Offered is a 5 family brownstone off Lenox Avenue entirely gut renovated in 2013 and consisting of three 2 bedroom floor through apartments including a walk-in, two one bedroom apartments on the top floor, a full cellar, a large rear garden plus a common roof deck and bulkhead added in 2014. All 5 apartments have 2 means of egress. All rents are at market rate. Tenants pay for their own heat, cooking gas and electric. There is a common laundry and space for individual storage cages in the cellar. All leases are up in June/July of 2017. $135,000+/- annual income. $37,675+/- annual expenses. 4% cap rate. 1,988+/- square feet of air rights remaining! SELLER WILLING TO CARRY PAPER FOR QUALIFIED BUYER. Walk to restaurants, bar/lounges and other services along Lenox and Seventh Aves. Just 5 blocks from 125th street's commercial corridor which includes the new Harlem Whole Foods Market as well as a host of venues, restaurants, shops, gyms and transportation options.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
