Bihirang pagkakataon na makuha ang isang malinis na 100% LIBRE MARKET RENT mixed-use brownstone, ang 4-palapag na gusaling ito ay binubuo ng 4 na malalawak na apartment na tinatamaan ng sikat ng araw at 1 yunit ng komersyal na nag-aalok ng agarang kita na may makabuluhang potensyal sa pamamagitan ng pagpapabuti ng renta, pag-reconfigure, at potensyal na pag-develop ng air-rights. Ang 205 East 120th Street, New York, NY 10035 ay matatagpuan sa silangan ng Third Ave, sa isa sa mga pinaka-dynamic na corridor ng paglago sa Manhattan na may napakababang gastos at handa para sa 1031-Exchange.

Ang humigit-kumulang na 3,600+- SF na ari-arian ay pinagsasama ang karakter, kahusayan, at kakayahang umangkop - perpekto para sa parehong mga mamumuhunan o mga gumagamit ng ari-arian na naghahanap ng pangmatagalang pagpapahalaga na may agarang cash flow. Bawat isa sa mga maliwanag na apartment ay may kani-kanilang hiwalay na sistema ng heating at mainit na tubig na nag-aambag sa maayos na operasyon at matibay na netong kita.

Ang mga kamakailang pagpapabuti ng kapital ay kinabibilangan ng lahat ng bagong sistema ng utilities, ganap na na-update na mga gas line, bagong video intercom, na-upgrade na mga hallway, at malalaking panlabas na pagpapabuti, na nagbibigay-daan para sa maayos na transisyon ng pagmamay-ari na may ZERO na panganib ng kapital sa malapit na hinaharap.

Ang magandang pre-war na gusali ay mahusay na pinanatili, nag-aalok ng malaking hindi natapos na basement, at maaaring ibigay na may nakatayo nang mahabang panahon na Super, kasama ang mga mahusay na Free Market na nangungupahan; ang ground floor retail unit ay okupado ng isang matagal nang komersyal na nangungupahan na nagbibigay ng matatag na kita, habang ang 4 na residential units ay ganap na libre sa market, kasalukuyang nirentahan sa ibaba ng mga projected na antas ng market. Ang isang maingat na estratehiya sa renovation at pag-reconfigure ay nag-aalok ng potensyal na makabuluhang madagdagan ang kita, habang pinapanatili ang arkitekturang integridad ng gusali. Nakazone sa C4-6 (R10 katumbas) at nag-aalok ng 9,322+- SF na UNUSED AIR RIGHTS, nag-aalok din ang ari-arian ng nakakahimok na kwento sa pangmatagalang pag-develop. Ang designation bilang Opportunity Zone ay higit pang nagpapahusay sa apela nito para sa mga estratehikong mamumuhunan.

Kung ito man ay inilagay bilang isang value-add investment, live-in income producing residence, o isang hinaharap na redevelopment play, ang 205 East 120 Street ay namumukod-tangi bilang isang bihira, maraming gamit na asset sa puso ng pangunahing East Harlem sa isang magandang residential block, sa tapat ng Silberman School of Social Work ng Hunter College, PS 96, at isang block mula sa Art Park sculpture gardens, na may mahusay na mga grocery, shopping at dining options kabilang ang orihinal na lokasyon ng Patsy's Pizzeria, at madaling access sa transportasyon kabilang ang FDR, Harlem River Drive at RFK Bridge, 3rd Avenue Bus, 4/5/6 at 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.