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225 East 110th Street Manhattan $2,195,000
  • $3,864
    SF
  • 3
    Units
  • 21'
    Frontage
  • 4.7%
    Cap Rate
  • $10,888
    ANNUAL TAX BILL
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225 East 110th Street 225 East 110th Street
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INVESTMENT HIGHLIGHTS

INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 225 East 110th Street, a three (3) story townhouse with a semi-below grade lower-level. Residents access the building through a welcoming front garden to an extra-wide 21' townhouse consisting of three (3) residential units and two (2) dedicated parking spots in the rear of the lot. The apartments are all market rate (i.e. free market) and the owner's duplex unit ("Unit A") presents future owners with a unique live + income opportunity. Unit A has central AC and access to a rear private garden. All of the apartments are renovated and have washer/dryer in units. The apartments on floors 2 ("Unit B") and 3 ("Unit C") consist of three-bedrooms that can all easily fit queen beds. Unit B also has access to the private garden with a spiral staircase that hugs the rear facade of the townhouse.


Located in "El Barrio," East Harlem, the block is a quaint residential tree-lined street known as Tito Puente Way. The house is just an avenue away from the 6 subway line on East 110th Street and Lexington Avenue and a 10 minute walk from Central Park. The rowhouses on the block were built in 1996 and are home to well-heeled tenants and home-owners. The second avenue commercial corridor is around the corner with an abundance of national retailers and local favorites such as: Ricardo Steak House, Rao's, Mountain Bird, Dear Mama Bird, and East Harlem Bottling Co., among others.


In addition, there are several new developments that are either under construction or recently completed that will further transform the immediate area. The Sendero Verde mixed-use mega project on East 111th Street between Park and Madison Avenues will feature a new charter school, YMCA, and supermarket. The property is near The Tag Young Scholars School, The Mount Sinai Hospital and the NYC Health + Hospitals/Metropolitan. Investors and end-user alike can benefit from a turn-key, free market asset with nominal expenses in a vibrant and up-and-coming community.

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