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326 East 120th Street - East Harlem

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326 East 120th Street - East Harlem

Located on East 120 St in East Harlem between 1st & 2nd Aves this updated 4 family brownstone boasting a front stoop with gated entry, is comprised of a one bedroom garden floor through with garden access, a one bedroom floor through with large private roof deck above the extension, a two bedroom floor through, and one bedroom floor through on the top floor which features a skylight as well as interior stairs to the roof for possible roof deck. All 4 apts are sub-metered for gas & electric. All four rents are marketable. There's a full cellar with a gas boiler and a water heater. Annual income $71,400. Annual operating expense $10,636+/-. 6% cap rate! Seller and bank financing available. Near restaurants and shops along 2nd Ave. P.S. 96 Joseph Lanzetta (Pre-school through 8th grade) across the street. 4 blocks from the new East River Plaza mall, and the entrance to the FDR Drive on East 116 St. 4 blocks south to East 116 St and 2 blocks west to Lexington Ave for the #6 train.

Contract signed

This listing courtesy of Douglas Elliman

Property Details:
  • 326 East 120th Street
  • Price: $800,000
  • Neighborhood: East Harlem
  • Rental
  • 5 Beds | 4 Baths
  • Price Change: -3.03 %
  • Approximate Square Feet: 3,200
  • Listing ID: 1263829
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© Prudential Douglas Elliman Real Estate.
All Rights Reserved.

All data is deemed reliable but is not guaranteed accurate by the RLS or Douglas Elliman. See Terms of Service for additional restrictions.

All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.

The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.

©2012 BRER Affiliates Inc. An independently owned and operated broker member of BRER Affiliates Inc. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation with Prudential. Equal Housing Opportunity.