See all 8 photos

$1,995,000

Est. payment - /mo

Save

1,128 Sqft Lot

Active

1889 Lexington AVE New York (manhattan), NY 10035

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Jan

Fri

Jan

Sat

Jan

Omar Harper

myagentomarharper@gmail.com +1(845) 209-0133

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 934278

Rental Info No

Year Built 1890

Annual Tax Amount $12,708

Lot Size 1,128 Sqft

Acres 0.0259

Property Sub-Type Multi Family

Source onekey2

Property Description

*. Excellent opportunity to acquire a 12-UNIT multifamily building in the heart of East Harlem, NY. This well-maintained, Fire Sprinkler installed, renovated walk-up property is filled with spacious pre-war apartments, ranging from Bedrooms (x5), Studios (x6) and Two-Bedroom Apt (x1) that attract a strong rental demand and provide steady cash flow. Fully occupied, all apartments are rent-stabilized, with no rent control. Rental Income: $160,200, Operating Expense:$40,506, Net Oper Income: $119,694. The building is situated in a prime location, surrounded by numerous shopping and dining options.
*. For Hotel, this building is zoned for Hotel operation if desired.
*. For Maximum buildable area, you even can build extra three stories (x3) if needed.
*. With a CAP rate 6% as well as $120,000 annually in Net Profit, the property offers immediate income as well as long-term appreciation potential. Detailed ROI can be provided upon request.

Location

State NY

County New York (manhattan)

Rooms

Basement Finished, Full

Interior

Heating Steam

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, See Remarks, Sewer Connected, Trash Collection Public, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 7 Samuel Stern

Others

Special Listing Condition None

Listed by Chous Realty Group Inc • Wen Pin Tsai

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

10

P.S. 59 Beekman Hill International School

Public | KG - 5
10

P.S. 452 Manhattan

Public | PK - 5
10

P.S. 267 East Side Elementary School

Public | KG - 5
10

P.S. 6 Lillie D. Blake School

Public | KG - 5
10

P.S. 183 Robert L. Stevenson School

Public | KG - 5
10

P.S. 290 Manhattan New School

Public | KG - 5
10

P.S. 158 Bayard Taylor School

Public | KG - 6
10

PS 77 Lower Lab School

Public | KG - 5
10

P.S. 527 East Side School For Social Action

Public | KG - 2
10

Tag Young Scholars

Public | KG - 8
10

Harlem Success Academy Charter School 2

Public | KG - 6
9

P.S. 199 Jessie Isador Straus School

Public | KG - 5
9

Anderson School (The)

Public | KG - 8
9

P.S. 87 William Sherman School

Public | KG - 5
9

Middle School 243 Center School

Public | 5 - 8
9

P.S. 9 Sarah Anderson School

Public | PK - 5
9

Harlem Success Academy Charter School 4

Public | KG - 6
9

P.S. 171 Patrick Henry School

Public | KG - 8
9

Dream Charter School

Public | KG - 6
9

Harlem Success Academy Charter School 3

Public | KG - 6

Middle Schools 20

10

Mott Hall II

Public | 6 - 8
10

Jr High School 54 Booker T Washington

Public | 6 - 8
10

J.H.S. 167 Robert F. Wagner School

Public | 6 - 8
10

East Side Middle School

Public | 6 - 8
9

Middle School 245 the Computer School

Public | 6 - 8
9

Columbia Secondary School

Public | 6 - 12
9

Mott Hall School (The)

Public | 6 - 8
8

Middle School 247 Dual Language Middle School

Public | 6 - 8
8

Young Women's Leadership School

Public | 6 - 12
7

Community Action School-Middle School 258

Public | 6 - 8
6

Democracy Preparatory Charter School

Public | 6 - 12
6

M.S. 319 Maria Teresa

Public | 6 - 8
6

I.S. 204 Oliver W. Holmes School

Public | 6 - 8
5

Middle School 256 Academic and Athletic Excellence

Public | 6 - 8
5

West Preparatory Academy

Public | 6 - 8
5

Frederick Douglass Academy II Secondary School

Public | 6 - 12
5

Democracy Preparatory Harlem Charter School

Public | 6 - 9
5

Community Health Academy of The Heights

Public | 6 - 8
5

Renaissance School of the Arts

Public | 6 - 8
5

M.S. 324 Patria

Public | 6 - 8

High Schools 20

10

Eleanor Roosevelt High School

Public | 9 - 12
9

Fiorello H Laguardia High School of Music, Art and Performing Arts

Public | 9 - 12
9

High School Math Science and Engineering at Ccny

Public | 9 - 12
8

Manhattan/Hunter Science High School

Public | 9 - 12
8

Manhattan Center for Science & Mathematics

Public | 9 - 12
7

Talent Unlimited High School

Public | 9 - 12
7

Central Park East High School

Public | 9 - 12
6

Frank Mccourt High School

Public | 9 - 12
6

Park East High School

Public | 9 - 12
5

Repertory Company High School for Theatre Arts

Public | 9 - 12
5

A Philip Randolph Campus High School

Public | 9 - 12
5

Gregorio Luperon High School for Science and Mathematics

Public | 9 - 12
4

Cliffside Park High School

Public | 9 - 12
4

Art and Design High School

Public | 9 - 12
4

Manhattan International High School

Public | 9 - 12
4

Vanguard High School

Public | 9 - 12
4

Heritage School (The)

Public | 9 - 12
3

Urban Assembly School for Media Studies

Public | 9 - 12
3

High School for Law, Advocacy and Community Justice

Public | 9 - 12
3

High School of Arts and Technology

Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Omar Harper

Broker Associate

+1(845) 209-0133

Search For Homes

1889 Lexington AVE New York (manhattan), NY 10035

Omar Harper

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Go tour this home

1889 Lexington AVE