising areas today.