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1865 2nd Ave
New York, NY 10029 East Harlem

$2,500,000

Apartments For Sale  •  19,429 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 19,429 Sq Ft
  • Lot Size 0.06 ac
  • Building Class B
  • Year Built 1987
  • Cap Rate 5.03 %
  • Zoning R10A
100 Transit Score
99 Walk Score

Description

• Northwest corner of East 96th and 2nd Avenue
• Building has two condominium units 1) all residential space (for sale) and 2) a commercial condo for the retail unit (not for sale, currently occupied by Capital One Bank)
• Building enrolled in the Voluntary Inclusionary Housing Program (VIH)
• Units have income restricted occupancy and regulated rent increases
• Heat is a hot water baseboard controlled by the property owner
• Each unit is separately metered for electricity
• Single gas meter for residential units used for heating and cooking
• Across the street from the new 96 St & 2nd Avenue Station (Q)
• 2 blocks from the 96 Street Station (6)

Financial Summary (Actual)

Net Operating Income: $125,741 (2019)
Cap Rate: 5.03 %
Total Expenses: $134,927

Amenities

  • Heating
  • Kitchen
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Harlem-125th Street Station Commuter Rail (Hudson, Harlem, New Haven Lines) 5 min - 1.8 mi
Grand Central Terminal Commuter Rail (Hudson, Harlem, New Haven Lines) 6 min - 3.6 mi
Transit/SubwayDriveWalkDistance
96 Street (4,6 Line) Transit Stop 2 min 5 min 0.2 mi
103 Street (4,6 Line) Transit Stop 2 min 11 min 0.5 mi
86 Street (4,5,6 Line) Transit Stop 2 min 15 min 0.7 mi
110 Street (4,6 Line) Transit Stop 3 min 17 min 0.9 mi
AirportDriveWalkDistance
La Guardia Airport 14 min - 7.4 mi
John F. Kennedy International Airport 27 min - 18.5 mi
Newark Liberty International Airport 34 min - 19.7 mi

Parking Details

Parking Available: No
Reserved: No
Type: Surface
Included in Rent: Yes
Clinton Botway 212-867-3333 Paramount Realty USA
Clinton Botway 212-867-3333 Paramount Realty USA