Description

Seize the chance to own a high-end, tenant-occupied apartment in the thriving neighborhood of South Harlem. This investment opportunity offers significant yield potential, backed by robust real estate growth and long-term tax advantages.

This is more than just a stylish, well-equipped apartment; it's a sustainable revenue generator. The property comes with a reliable, well-qualified tenant in place, who contributes a substantial monthly rent of $3,500 (Lease Expires 01/31/2024). What's more, with a 421A tax abatement valid for another 18 years, you can look forward to a substantial reduction in property taxes, enhancing your net return on investment.

Step into an elegant, open living room illuminated by contemporary recessed lighting. Experience the convenience and luxury of a Daikin split air conditioning system, providing customized temperature control for each room, all year round. With two bedrooms boasting custom closets, storage concerns become a thing of the past. The master suite enhances comfort and practicality with its attached half bathroom.

Embrace intelligent investing with this chic income-generating property in South Harlem. Maximize your portfolio's value by capitalizing on the thriving real estate market. Seize this opportunity now for long-term rewards.
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Building Features 9 Floors20 Units

elevator
intercom
courtyard
gym
pet friendly
storage
laundry
View all 7 building features

Unit Features

garage
Exposures: North
Pet Policy: UnitNo

$850,000 / $924 per ft²

Listed on Feb 23, 2024

60 Days on Market

2 Beds / 1.5 Baths / 919 ft²

Total Monthly expenses: $433

Maintenance: $394 / R.E. Taxes $39

Exclusively listed with: Corcoran Group Source: RLS

Shail Barot

sunny.barot@corcoran.com

(929) 273-8757

Listing Courtesy of Corcoran Group View Listing

Unit listing history

Date Status Amount Listed by Owner Name
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