3 East 128th Street, New York (Manhattan), NY 10035

Property Description

Please note that showing are by appointment only – please contact the listing brokerage for your private tour. 3 East 128th Street is a beautiful 20-foot wide Neo-Grec Four Family rental investment townhouse, in excellent condition and located in a desirable location in Central Harlem. This fully renovated brownstone townhouse is composed of four floor-through free-market two-bedroom one-and-a-half bath apartments, offering excellent cash flow and return on investment. At fully 20 feet wide, this property provides approximately 4,520 square feet of space plus a clean, neat cellar and sunny backyard. The maximum buildable area is 6,000 square feet, thus there are an additional 1,480 square feet of available air rights. All units boast high ceilings, large windows supplying abundant natural light, charming original details (moldings, window shutters, woodwork and mirrors), hardwood floors, exposed brick, open-plan kitchens with microwave and dishwasher, fully tiled bathrooms and spacious king-size bedrooms. Current rents in the area average approximately $3,250/month, and all units at the property are separately metered, allowing tenants to pay their own utilities. As such, this property offers outstanding potential for cash on cash return. This lovely townhouse property is just a few steps from Harlem’s Restaurant Row and shopping and entertainment on 125th Street. It is also conveniently close to transportation options including the 2/3 and B/C subway lines, the M2, M7 and M101 bus lines and Metro North. For recreation, 3 East 128th Street is nestled between Mount Morris Park and Morningside Park. This property will be delivered with all paperwork provided and can come with free market tenants. Call today for more information and your private showing!