$ 3,900,000

75 West 118 St, New York, NY 10026  
  • 8 beds
  • 9 baths

75 West 118 St, New York, NY 10026  

Fantastic opportunity to acquire this renovated 8 unit multi family income generating Brownstone located in a prime residential neighborhood! Rent Roll: All Apartments are Full Market Rate: Three studios and five 1 bedrooms. $16,250 Monthly Rent Roll $195,000 Annual Expenses: Taxes $19,055.72 Elec/Gas $2304 Water $2000 Super $2760 Total Expenses: $26,119.72 Net Income: $168,880.28 Cap Rate: 4.3% Just minutes away from Harlem's best restaurants, transportation, historic Lenox Avenue and the new Whole Foods. This gorgeous 3 story (4 floors) plus finished basement would be delivered fully occupied. Great opportunity for both seasoned and first time investors. The entire building has been completely gut renovated and is in tip top condition. Each of the 8 apartments have their own separate utility meters (electric power & gas heated boilers). Central heating and air are paid by the tenant. The landlord is only responsible for heating, cooling and utilities for the common areas and the cellar. Building Specs: Lot sq. ft. 2,018 Lot dimensions: 20 ft x 100.92 ft 3.44 MAX Floor Area Ratio (FAR) 2.58 FAR as built Maximum usable floor area = 6,942 Usable floor area 5,206 Building sq. ft. 5,200 Building dimensions 20 ft x 65 ft Stories 3 (4 Floors) Year Built 1909 Has a Certificate of Occupancy Schedule an appointment today with Belinda Munro!

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Listing Type
Listing ID
Listing Status
Year Built
New York
Full Bath
Half Bath
County School District
Elem: New York City School, Middle: New
Listing courtesy of PERRY ASSOCIATES NYC INC
Price History
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Date Event Change Price
10/2/2016 Price change $-99,990 (-2.5%) $3,900,000
9/30/2016 Price change $-400,010 (-9.1%) $3,999,990
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