Total Est. Monthly Carrying Cost:
$5,225 ($5.49/ft2)
Note: the above is based on a down payment of 20% ($180,000),
which is the minimum amount permitted by the building.
Description
Seize the chance to own a high-end, tenant-occupied apartment in the thriving neighborhood of South Harlem. This investment opportunity offers significant yield potential, backed by robust real estate growth and long-term tax advantages.
This is more than just a stylish, well-equipped apartment; it’s a sustainable revenue generator. The property comes with a reliable, well-qualified tenant in place, who contributes a substantial monthly rent of $3,645 (Lease Expires 04/30/2024).
What’s more, with a 421A tax abatement valid for another 18 years, you can look forward to a substantial reduction in property taxes, enhancing your net return on investment.
Step into an elegant, open living room illuminated by contemporary recessed lighting. Experience the convenience and luxury of a Daikin split air conditioning system, providing customized temperature control for each room, all year round.
With two bedrooms boasting custom closets, storage concerns become a thing of the past. The master suite enhances comfort and practicality with its attached half bathroom.
Embrace intelligent investing with this chic income-generating property in South Harlem.
Maximize your portfolio’s value by capitalizing on the thriving real estate market. Seize this opportunity now for long-term rewards.
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