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11 bd10 baCondop![1. 318 East 117th Street](https://img-v2.gtsstatic.net/reno/imagereader.aspx?url=http%3A%2F%2Fmmsmh.gothamphotocompany.com%2FMedia%2FPhotography%2FDEGI%2F462790%2F4c2513b2-80c5-49aa-a625-05fa6e598645.jpg&w=3840&q=75&option=N&permitphotoenlargement=false&fallbackimageurl=https%3A%2F%2Fwww.cityhomes.com%2Fassets%2Fimages%2Fcommon%2Fnophoto%2Flisting.jpg)
![2. 318 East 117th Street](https://img-v2.gtsstatic.net/reno/imagereader.aspx?url=http%3A%2F%2Fmmsmh.gothamphotocompany.com%2FMedia%2FPhotography%2FDEGI%2F462790%2Ff8b32dae-da10-4c97-82d4-9f55bd3ccf2f.jpg&w=3840&q=75&option=N&permitphotoenlargement=false&fallbackimageurl=https%3A%2F%2Fwww.cityhomes.com%2Fassets%2Fimages%2Fcommon%2Fnophoto%2Flisting.jpg)
![3. 318 East 117th Street](https://img-v2.gtsstatic.net/reno/imagereader.aspx?url=http%3A%2F%2Fmmsmh.gothamphotocompany.com%2FMedia%2FPhotography%2FDEGI%2F462790%2F9ffb3f8a-7a21-4ca3-b438-5cdddc11d1e1.jpg&w=3840&q=75&option=N&permitphotoenlargement=false&fallbackimageurl=https%3A%2F%2Fwww.cityhomes.com%2Fassets%2Fimages%2Fcommon%2Fnophoto%2Flisting.jpg)
![4. 318 East 117th Street](https://img-v2.gtsstatic.net/reno/imagereader.aspx?url=http%3A%2F%2Fmmsmh.gothamphotocompany.com%2FMedia%2FPhotography%2FDEGI%2F462790%2F9804679b-ce16-4e99-ae14-468f3e158397.jpg&w=3840&q=75&option=N&permitphotoenlargement=false&fallbackimageurl=https%3A%2F%2Fwww.cityhomes.com%2Fassets%2Fimages%2Fcommon%2Fnophoto%2Flisting.jpg)
![5. 318 East 117th Street](https://img-v2.gtsstatic.net/reno/imagereader.aspx?url=http%3A%2F%2Fmmsmh.gothamphotocompany.com%2FMedia%2FPhotography%2FDEGI%2F462790%2F0d898911-3e82-41b3-b322-7d6161cd604e.jpg&w=3840&q=75&option=N&permitphotoenlargement=false&fallbackimageurl=https%3A%2F%2Fwww.cityhomes.com%2Fassets%2Fimages%2Fcommon%2Fnophoto%2Flisting.jpg)
![6. 318 East 117th Street](https://img-v2.gtsstatic.net/reno/imagereader.aspx?url=http%3A%2F%2Fmmsmh.gothamphotocompany.com%2FMedia%2FPhotography%2FDEGI%2F462790%2F64cca6da-7815-400c-abab-c71a8ab04b8b.jpg&w=3840&q=75&option=N&permitphotoenlargement=false&fallbackimageurl=https%3A%2F%2Fwww.cityhomes.com%2Fassets%2Fimages%2Fcommon%2Fnophoto%2Flisting.jpg)
![7. 318 East 117th Street](https://img-v2.gtsstatic.net/reno/imagereader.aspx?url=http%3A%2F%2Fmmsmh.gothamphotocompany.com%2FMedia%2FPhotography%2FDEGI%2F462790%2F4ad0c193-ff5d-4146-a506-141076438d53.jpg&w=3840&q=75&option=N&permitphotoenlargement=false&fallbackimageurl=https%3A%2F%2Fwww.cityhomes.com%2Fassets%2Fimages%2Fcommon%2Fnophoto%2Flisting.jpg)
Tools
Size
11
Bedrooms
10
Full Baths
2
Partial Baths
Financial
$3,995,000
Change Currency
$58,164
Annual taxes
Listing Details
Condop
Property type
2546242
Web Id
619-8587418
MLS ID
877
Days Posted
Description
318 East 117th Street,
Manhattan,
NY
10035
Manhattan, NY 10035
Fully occupied 8 unit rental building. All free market units.
Construction was completed May 2018
Over a 4% cap rate and only increasing as the rents recover from covid!
Yearly rental income: $257,700
Projected yearly income in 2025: $280,000
Yearly taxes: $58,162
Only Two units per floor. Front and back with the staircase in the middle.
First floor -
Front unit is a massive studio duplex. The rear unit is a 2 bedroom duplex with a massive back yard.
Second Floor -
Two large 1 bedroom units with a dining alcove that most use as a home office.
Third Floor -
Identical to the second floor but these units have large balconies.
Fourth Floor -
Two units, both are 2-bedroom duplex units with a balcony on the main floor and a large roof deck on the upper level.
All units have full sized washer dryers and high ceilings.
Construction was completed May 2018
Over a 4% cap rate and only increasing as the rents recover from covid!
Yearly rental income: $257,700
Projected yearly income in 2025: $280,000
Yearly taxes: $58,162
Only Two units per floor. Front and back with the staircase in the middle.
First floor -
Front unit is a massive studio duplex. The rear unit is a 2 bedroom duplex with a massive back yard.
Second Floor -
Two large 1 bedroom units with a dining alcove that most use as a home office.
Third Floor -
Identical to the second floor but these units have large balconies.
Fourth Floor -
Two units, both are 2-bedroom duplex units with a balcony on the main floor and a large roof deck on the upper level.
All units have full sized washer dryers and high ceilings.
Amenities
- Balcony
- Dishwasher
- Outdoor Space
- Terrace
- Gardens
- Wrap Terrace
- Air Conditioning
- Central Air Conditioning
Price History
date | price | variance | type |
---|---|---|---|
3/23/2022 | $3,995,000 | - | Listed |
Listing By: Douglas Elliman via Data Source: RealPlus MLS