225 EAST 110TH STREET (AKA - TITO PUENTE WAY) - TOWNHOUSE
What A Great Investment!
This 3-Family (22' X 46' Built - 22' X 111' Lot) Townhouse over 3,000 Sq Ft plus basement is totally turnkey & a 1031 investors dream or owner-occupiers alike.
A money maker from day one with huge rental income grossing over $132,000 annually / $11K monthly & low $27K annual expenses, net operating income of $105K with over 4.5% (approx) cap rate. Recently updated to optimize income, modernized apt's with open kitchens & D/W, washer/dryer in each unit, wood floors & high ceilings. Garden Duplex with shared private garden access with the 2nd fl apt. Private gated entrance, nice full garden, two (2) deeded parking spots for additional income, air rights FAR at 1.81 (max at 4), plus still has a tax-abatement. Block 1660 - Lot 111.
Conveniently located in the heart of East Harlem between 2nd & 3rd avenues & steps to 110th Street #6 train & hopefully future home to the 2nd Ave subway. Buses M101, M102 & M103. Walking distance to Central Park & Thomas Jefferson Park, shopping @ the East River Mall on 116th St & FDR with Costco, Target, Aldi, PetSmart, Planet Fitness, Bob's Furniture, Etc. Around the corner from the NY Public Library, Boy's Clubs & wonderful restaurants, Ricardo Steakhouse, Mountain Bird, Indi Pak Halal, Halal Kitchen, Young Fish Market, Casablanca Meat Market, Savor Bakery & many more.
Apt pictures & floor plan are samples of apt B only.
Call for rent roll & a private viewing.
Courtesy of: Douglas Elliman 575 Madison Ave
Office Phone: 212.891.7000
Listing Agent: Athena (Tina) Witt
Updated: 19th February, 2020 1:00 AM.
225 East 110th St New York, NY