This three-family townhouse in Central Harlem offers an excellent investment opportunity at 4% Cap rate or the potential for conversion into a single-family home. Currently fully leased and 100% free-market.
It features 3,552 sq. ft. of interior space, including a finished 888 sq. ft. basement with a bathroom. The triplex includes three bedrooms, two bathrooms, and an open kitchen, with high ceilings and central AC in each unit. The basement can serve as an art studio, office, or recreation room.
Located on a beautiful tree-lined street, the property is near the 2/3, A/B/C trains, and several bus routes, providing easy access to Midtown. Positioned in a rapidly appreciating market, it offers great future value potential.



Rent Roll
Status
Beds
Baths
Monthly
Annual


Duplex
FM
3
2
4,500
54,000


Triplex
FM
3
1
6,000
72,000


3F
FM
1
1
2,500
30,000


4F
FM
1
1
2,400
28,800


Total

5
5
15,400
112,800


Total with Triplex



130,800










Expenses




Annual


Real Estate Taxes
Actual

5,941


Insurance

Actual

5,157


Gas

Tenants pay




Water & Swer



2,500


Common Electric
Actual
35
420


Super

Actual
300
3,600


Total




17,618










Financial Summary






Net Operating Income


95,182


Projected Net Operating Income

113,182






Italic - projected