Sjælden mulighed for at erhverve en uberørt 100% FRIT MARKED LEJE blandet anvendelse brownstone, denne 4-etagers bygning består af 4 solfyldte boliger og 1 kommerciel enhed, der tilbyder øjeblikkelig indkomst med betydeligt potentiale for optimering af leje, omkonfiguration og udviklingsmuligheder for luftrettigheder. 205 East 120th Street, New York, NY 10035 ligger lige øst for Third Ave, i en af Manhattans mest dynamiske vækstkorridorer med super lave udgifter og 1031-Exchange klar.

Den cirka 3.600+- SF ejendom kombinerer karakter, effektivitet og fleksibilitet - ideel for både investorer eller ejer-brugere, der søger langsigtet værdiansættelse med øjeblikkelig kontantstrøm. Hver af de solrige lejligheder har deres egne separate varme- og varmtvandsystemer, hvilket bidrager til strømlinede operationer og holdbar nettobeholdning.

Nylige kapitalforbedringer inkluderer helt nye forsyningssystemer, fuldt opdaterede gaslinjer, ny video intercom, opgraderede gange og store eksterne forbedringer, der muliggør en ren ejendomsovergang uden nære kapitaleksponeringer.

Den smukke før-krigs bygning er blevet godt vedligeholdt, tilbyder en stor ufærdig kælder og kan leveres med en langvarig Super på plads, plus fremragende frimarkedslejere; Detailenheden i stueetagen er besat af en langvarig kommerciel lejer, der giver stabil indkomst, mens de 4 boligunit er helt frimarked, aktuelt lejet under de projicerede markedsniveauer. En velovervejet renoverings- og omkonfigurationsstrategi tilbyder potentiale for betydeligt at øge indtægterne, samtidig med at bygningens arkitektoniske integritet opretholdes. Zoneret C4-6 (R10 ækvivalent) og tilbyder 9.322+- SF UNUSED LUFTRETTIGHEDER, præsenterer ejendommen også en overbevisende langsigtet udviklingshistorie. Udpegning som Opportunity Zone øger yderligere appel for strategiske investorer.

Uanset om den præsenteres som en værdi-tilføjet investering, en indkomstproducerende bolig til bolig, eller et fremtidigt udviklingsprojekt, skiller 205 East 120 Street sig ud som en sjælden, alsidig aktiv i hjertet af prime East Harlem på en dejlig boligblok, der ligger overfor Hunter College's Silberman School of Social Work, PS 96, og en blok fra Art Park skulpturhaven, med fremragende indkøbs-, shopping- og spise muligheder, herunder Patsy's Pizzeria's oprindelige sted, og nem adgang til transport, herunder FDR, Harlem River Drive og RFK Bridge, 3rd Avenue Bus, 4/5/6 og Metro North.

Rare opportunity to acquire a pristine 100% FREE MARKET RENT mixed use brownstone, this 4-story building consists of 4 sun-flooded residential apartments and 1-commercial unit offering immediate income with significant upside through rent optimization reconfiguration, and air-rights development potential, 205 East 120th Street, New York, NY 10035 is located just east of Third Ave, in one of Manhattan's most dynamic growth corridors with super low expenses and 1031-Exchange ready.

The approximately 3,600+- SF property blends character, efficiency, and flexibility-ideal for both investors or owner-users seeking long-term appreciation with immediate cash flow. Each of the sunny apartments features their own separate heating and hot water systems contributing to streamlined operations and durable net income.

Recent capital improvements include all-new utility systems, fully updated gas lines, new video intercom, upgraded hallways, and major external improvements, allowing for clean ownership transition with ZERO near-term capital exposure.

The beautiful pre-war building has been well maintained, offers a large unfinished basement, and may be delivered with long time Super in place, plus excellent Free Market tenants; Ground floor retail unit is occupied by a longstanding commercial tenant providing stable income, while the 4 residential units are entirely free market, currently rented below projected market levels. A thoughtful renovation and reconfiguration strategy offers potential to significantly increase revenue, while maintaining the building's architectural integrity. Zoned C4-6 (R10 equiv.) and offering 9,322+- SF UNUSED AIR RIGHTS, the property also presents a compelling long term development story. Opportunity Zone designation further enhances its appeal for strategic investors.

Whether positioned as a value-add investment, live-in income producing residence, or a future redevelopment play 205 East 120 Street stands out as a rare, versatile asset in the heart of prime East Harlem on a lovely residential block, across from Hunter College's Silberman School of Social Work, PS 96, and one block from the Art Park sculpture gardens, with excellent grocery, shopping and dining options including Patsy's Pizzeria original location, and easy access to transportation including FDR, Harlem River Drive and RFK Bridge, 3rd Avenue Bus, 4/5/6 and Metro North.