240 E 112th Street

Contract Signed as of November 22, 2013. This three family townhouse with a garage, rear deck and backyard is an excellent opportunity for either an investment property or a primary residence. The three apartments consist of a ground floor 1 bedroom, owners duplex 3 bedroom/1.5 baths with sole access to backyard and fourth floor 2 bedroom apartment. The owners unit is currently rented for $3200/month and the 2 bedroom for $1600/month. Both apartments on month to month rental agreements and are below neighborhood comparable rents of $3600 for the 3 bedroom and $2500 for the 2 bedroom. The ground floor 1 bedroom is currently vacant but can potentially be rented for $1900. The garage and driveway can accommodate 2 vehicles. All apartments feature hardwood floors, separate utility meters and voice intercom access. Annual property taxes are $4998. This townhouse is centrally located in East Harlem between Second and Third Avenues. Nearby transportation options include the #6 Train Station on 110 Street & Lexington Avenue, Select Bus Service on Second and First Avenue and the 125th Street Metro North Station. Jefferson Park is located one block east complete with outdoor pool, running track, renovated baseball and soccer fields and a very popular dog run. Central Park is not far on 110th Street and Fifth Avenue. Neighborhood retail, grocery, restaurant and service options are remarkable.