Offering: The property (Block 1943:Lot 11) is located on the northern side of West 116th street, and is built 17 by 48 on a 100.92 lot within the South Harlem area. The property is zoned R7A and has an FAR of 4.0. The Opportunity: The property is built to approximately 3264 square feet on a lot that will allow up to 6800 square foot and sits outside of the historic district. With so much additional square footage available, this building can be the cornerstone of an assemblage, a buy and hold, or eventual 1-4 family conversion. This is a legal SRO with 11 B rooms with all rooms occupied at closing. This will be delivered WITHOUT the Certificate of no harassment and fully occupied. NOI approximately $50k per annum. Layout: Ground floor: 2 B rooms, full renovated common bathroom 1st floor: 2 B rooms, full renovated common bathroom 2nd floor: 3 B rooms, full common bathroom 3rd floor: 4 B rooms, full common bathroom NOTE THIS WILL BE DELIVERED FULLY OCCUPIED*** Please email for rent roll.
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