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218 East 111th Street
Condo in East Harlem •  building info
16bd • 8ba • 6,092ft² $245 per ft²
List Price

$1,495,000

Key Details
Days on market
162
Last price change
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Estimated payment
$8,879/mo
Taxes
$595/mo
Maintenance
N/A
Description
Alta Real Estate presents 218 East 111th Street. This well maintained 25" wide, 8 unit rental bldg is fully occupied and sits mid-block between 2nd and Third Avenues in East Harlem, just 2.5 blocks to the #6 Train on Lexington /110th Street. All units are railroad style 1 bed, 1 bath units and residents pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases. Current income minus expenses is 2X the return from buying a similar one unit apartment. This well priced asset is an incredible opportunity to own 8 units for the price of one with fantastic longterm upside for generations to come

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Important Stuff
Washer/Dryer in unit
Building info

History
What it'll cost
Purchase price
$1,495,000
Asking Price: $1,495,000
Term
30 Years
Down Payment
$149,000 (10%)
Min: 10% (149,000)
Rate
6.25 %
Mortgage Amount
$1,345,500
Mortgage Payment
$8,284
Common Charges
$0
Taxes
$595
Estimated closing cost
$56,000
Total monthly cost $8,879
Listing Courtesy of ALTA

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