$1,495,000

Estimated payment $8,851/month

Total Views 1,703
8 Beds
8 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • 3-minute walk to 110 Street (4,6 Line)
  • 4-minute walk to Poor Richards Playground
  • P.S. 83 Luis Munoz Rivera Rated A-

About This Home

Alta 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

Listing Agent

Rick Kelly

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

Interior Spaces

  • 4-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Cooling Available

Community Details

  • East Harlem Subdivision

Listing and Financial Details

  • Legal Lot and Block 0040 / 01660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,140

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: East Harlem
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area Units: Square Feet
  • Rooms (Total): 24
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 8
  • Bathrooms Integer: 8
  • Bedrooms: 8

Exterior Features

  • View: Other
  • View: No
  • Exterior Features: Private Outdoor Space Under 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: Other
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2523.0
  • Lot Size Dimensions: 100.92x25.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: -1
  • Total Stories: 4
  • Year Built: 1910

Tax Info

  • Tax Block: 01660
  • Tax Lot: 0040
  • Tax Annual: 7140.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 For Sale $1,495,000 -- --
Source: Real Estate Board of New York (REBNY)

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20032244

Real Estate Board of New York (REBNY)

APN: 01660-0040