7 months on rocket

218 E 111th St Mfth, Unit Mfth, New York City, NY, 10029

$1,575,000

Home List Price

$10,000*

Closing Credit

16 Bedrooms
8 Full Baths
6,092 SqFt
$259/SqFt
Townhouse
Schools Nearby

Location

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218 E 111th St Mfth, New York$1,575,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Year Built1910
ViewCity
MLS #PRCH-7713744
StatusActive

About 218 E 111th St Mfth

Alta Real Estate presents 218 East 111th Street. This well maintained 25’ wide, 8 unit rental bldg is fully occupied and sits mid-block between 2nd and Third Avenues in East Harlem, just 2.5 blocks to the #6 Train on Lexington /110th Street. All units are railroad style 1 bed, 1 bath units and tenants pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases. The property has been in the same family for over 40 years and represents a unique opportunity to purchase a cash flow positive property in an area of high rent demand. All units are rent stabilized, but one can be used for a family member or relative. Tenants pay their own electric. The property is built 25' × 60 ’ and has a private 1,000 sf backyard. Great Investment opportunity with super low property taxes and a stable tenant base. Setup available upon request.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Living Area: 6,092 SqFt

Listing Office:

  • Office Name: ALTA Real Estate
  • Office Phone: (917) 204-6577
  • Listing Agent: Rick Kelly
  • Agent Phone: (917) 204-6577

Interior Features

Interior Information:

  • Interior: Entrance Foyer, Kitchen Window

Bedroom and Bathroom Information:

  • Full Bathrooms: 8
  • Total Bedroom Count: 16

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Building Garden, Garden

Lot Features

Lot Information:

  • Lot: Garden

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,575,000
  • Price Per SqFt: $259/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$849.1K

Med. Price/SqFt

$639

Avg. Days On Market

96

# of Sold Homes

1674

218 E 111th St Mfth vs New York

238 DAYS ON ROCKET

+142 Days

$1,575,000

+$725.8K More

$259/SqFt

-$381 Less

KEY TAKEAWAY

This property is $725.8K more than the Median Sold Price and $381/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #PRCH-7713744

Listing Office:

  • Office Name: ALTA Real Estate
  • Office Phone: (917) 204-6577
  • Listing Agent: Rick Kelly
  • Agent Phone: (917) 204-6577

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/11/2024, 12:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,928

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,788

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-10173414
7
/10

  • Bilingual Bicultural School (The)

  • 219 E 109th St

  • 0.08 miles

  • Public District Grades KG-5

school-card-donut-10173415
6
/10

  • PS 83 Luis Munoz Rivera

  • 219 E 109th St

  • 0.08 miles

  • Public District Grades PK-5

school-card-donut-10173416
2
/10

  • PS 102 Jacques Cartier

  • 315 E 113th St

  • 0.17 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,214. Typical income of New York, NY residents is less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 218 E 111th St Mfth

What is the listing price of this property?

The listing price of 218 E 111th St Mfth property is $1,575,000.

What type of property is this?

The property 218 E 111th St Mfth is a townhouse located in Unit Mfth, New York City, New York, 10029.

Is this property for sale now?

Active Listing: 218 E 111th St Mfth is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 218 E 111th St Mfth has 16 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 218 E 111th St Mfth is 6,092 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 218 E 111th St Mfth is 1910.

Rocket Homes›New York›New York›10029›218 E 111th St Mfth

This home is located at 218 E 111th St Mfth in Unit Mfth, New York City, NY and zip code 10029 in the East Harlem neighborhood. This 6,092 square foot home was built in 1910. Features: 16 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since September 15, 2023 and is currently priced at $1,575,000.

In April 2024 more than 168 listings in New York, NY were sold above the asking price. During the same period more than 758 listings were sold at asking price, while more than 748 were sold below. The number of listings in New York, NY increased by 3.8% between March 2024 and April 2024. The median list price of listings available in April 2024 was $849,191, while the average time on the real estate market was 96 days.

From Rocket Homes Real Estate and based on county public records data.

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