NOT LISTED FOR SALE

240 E 112th St New York, NY 10029

East Harlem Neighborhood

Estimated Value: $1,303,000 - $2,466,000

-- Bed
-- Bath
3,036 Sq Ft
$565/Sq Ft Est. Value

Last Sold January 28, 2014

Current estimated payment $10,248/month

192 Days on Market

Highlights

  • Community Garden
  • 5-minute walk to 110 Street (4,6 Line)
  • 4-minute walk to Thomas Jefferson Park
  • Intercom
  • Garage

About This Home

As of January 2014

Contract Signed as of November 22, 2013.
This three family townhouse with a garage, rear deck and backyard is an excellent opportunity for either an investment property or a primary residence. The three apartments consist of a ground floor 1 bedroom, owners duplex 3 bedroom/1.5 baths with sole access to backyard and fourth floor 2 bedroom apartment. The owners unit is currently rented for $3200/month and the 2 bedroom for $1600/month. Both apartments on month to month rental agreements and are below neighborhood comparable rents of $3600 for the 3 bedroom and $2500 for the 2 bedroom. The ground floor 1 bedroom is currently vacant but can potentially be rented for $1900. The garage and driveway can accommodate 2 vehicles. All apartments feature hardwood floors, separate utility meters and voice intercom access. Annual property taxes are $4998.

This townhouse is centrally located in East Harlem between Second and Third Avenues. Nearby transportation options include the #6 Train Station on 110 Street & Lexington Avenue, Select Bus Service on Second and First Avenue and the 125th Street Metro North Station. Jefferson Park is located one block east complete with outdoor pool, running track, renovated baseball and soccer fields and a very popular dog run. Central Park is not far on 110th Street and Fifth Avenue. Neighborhood retail, grocery, restaurant and service options are remarkable.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,394

Year Built

  • Built in 1997

Lot Details

  • Lot Dimensions are 22.0 x 100.0

Parking

  • Garage

Interior Spaces

  • 4-Story Property
  • Intercom

Listing and Financial Details

  • Legal Lot and Block 132 / 1661

Community Details

Overview

  • 3 Units
  • East Harlem Subdivision

Additional Features

  • Community Garden
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,394

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Cross Street: Second Avenue/Third Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: East Harlem
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Equipment (Other): Intercom

Exterior Features

  • Exterior Features: Building Garden

Garage/Parking

  • Garage: Yes

Utilities

  • Cooling: Building Cooling

Lot Info

  • Lot Size Dimensions: 22.0 x 100.0

Building Info

  • Units: 3
  • Total Stories: 4
  • Year Built: 1997

Tax Info

  • Tax Block: 1661
  • Tax Lot: 132

Multi Family

  • Units (Vacant): 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2013
Closed on
Jan 24, 2014
Sold by
Velez Betsy and Velez Rene
Bought by
Wolde Fikremariam
Current Estimated Value
$1,714,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,300
Outstanding Balance
$492,940
Interest Rate
4.47%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,277,085

Purchase Details

Closed on
Dec 28, 1998
Sold by
Nyc Partnership Housing Development Fund
Bought by
Velez Rene and Velez Betsy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.78%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wolde Fikremariam $1,210,000 --
Velez Rene $349,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolde Fikremariam $645,300
Previous Owner Velez Betsy $500,000
Previous Owner Velez Rene $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2014 01/28/14 Sold -- -- --
12/29/2013 12/29/13 Pending -- -- --
06/20/2013 06/20/13 For Sale -- -- --
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

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 $13,394 $66,686 $28,585 $38,101
2024 $13,394 $66,686 $43,980 $38,802
2023 $12,802 $63,037 $27,196 $35,841
2022 $12,465 $108,120 $43,980 $64,140
2021 $12,396 $111,780 $43,980 $67,800
2020 $11,763 $127,320 $43,980 $83,340
2019 $11,625 $127,140 $43,980 $83,160
2018 $10,708 $52,531 $23,579 $28,952
2017 $9,965 $52,032 $20,527 $31,505
2016 $8,717 $49,087 $21,680 $27,407
2015 $3,675 $46,310 $18,903 $27,407
2014 $3,675 $46,310 $18,903 $27,407
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10056913

Real Estate Board of New York (REBNY)

APN: 1661-0132

New York New York County New York 10029 East Harlem

240 E 112th St, New York, NY

This home is located at 240 E 112th St, New York, NY 10029 since 20 June 2013 and is currently estimated at $1,714,019, approximately $564 per square foot. This property was built in 1997. 240 E 112th St is a home located in New York County with nearby schools including P.S. 102 Jacques Cartier, Isaac Newton Ms For Math And Science, and Global Technology Preparatory.

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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.

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