439 East 116th Street

East Harlem

$1,700,000
Price
4
Beds
4
Baths
2,660 Sq. Ft.
$639 / Sq. Ft.
2,660
Sq. Ft.
$639
per Sq. Ft.

Description

Prime Free Market 4-Family Real Estate Opportunity in the Heart of East Harlem Nestled in the historic neighborhood of East Harlem, this distinguished 4-Family property presents a unique investment opportunity for discerning buyers. Boasting a substantial four-unit composition, this property is thoughtfully configured with four, 1-Bedroom 1-Bath apartments that host an additional office space in each unit. The property also features a generous backyard area and a basement level with dimensions of...Prime Free Market 4-Family Real Estate Opportunity in the Heart of East Harlem Nestled in the historic neighborhood of East Harlem, this distinguished 4-Family property presents a unique investment opportunity for discerning buyers. Boasting a substantial four-unit composition, this property is thoughtfully configured with four, 1-Bedroom 1-Bath apartments that host an additional office space in each unit. The property also features a generous backyard area and a basement level with dimensions of 19 feet by 35 feet, the total square footage stands at an impressive 2,660 ft.², promising ample space for tenants and lucrative returns for investors. The best value yet is there is an additional 3,086 ft.² of unused FAR available to add on. Highlights & Values: • Optimal Flexibility: The property will be delivered 100% vacant, allowing potential owners to tailor the space according to their preferences and investment goals. • Prime Location: Centrally located in East Harlem, this property sits at the nexus of convenience and charm. The iconic East River Plaza, home to Costco, Marshalls, Old Navy, Aldi & more is a stone’s throw away. This neighborhood offers a vibrant mix of shopping, dining, and entertainment options. • Efficient Transit & Connectivity: Benefit from seamless transportation options, making daily commutes and leisurely travels equally convenient.  • Solid Income Potential: Given its size, location, and unit mix, this property is poised to provide a steady and significant income stream, making it a coveted asset for those looking to bolster their real estate portfolio. Take the plunge into East Harlem's real estate market with this gem, perfectly positioned to offer both charm and profitability. Discover the allure of Harlem and the promise of a sound investment.

Property Details for 439 East 116th Street

Zoning
R7B
Architectural Style
Prewar

Open Houses

Sunday, Nov 24th

3:00 PM - 4:00 PM

Public

LISTING UPDATED: 11/14/2024 04:16 PM

Property Details for 439 East 116th Street

StatusActive
MLS IDOLRS-00010097108
Days on Market496
Taxes$493 / month
Maintenance-
Min. Down Pymt-
Total Rooms15.0
Compass TypeTownhouse
MLS TypeHouse/Building
Year Built1900
Lot Size1,900 SF / 19' x 100'
CountyNew York County

Building

439 E 116th St

4 Units3 StoriesBuilt in 1900

Building Information for 439 East 116th Street

Stories3Residences4Year Built1900Building Size19' x 35'Building Sq. Ft1,995 SFLot Size1,900 SF / 19' x 100'Building Age-Building Type-

Property Information for 439 East 116th Street

Summary
Location and General Information
  • Subdivision Name: East Harlem
  • Cross Street: First Avenue/Pleasant Avenue
  • Stories Total: 4
Taxes and HOA
  • Tax Lot: 18
  • Tax Block: 1710
  • Building Tax Lot: 18
  • Tax Abatement YN: false
Parking
  • Garage: No
Property
Lot Information
  • Living Area: 2660.0
  • Building Area Total: 2660.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 19.00 x 100.00
  • Living Area Units: SquareFeet
  • Foundation Area: 3086.0
Building Information
  • Building Laundry Features: SeeRemarks
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Certificate Of Occupancy: No
  • Common Interest: None
  • New Construction: No
  • Structure Type: MultiFamily, WalkUp
  • Property Condition: Good
Interior and Exterior Features
Interior Features
  • Other Equipment: Intercom
  • ElevatorsTotal: 0
  • Size Dimensions: 19.00 x 35.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Delivered Vacant: Yes
  • Attendance Type: None

Property History for 439 East 116th Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 439 East 116th Street

Taxable ValueLand$31,050Additions$191,430Total$222,480
Home Facts
Total Finished SqFt2,660 SqFtLot Size1,917 SqFtYear Built1900ZoningR7BAPN1017100018

Schools near 439 East 116th Street

This home is within New York City Geographic District # 4.
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

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.

Similar Homes

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Similar Sold Homes

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439 East 116th Street is a townhouse for sale in East Harlem. This property was listed for sale on July 14, 2023 by Coldwell Banker Reliable Real Estate NYC, it's currently listed at $1,700,000. This listing's school district is New York City Geographic District # 4. Nearby schools include P.S. Ms 206 Jose Celso Barbosa, Isaac Newton Ms For Math And Science and Manhattan Center for Science & Mathematics. 439 East 116th Street is a 4-bed, 4-bath, 2,660 sqft townhouse built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Reliable Real Estate NYC

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.