8 Beds
8 Baths
4,520 SqFt
8 Beds
8 Baths
4,520 SqFt
OPEN HOUSE
Thu Feb 13, 11:30am - 12:30pm
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,520 sqft
Price per Sqft $518
MLS Listing ID KEY820388
Style Traditional,Victorian
Bedrooms 8
Full Baths 4
Half Baths 4
Originating Board onekey2
Rental Info No
Year Built 1909
Annual Tax Amount $7,764
Property Sub-Type Townhouse
Property Description
3 East 128th Street is a beautiful 20-foot wide Neo-Grec Four Family rental investment townhouse, in excellent condition and located in a desirable location in Central Harlem. This fully renovated brownstone townhouse is composed of four floor-through free-market two-bedroom one-and-a-half bath apartments, offering excellent cash flow and return on investment.
At fully 20 feet wide, this property provides approximately 4,520 square feet of space plus a clean, neat cellar and sunny backyard. The maximum buildable area is 6,000 square feet, thus there are an additional 1,480 square feet of available air rights.
All units boast high ceilings, large windows supplying abundant natural light, charming original details (moldings, window shutters, woodwork and mirrors), hardwood floors, exposed brick, open-plan kitchens with microwave and dishwasher, fully tiled bathrooms and spacious king-size bedrooms. Current rents in the area average approximately $3,250/month, and all units at the property are separately metered, allowing tenants to pay their own utilities. As such, this property offers outstanding potential for cash on cash return.
This lovely townhouse property is just a few steps from Harlem's Restaurant Row and shopping and entertainment on 125th Street. It is also conveniently close to transportation options including the 2/3 and B/C subway lines, the M2, M7 and M101 bus lines and Metro North. For recreation, 3 East 128th Street is nestled between Mount Morris Park and Morningside Park.
This property will be delivered with all paperwork provided and can come with free market tenants. Call today for more information and your private showing!
Location
State NY
County New York (manhattan)
Rooms
Basement Finished
Interior
Interior Features High Ceilings, High Speed Internet, Natural Woodwork, Open Floorplan, Open Kitchen, Original Details, Recessed Lighting
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher, Gas Cooktop, Gas Range, Microwave, Refrigerator
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Private, Water Connected
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brownstone
Schools
School District Manhattan 5
Others
Senior Community No
Special Listing Condition Bankruptcy Property, In Foreclosure
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