Listing courtesy of Compass Phone: (212) 913-9058
273 Pleasant Avenue, New York, (East Harlem), NY, 10029
12 rooms
8 beds
4 Full baths
1900
Walk-Up
2,400 sqft
Introducing a distinguished income-generating property at 273 Pleasant Ave, nestled in the vibrant neighborhood of East Harlem. This prime free market, value-add property is ready for a new owner seeking either passive income or a redevelopment opportunity. The property features One 1 bed, 1 bath and Three 2 bed, 1bath apartments. There are 13-foot ceilings on the 2nd floor, exposed brick a delightful rear garden for the first floor tenant and an offering of everyday conveniences central to this pocket of Harlem. 273 Pleasant Ave offers four fully free-market units, offering versatility and the potential for substantial income. Rents are current and roughly 52% below market rate for comparable renovated units. Located near the beautiful Thomas Jefferson Park which offers numerous sports fields, a dog park, and community pool on the Harlem River waterfront. The property is also located at the doorstep of the Manhattan Center for Science and Mathematics, as well as the iconic (and impossible to get a reservation) Rao’s Italian restaurant. Offering an impressive proforma cap rate of 5.5% and situated between two properties that are in the process of being redeveloped, this property has can be delivered vacant, or with tenants in place to maintain cash flow while the purchaser finalizes plans to reposition the property. Seize this excellent opportunity to invest in East Harlem — a property that promises not just returns but also the potential to make a unique mark in a thriving community. **As per owner, no access will be allowed until after accepted offer.**
Status:
Active
Town:
New York
Type:
Townhouse
Furnished Remarks:
Unfurnished
Laundry Remarks:
See Remarks
Units:
4
Heating:
Baseboard, Natural Gas
Basement:
Full
Levels:
3
Common Charge:
$400 Monthly
Lot Size:
12.790000x74.000000
Est. Taxes:
$5,832
HOA Fee
$400
Pet Policy:
Building No, Cats OK, Dogs OK
MLS #:
COMP-155675568794069
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Copyright ©2024 The Real Estate Board of New York, Inc., All rights reserved