$1,495,000

218 E 111th St New York, NY 10029

East Harlem Neighborhood

Estimated payment $8,420/month

Total Views 4,241
16 Beds
8 Baths
6,092 Sq Ft
$245 Price per Sq Ft

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

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

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

  • 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: 6092.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 8
  • Bathrooms Integer: 8
  • Bedrooms: 16

Exterior Features

  • View: Other
  • View: No
  • 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 List to Sale Price per Sq Ft
06/20/2025 06/20/25 For Sale $1,495,000 -- $245 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20032244

Real Estate Board of New York (REBNY)

APN: 01660-0040

New York New York County New York 10029 East Harlem

218 E 111th St, New York, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

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Rick Kelly
Listing Agent
Rick Kelly
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ALTA Real Estate
(917) 204-6577