303 E 119th St - Apartments FOR SALE


New York, NY 10035- East Harlem
$3,495,000 USD
929-226-3347
303 E 119th St, New York, NY for Sale
$3,495,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

303 E 119th St
New York, NY 10035
East Harlem


HIGHLIGHTS

  • Commercial spaces are M-M with upside in current retail
  • Additional air rights of ~8,264 SF
  • Ideally located near East 116th Street, a vibrant retail corridor featuring a diverse mix of restaurants, bars, and local shops

OVERVIEW

Investment Property Realty Group (IPRG) has been retained on an exclusive basis to arrange for the sale of 2322 2nd Avenue, a 4-story, 6,122 SF, 16-unit walk-up apartment building. The subject property is ideally located on the northeast corner of 2nd Avenue and East 119th Street, a few blocks away from the 6-subway station at Lexington Avenue and East 116th Street. It is surrounded by numerous new developments and sits one block away from the planned 118th Street 2nd Avenue subway entrance. The subject property is comprised of 13 Class B apartments, 1 Class A apartment, and 2 commercial stores. The Class A apartment and 1 Class B apartment are currently vacant. Highlights: - Commercial spaces are M-M with upside in current retail - Additional air rights of ~8,264 SF - Ideally located near East 116th Street, a vibrant retail corridor featuring a diverse mix of restaurants, bars, and local shops

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$571 USD /SF

# OF UNITS

16

PRICE/UNIT

$218,438

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R9A, C2-5, TA, EHC

APN/PARCEL ID

1796-0001

ASK ABOUT THIS PROPERTY

Noah TrugmanInvestment Property Realty GroupMore Info
929-226-3347

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Noah TrugmanInvestment Property Realty GroupMore Info
929-226-3347

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