Seller's Agent in 2026
Rick Kelly
ALTA Real Estate
(917) 204-6577
23 Total Sales
218 E 111th St New York, NY 10029
East Harlem Neighborhood
16
Beds
8
Baths
6,092
Sq Ft
2,523
Sq Ft Lot
Highlights
- 2,523 Sq Ft lot
- 3-minute walk to 110 Street (4,6 Line)
- 4-minute walk to Poor Richards Playground
- P.S. 83 Luis Munoz Rivera Rated A-
- Cooling Available
About This Home
As of January 2026Alta 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 residents pay for their own electric. The building enjoys a 2B tax class status which is highly desirable for limited future property tax increases. Current income minus expenses is 2X the return from buying a similar one unit apartment. This well priced asset is an incredible opportunity to own 8 units for the price of one with fantastic longterm upside for generations to come
Last Agent to Sell the Property
ALTA Real Estate License #30KE0946657 Listed on: 06/20/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,140
Year Built
- Built in 1910
Lot Details
- 2,523 Sq Ft Lot
- Lot Dimensions are 100.92x25.00
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,092 Sq Ft Home
- 4-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Full Bathrooms
Utilities
- Cooling Available
Community Details
- 8 Units
- East Harlem Subdivision
Listing and Financial Details
- Legal Lot and Block 0040 / 01660
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/30/2026 01/30/26 | Sold | $1,400,000 | -6.4% | $230 / Sq Ft |
| 01/20/2026 01/20/26 | For Sale | $1,495,000 | 0.0% | $245 / Sq Ft |
| 01/01/2026 01/01/26 | Off Market | $1,495,000 | -- | -- |
| 11/29/2025 11/29/25 | Pending | -- | -- | -- |
| 06/20/2025 06/20/25 | For Sale | $1,495,000 | -- | $245 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,913 | $57,058 | $39,941 | $17,117 |
| 2024 | $6,913 | $55,299 | $160,650 | $24,307 |
| 2023 | $6,283 | $51,220 | $31,912 | $19,308 |
| 2022 | $5,803 | $274,050 | $160,650 | $113,400 |
| 2021 | $5,388 | $322,200 | $160,650 | $161,550 |
| 2020 | $5,475 | $346,950 | $160,650 | $186,300 |
| 2019 | $5,365 | $407,520 | $160,650 | $246,870 |
| 2018 | $5,011 | $39,400 | $12,426 | $26,974 |
| 2017 | $4,641 | $36,487 | $12,987 | $23,500 |
| 2016 | $4,356 | $33,785 | $13,254 | $20,531 |
| 2015 | $2,828 | $33,762 | $14,315 | $19,447 |
| 2014 | $2,828 | $32,722 | $15,765 | $16,957 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Kelly
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20032244
APN: 01660-0040
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
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