Seller's Agent in 2021
Carter McHyman
Douglas Elliman Real Estate
(212) 891-7000
1 in this area
37 Total Sales
242 E 110th St New York, NY 10029
East Harlem NeighborhoodEstimated Value: $1,853,000 - $2,549,000
--
Bed
--
Bath
--
Sq Ft
2,222
Sq Ft Lot
Highlights
- Garden
- 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
As of August 2021Great Multifamily in Harlem! Live for free or keep as an amazing Investment Opportunity! This beautiful gated three-family Townhouse was built in 1996 and is located in the heart of East Harlem on one of the quietest and nicest tree-lined streets in the area. Imagine walking two blocks from the train on 110th Street into your own Townhouse or pulling into your own private parking, all while living in Manhattan!
This Townhouse has private appeal upon entry, with a beautiful front garden entrance. It also has a spacious landscaped backyard paradise; designed with a seating wall, private parking space behind a gated driveway entrance.It's also an incredible investment opportunity! Currently configured as a strong cash flowing property with ALL Free Market Tenants! The first floor and Lower level is occupied with tenants paying full market rent as well as the rental units on the second and third floors generating strong rental income.
This turn-key Townhouse offers the following:1st floor unit- boasts a huge Master Suite (convertible to a two-bedroom) with walk-in closet, recently remodeled to perfection with a full en-suite bath, as well as a guest bath. The kitchen is renovated with two lovely open archways. The kitchen features new stainless steel appliances (including a Frigidaire Gallery refrigerator and range, Kenmore dishwasher and Samsung over-range microwave. This level features hardwood floors throughout, as well as a marble-tiled kitchen and bath, all-new windows and private access to lower level. Current Rent: $2,325 per month.
The lower level is finished and well-appointed with a large family room/game room, utility kitchen, a full bathroom + home office. There is a private entrance connecting 1st floor unit as well as separate entrance to main lobby. Current Rent: $1,865
The 2nd and 3rd floor Rental Units are each three-bedrooms with one bathroom and a laundry room connection, which can be converted to a bath. This level boasts a galley kitchen, wood flooring throughout, and a walk-in closet in the larger bedroom, as well as exterior spiral stairs leading to the backyard. 2nd Floor Rent: $2,760 and 3rd Floor Rent: $2,775.
Expenses are very Minimal:
Taxes: $10,019 per year.
Insurance: $1,836
Handy Man: $1,800
Net Income: $103,092
Cap Rate: 4%
Last Agent to Sell the Property
Douglas Elliman Real Estate License #10301203065 Listed on: 10/17/2019
Home Details
Home Type
- Single Family
Year Built
- Built in 1996
Lot Details
- 2,222
Additional Features
- 3-Story Property
- Garden
Community Details
- Eharlem Subdivision
Listing and Financial Details
- Tax Block 1659
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2019
Closed on
Aug 12, 2021
Sold by
Globalserv Property Two Llc
Bought by
242 E 110 Street Llc
Seller's Agent
Carter McHyman
Douglas Elliman Real Estate
List Price
$2,600,000
Sold Price
$2,195,000
Premium/Discount to List
-$405,000
-15.58%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,823
Avg. Annual Appreciation
0.07%
Purchase Details
Listed on
May 9, 2016
Closed on
Apr 11, 2017
Sold by
Adams Margaret J
Bought by
Globalserv Property Two Llc
List Price
$2,750,000
Sold Price
$2,500,000
Premium/Discount to List
-$250,000
-9.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.95%
Purchase Details
Closed on
May 5, 1998
Sold by
Nyc Prtnrshp Hsng Development Fund Co In
Bought by
Adams Margaret J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,300
Interest Rate
6.86%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 242 E 110 Street Llc | $2,050,000 | -- | |
| Globalserv Property Two Llc | $2,500,000 | -- | |
| Adams Margaret J | $325,250 | Title Associates Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Adams Margaret J | $223,300 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/13/2021 08/13/21 | Sold | $2,195,000 | 0.0% | -- | |
| 04/25/2021 04/25/21 | Off Market | $2,195,000 | -- | -- | |
| 10/17/2019 10/17/19 | For Sale | $2,600,000 | +4.0% | -- | |
| 04/11/2017 04/11/17 | Sold | $2,500,000 | -9.1% | -- | View Prior Sale |
| 03/12/2017 03/12/17 | Pending | -- | -- | -- | |
| 05/11/2016 05/11/16 | For Sale | $2,750,000 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $11,602 | $61,228 | $19,515 | $41,713 |
| 2024 | $11,602 | $57,762 | $41,880 | $35,288 |
| 2023 | $11,067 | $54,494 | $21,369 | $33,125 |
| 2022 | $10,879 | $113,280 | $41,880 | $71,400 |
| 2021 | $11,382 | $121,740 | $41,880 | $79,860 |
| 2020 | $10,800 | $128,040 | $41,880 | $86,160 |
| 2019 | $10,069 | $126,360 | $41,880 | $84,480 |
| 2018 | $8,960 | $45,412 | $12,425 | $32,987 |
| 2017 | $8,958 | $45,412 | $15,841 | $29,571 |
| 2016 | $8,223 | $45,069 | $21,227 | $23,842 |
| 2015 | $3,334 | $42,519 | $18,883 | $23,636 |
| 2014 | $3,334 | $40,113 | $16,477 | $23,636 |
Source: Public Records
Agents Affiliated with this Home
-
Carter McHyman
-
John Barnett
Seller Co-Listing Agent in 2021
John Barnett
Douglas Elliman Real Estate
(212) 891-7000
1 in this area
37 Total Sales
-
Ronita Kalra
Seller Co-Listing Agent in 2017
Ronita Kalra
Compass
(347) 843-9479
38 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10606433
APN: 1659-0031
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