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152 E 118th St
New York, NY 10035
Embelesar · Multifamily Property For Sale · 58 Units

Investment Highlights

  • DRAMATIC PRICE REDUCTION!!! Property with a great infrastructure and adaptable to a multiple community uses.

Executive Summary

DRAMATIC PRICE REDUCTION!!! Rare opportunity to purchase a professional/medical/community space in one of the fastest growing communities of NYC, East Harlem. This property is located on the ground floor of a newly constructed modern mid-rise condo property and features and oversized personal storage unit in the basement. The CAM will remain low through 2040 due to the developer's 421a real estate tax abatement. New construction with a bathroom, office and HVAC in place.

Property Facts

No. Units 58
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.27 AC
Building Size 50,916 SF
No. Stories 8
Year Built 2011
Parking Ratio 0.02/1,000 SF
Zoning R7-2 - Ready to occupy space for creative, community use.

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Storage Space
  • Washer/Dryer
  • Heating
  • Kitchen
  • Sprinkler System
  • Tub/Shower
  • Attic
  • Office
  • Wheelchair Accessible (Rooms)

Site Amenities

  • 24 Hour Access
  • Concierge
  • Fitness Center
  • Property Manager on Site
  • Corporate Suites
  • Package Service
  • Storage Space
  • Bicycle Storage
  • Community-Wide WiFi
  • Conference Rooms
  • Elevator
  • Maintenance on site
  • Key Fob Entry
  • Listing ID: 25152830

  • Date on Market: 3/1/2022

  • Last Updated:

  • Address: 152 E 118th St, New York, NY 10035

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