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    329 118Th St New York, NY 10035

    Sponsored
    For Sale
    $1,800,000

    Four-unit mixed-use building, prime location.

    Property size:
    1,682 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a four-unit mixed-use brownstone located at 329 E. 118th Street in East Harlem, New York, NY 10035. The property boasts a total of 1,682 square feet and is ideally situated between 1st and 2nd Avenues. The building comprises three two-bedroom units and one three-bedroom unit situated on the ground floor. This presents a strong rental income stream with potential for future appreciation. The R7A zoning designation unlocks significant redevelopment and value-add opportunities for the discerning investor. This is a non-contingent sale, offered "as-is, where-is," free and clear of liens and encumbrances. The sale is subject to all existing occupancies and requires Bankruptcy Court approval. The asking price for this remarkable property is $1,800,000. All provided information is sourced from public records and third-party sources and should be independently verified. The property may be sold or withdrawn from the market without prior notice. Information is subject to errors and omissions.

    Property Features for 329 118Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,682 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    AirB Mobile Luggage ... Corporate Office Hajee Wajee Puddin ... Cafeteria

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    36061
    State
    New York
    Longitude
    -73.9354367
    Latitude
    40.7979127

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    FAQs

    What type of property is this?
    Mixed-use property - Four-unit mixed-use building, prime location.
    Where is this mixed-use property located?
    The property is located at 329 118Th St New York, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    Request Owner's contact information
    329 118Th St New York, NY 10035
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    New York, NY 10035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    329 118Th St New York, NY 10035
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