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205 East 117th Street


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$3,500,000

Description

205 E. 117th St. is a mint condition, mixed use building in the middle of the dynamic neighborhood of East Harlem. The property consists of a high end catering operation on the Lower Level, 1st floor, and 2nd floor, with two large apartments occupying the upper floors.  The 3rd floor contains a newly renovated 2 bedroom apartment with laundry and a balcony, while the 4th and 5th floor consist of a stunning duplex five bedroom / 2 bathroom unit with laundry and a large roof deck. The property is ideally situated to take advantage of the expected expansion of the 2nd Avenue Subway as well as the proposed rezoning of East Harlem. Slightly below market rents and improving neighborhood metrics should also allow for stronger cash flow in the near future. This property is 100% turnkey and a solid investment in an increasingly sought after neighborhood.

Address

  • State/county: New York
  • Neighborhood: East Harlem
  • Country: United States

Detail

Updated on November 16, 2017 at 4:41 pm

  • Price: $3,500,000
  • Property Size: 6048
  • Land Area: 1700 SF

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