135 E 110th St - Apartments FOR SALE


New York, NY 10029- East Harlem
$8,995,000 USD
917-952-0196
135 E 110th St, New York, NY for Sale
$8,995,000 USD
Apartments - FOR SALE
1/8
null | 4.7% Cap Rate

135 E 110th St
New York, NY 10029
East Harlem


HIGHLIGHTS

  • Licensed to operate as Hotel/ VRBO with short term stays available
  • Lots of natural light. Close to all transportation, nearby restaurants and Central Park.
  • Open plans with lots of exposed brick.
  • No rent stabilized or rent controlled units
  • 2 commercial stores on the ground floor

OVERVIEW

135 East 110th Executive Summary Berkshire Hathaway NY Properties has been exclusively retained to arrange for the sale of 135 East 110th Street, a 5 story mixed use building located on the Upper East Side of Manhattan in the East Harlem neighborhood. i ***This building is currently and legally licensed to operate as a Hotel/ VRBO by New York City*** Situated 2 blocks from Central Park between Park and Lexington Avenues, 135 East 110th presents a unique investment opportunity showing high income and various options for consideration. In addition to the fact that none of the 18 units of the property are either rent controlled or rent stabilized the property’s unique Certificate of Occupancy designates : 2 retail stores on ground level, Lodging house class B sleeping rooms on floors 1 thru 3 short term rental units ) and Class A residential units on floors 3 thru 5 that can be rented out for not less than 30 days. This allows the building to offer short term rentals through VRBO or other short term opportunities which maximizes income producing in excess of $60 psf annually. The building is well maintained and in excellent condition. Of the two commercial units, one can be delivered vacant and the other has a lease that ends in March 2027 with a preference to renew lease and to also expand into vacant ground floor space

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$900 USD /SF

# OF UNITS

18

PRICE/UNIT

$499,722

CAP RATE

4.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R7-2,New York(C7)

APN/PARCEL ID

1638-0014

ASK ABOUT THIS PROPERTY

Eric JanssenBerkshire Hathaway HomeServices NY PropertiesMore Info
917-952-0196

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Eric JanssenBerkshire Hathaway HomeServices NY PropertiesMore Info
917-952-0196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.