Property profile

2279 3Rd Ave 4A New York City, NY 10035

FOR SALE
Residential income properties
Property ID
US63-Q025351
1,305 SF Built 2008
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2279 3Rd Ave,Unit 4A, New York City, NY 10035 For Sale
$795,000 1,305 SF
2279 3Rd Ave,Unit 4A, New York City, NY 10035
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Property summary

AI-generated overview

Welcome home to the unusually spacious 4A at the Bridge Condominium in East Harlem. This corner unit 1,300sf 2BR/2Bath condominium boasts an expansive living room spanning 24 feet, perfect for entertaining. Sunlight abounds through triple northern/western/southern unobstructed exposures, highlighted by the apartment's newly refinished dark oak wood floors. The windowed kitchen opens directly onto the separate dining alcove and sports granite countertops, opaque glass and oak cabinetry, and stainless steel appliances by GE Profile. Sleeping chambers are discretely situated to the north, with a luxurious master bedroom suite with ample room for separate vanity table, desk or sitting area. Windowed master bathroom features a glass shower stall and both bathrooms are lined with marble and ceramic. A separate windowed laundry room is conveniently located just off the foyer and includes additional closet space. The Bridge Condominium is an exclusive complex with only 12 apartments. The video intercom features 24-hr virtual doorman who also monitors the secure, private package room for deliveries. This package room also includes individual lock boxes, effectively allowing for key retrieval in emergencies just like a standard doorman bldg. This is a uniquely efficient location in East Harlem, sandwiched right next to the 4/5/6 express trains at 125th which arrive at Grand Central in only 3 stops. Also nearby is The East River shopping plaza with Costco, Target, Marshalls and Aldo. The neighborhood is in an obvious state of revitalization, with Whole Foods, H&M, and many great restaurants at your doorstep. A 35-yr tax abatement ensures low monthlies which makes this a great apt for the investor as this unit would lease for around $4200 which yields an unusually high 4.5% cap rate.

Property profile

Verified
Property type Residential income properties
Year built 2008
Total area 1,305 SF
UPID US63-Q025351

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Community Center Social Service Agency
  • Foster Care Service Social Service Agency
  • Church Mosque
  • Garden Center

Location

2279 3Rd Ave, Unit 4A New York City, NY 10035
New York City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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