273 Pleasant Avenue
Listed By Compass
Listed By Compass
Description
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...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.**
Listing Agent
![Sean Sasso]()
sean.sasso@compass.comP: (917)-702-6660
Amenities
- Park Views
- Private Yard
- Common Garden
- Common Outdoor Space
- Exposed Brick
- Hardwood Floors
- High Ceilings
- Walk Up
Property Details for 273 Pleasant Avenue
| Status | Active |
|---|---|
| Days on Market | 217 |
| Taxes | $486 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 12.0 |
| Compass Type | Townhouse |
| MLS Type | Multi Family |
| Year Built | 1900 |
| Views | - |
| Architectural Style | - |
| Lot Size | 910 SF / 13' x 74' |
| County | New York County |
| Buyer's Agent Compensation | 3% |
Building
273 Pleasant Ave
Building Information for 273 Pleasant Avenue
Property History for 273 Pleasant Avenue
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 273 Pleasant Avenue
Schools near 273 Pleasant Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 3 to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. Ms 206 Jose Celso Barbosa Public3 to 8 | ||
Isaac Newton Ms For Math And Science Public6 to 8 | ||
Manhattan Center for Science & Mathematics Public9 to 12 | ||
Global Technology Preparatory Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.