$2,495,000

273 Pleasant Avenue , New York, NY 10029

 
Bedrooms:8 beds
Bathrooms:4 baths
(None specified):2,400 sqft
Lot:0
Year Built:--
Listing Status:Active

Listing Agent

Sean Sasso
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

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.**

Detailed Items

Other Information

273 Pleasant Avenue, New York, NY, 10029 is a (none specified) listing of 2,400 sqft on a lot of 0. This (none specified) listing has 8 bedrooms, and 4 baths. The map for this location can be viewed on Google maps at Google maps to property273 Pleasant Avenue, New York, NY
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