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For Sale

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$1,799,000

420 East 117th Street

420 East 117th Street, East Harlem, NY 10035

Description

This exceptional four-story townhouse in Manhattan offers an outstanding investment opportunity for those seeking a steady, profitable rental income. Comprising four two-bedroom units, this property is priced attractively and is FHA eligible, providing potential buyers with the advantage of a low down payment and reduced closing costs.

Each apartment is fully self-contained with its own boiler, electric meter, and gas meter, allowing tenants to cover their utility costs independently. Additionally, a laundry room in the cellar adds extra convenience for tenants and presents a possible income stream for the owner.

Located in a highly sought-after neighborhood, this property is surrounded by a vibrant art and culinary scene, offering countless entertainment and dining options. It’s also just a short walk from major shopping hubs like East River Plaza, which features popular retailers such as Target, Planet Fitness, Aldi, and Costco.

The recent rezoning and growing investment in the area further enhance this townhouse’s appeal. With well-maintained units, updated appliances, regular boiler maintenance, and updated hot water heaters, this property stands out as a rare find in a rapidly developing neighborhood.

Don’t miss the opportunity to invest in this lucrative and well-positioned property. Contact us today to arrange a viewing!

Features

8 Beds

5 Baths

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 420 East 117th Street, East Harlem, NY 10035. We are reviewing your request and will be in touch shortly!

Features & Amenities

Interior

Total Bedrooms 8
Total Bathrooms 5
Full Bathrooms 5

Area & Lot

Status For Sale
Type Multi-Family
Year Built 1890
Neighborhood East Harlem

Financial

SALES PRICE $1,799,000
 Martin

Martin Eiden

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East Harlem

It has become a cultural haven, from its title as the birthplace of the salsa and the graffiti movements.

Work With Us

Our team is passionate about real estate, and is a valuable resource for real estate knowledge and guidance. We look forward to working with you!

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