Property profile

414 E 115Th St New York, NY 10029

FOR SALE
Multifamily properties
Property ID
US63-0093385
Built 1900
Entity Owned 5-yr Hold
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Property summary

AI-generated overview

414 East 115th Street East Harlem, New York An outstanding investment opportunity awaits on one of the most sought-after blocks in East Harlem! This 18'75"x58' prewar townhouse on an 18'75"x100'92" lot is perfect for the investor who wants to renovate and rent out all 4 units for excellent return; or the live-in buyer who can create their own dream penthouse with a private roof terrace, and reap the rewards of 3 free-market, income-generating apartments. With R7B zoning and FAR 3 in place, the possibilities are endlessplus taxes are low too! The potential is incredible, as is the versatility, and the area is highly coveted and bursting with new developments. Best of all is the prime location, minutes to the mall at 117th Street featuring Costco, Burlington, Aldi, Marshalls and other top retailers, as well as Thomas Jefferson Park with its recreation center, skate park, dogs run and green space. Also nearby are eateries, convenience stores, schools and public transportation, with easy access to the subway and express buses on 116th Street and 2nd Avenue. Schedule a private viewing today so you don't miss out on this one-of-a-kind investment offering! bikeScore: 84, Very Bikeable walkScore: 96, Walker's Paradise transitScore: 100, Rider's Paradise

Property profile

Verified
Property type Multifamily properties
Year built 1900
UPID US63-0093385

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
  • Apartment Building

Location

414 E 115Th St New York, NY 10029
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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