439 East 116th Street
East Harlem, NYC
$1,700,000 Price
4 Bedrooms   4.0 Baths

439 East 116th Street, East Harlem, NYC

Prime Free Market 4-Family Real Estate Opportunity in the Heart of East Harlem Nestled in the historic neighborhood of East Harlem, this distinguished 4-Family property presents a unique investment opportunity for discerning buyers. Boasting a substantial four-unit composition, this property is thoughtfully configured with four, 1-Bedroom 1-Bath apartments...

Prime Free Market 4-Family Real Estate Opportunity in the Heart of East Harlem Nestled in the historic neighborhood of East Harlem, this distinguished 4-Family property presents a unique investment opportunity for discerning buyers. Boasting a substantial four-unit composition, this property is thoughtfully configured with four, 1-Bedroom 1-Bath apartments that host an additional office space in each unit. The property also features a generous backyard area and a basement level with dimensions of 19 feet by 35 feet, the total square footage stands at an impressive 2,660 ft.², promising ample space for tenants and lucrative returns for investors. The best value yet is there is an additional 3,086 ft.² of unused FAR available to add on. Highlights & Values: • Optimal Flexibility: The property will be delivered 100% vacant, allowing potential owners to tailor the space according to their preferences and investment goals. • Prime Location: Centrally located in East Harlem, this property sits at the nexus of convenience and charm. The iconic East River Plaza, home to Costco, Marshalls, Old Navy, Aldi & more is a stone’s throw away. This neighborhood offers a vibrant mix of shopping, dining, and entertainment options. • Efficient Transit & Connectivity: Benefit from seamless transportation options, making daily commutes and leisurely travels equally convenient.  • Solid Income Potential: Given its size, location, and unit mix, this property is poised to provide a steady and significant income stream, making it a coveted asset for those looking to bolster their real estate portfolio. Take the plunge into East Harlem's real estate market with this gem, perfectly positioned to offer both charm and profitability. Discover the allure of Harlem and the promise of a sound investment.

Courtesy of Coldwell Banker Reliable Real Estate NYC

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

East Harlem, NYC
Type:
Price: $1,700,000
Last Updated: 11/14/2024
Web ID: 1081573951

Info & Amenities

Rooms: 15.0
Bedrooms: 4
Bathrooms: 4.0
Built: 1900
Pets allowed: Yes

Get to Know Harlem

Located in Upper Manhattan, Harlem is a vibrant, historic New York neighborhood bounded by Central Park, East Harlem, Washington Heights, and Morningside Heights. Renowned for its rich array of shopping, dining, cultural, and entertainment offerings, the neighborhood is one of Manhattan's most well-known. Here, you can find everything from trendy eateries and nightclubs to theaters and jazz clubs that have had an indelible impact on New York City's history and culture.

More About Harlem

Neighborhood Guide to Harlem