Contact Agent Homes with None Parking features

Contact Agent Homes with None Parking features

Welcome to the vibrant community of [Your Neighborhood Name] in New York, where exceptional living meets top-notch education! If you’re considering a move to this picturesque area, you’ll be pleased to know that it falls within a highly regarded school district, renowned for its commitment to academic excellence and holistic student development. Families here benefit from a range of educational programs, dedicated teachers, and state-of-the-art facilities that foster a love for learning from an early age.

In addition to its stellar educational offerings, [Your Neighborhood Name] boasts a unique charm that sets it apart. The homes in this area are designed with a blend of character and modern convenience, many featuring None Parking options, which is perfect for those who prefer a more urban lifestyle. Imagine coming home to a beautifully crafted residence that reflects your personal style, all while being just a stone's throw away from local parks, shops, and cultural attractions.

Whether you're a first-time homebuyer or looking to invest in a property that offers both comfort and community, [Your Neighborhood Name] is a fantastic choice. Our dedicated team of real estate professionals is here to guide you every step of the way. For more information about available homes or to learn more about the local school district, please don’t hesitate to contact our agent. Your dream home in New York awaits!

Newest Contact Agent Homes with None Parking features

$1,150,000
1032679 MLS
Looking to build your portfolio? Add this trophy property to your collection! 188 Lenox is a rare architectural canvas located on historic Lenox Avenue. Built in 1887, this turn-of-the-century, mixed-use townhouse is situated along one of Upper Manhattan’s most iconic corridors and is available for sale. 188 Lenox Avenue is a 4-unit, mixed-use building located between 119th and 120th Streets. This property features ground-floor commercial space—currently being used as a hardware store—and three vacant residential units above. The property can be restored to its original beauty to generate passive rental income, or it can be renovated and converted into condos. For comparison, condos at 192 Lenox (just two buildings down) have sold in the $700K to $1M range. The building can be delivered with a Certificate of Non-Harassment and DOB-approved plans to convert into a legal 4-family building plus commercial space. Approved Plans Include: * 2nd Floor: Two (2) studio apartments, projected to rent for a minimum of $2,646/month each. * 3rd & 4th Floors: Two (2) floor-through 2-bedroom apartments, projected to rent for a minimum of $3,058/month each. * 1st Floor: Commercial space with excellent retail frontage near the Mount Morris Park Historic District. Can be rented for approximately $90/sq. ft., bringing in roughly $10,500/month. Unleash immediate upside in Harlem’s historic and commercial heart! Grand Totals * Total Monthly Income (4 Residential + 1 Commercial):$11,408 + $10,500= $21,908 / Month * Total Annual Gross Income:$21,908 x 12 = $262,896 / Year At a fair aqcuisition price, with conservative expense estimates, this property can bring in a double-digit cap rate (11.5% to 13.1%) which is an extraordinary return. Schedule your showing today!

188 Lenox Avenue, New York (Manhattan)

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