This three-family townhouse in Central Harlem offers an excellent investment opportunity at 4% Cap rate or the potential for conversion into a single-family home. Currently fully leased and 100% free-market.
It features 3,552 sq. ft. of interior space, including a finished 888 sq. ft. basement with a bathroom. The triplex includes three bedrooms, two bathrooms, and an open kitchen, with high ceilings and central AC in each unit. The basement can serve as an art studio, office, or recreation room.
Located on a beautiful tree-lined street, the property is near the 2/3, A/B/C trains, and several bus routes, providing easy access to Midtown. Positioned in a rapidly appreciating market, it offers great future value potential.
Rent Roll
Status
Beds
Baths
Monthly
Annual
Duplex
FM
3
2
4,500
54,000
Triplex
FM
3
1
6,000
72,000
3F
FM
1
1
2,500
30,000
4F
FM
1
1
2,400
28,800
Total
5
5
15,400
112,800
Total with Triplex
130,800
Expenses
Annual
Real Estate Taxes
Actual
5,941
Insurance
Actual
5,157
Gas
Tenants pay
Water & Swer
2,500
Common Electric
Actual
35
420
Super
Actual
300
3,600
Total
17,618
Financial Summary
Net Operating Income
95,182
Projected Net Operating Income
113,182
Italic - projected
