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$1,543,500
List Price: $1,575,000
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218 East 111th Street #MFTH
Condo in East Harlem •  building info
16bd • 8ba • 6,092ft² $259 per ft²
Buy with Yoreevo

$1,543,500

List Price

$1,575,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
195
Last price change
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Estimated payment
$9,483
Taxes
$523
Monthly common charges
$0
Description
Alta Real Estate presents 218 East 111th Street. This well maintained 25 wide, 8 unit rental bldg is fully occupied and sits midblock 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 2 bed, 1 bath units and tenants pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases. The property has been in the same family for over 40 years and represents a unique opportunity to purchase a cash flow positive property in an area of high rent demand. All units are rent stabilized, but one can be used for a family member or relative. Tenants pay their own electric. The property is built 25 60 and has a private 1,000 sf backyard. Great Investment opportunity with super low property taxes and a stable tenant base. Setup available upon request.

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Important Stuff
Pets allowed
Listing Amenities
Hardwood floors
City View
Outdoor Space
Garden
Courtyard
History
What it'll cost
Purchase price
$1,575,000
Asking Price: $1,575,000
Term
30 Years
Down Payment
$157,000 (10%)
Min: 10% (157,000)
Rate
6.5 %
Mortgage Amount
$1,417,500
Mortgage Payment
$8,960
Common Charges
$0
Taxes
$523
Estimated Yoreevo rebate
$31,500
Estimated closing cost
$58,000
Total monthly cost $9,483
Buy your dream home with us and get an estimated
$31,500 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of ALTA

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