Fabulous opportunity to purchase a spacious 20’-wide, beautifully-designed 3-family townhouse with a basement and outdoor space in vibrant East Harlem! This one will not last and has so much to offer, with a great location near many attractions and conveniences, and LOW property taxes of $3,125.00 p...
Fabulous opportunity to purchase a spacious 20’-wide, beautifully-designed 3-family townhouse with a basement and outdoor space in vibrant East Harlem! This one will not last and has so much to offer, with a great location near many attractions and conveniences, and LOW property taxes of $3,125.00 per year. ( 11 years left on tax abatement) You can’t beat the investment value either, with an owner’s triplex and 2 large rental apartments! The expansive 3 bedroom 2.5 bath owner’s triplex is a dream home with plenty of room for living and entertaining. On the first floor is the sunny front-facing living room with hardwood floors, a powder room, multiple closets, plus a dining room and open kitchen. The 3 bedrooms on Garden level include a roomy master with plentiful closet space and an en-suite bath. Bedrooms 2 & 3 also have generous closet space, including a walk-in.
The basement is an amazing hideaway that can be converted into a recreation/game room/office, a home gym, washer/dryer, mechanicals room and abundant storage. Some portion of the home must be owner-occupied for the next 12 years – but who would want to leave! You can live in the triplex and rent the upper two apartments or reverse it and live in one of the two bedroom apartments and rent the other units for a higher return. There is a separate entrance to levels 3 and 4 which are each 2 bedroom apartments with a living/dining room, open kitchen with breakfast bar, a full bath, walk-in and other closets. Both are free-market rental apartments and have excellent income potential. Situated on East 119th Street between Madison and Park Avenues, 59 East 119th Street enjoys a prime address in East Harlem which has experienced tremendous development in recent years. Minutes from your door are diverse shops and restaurants, Whole Foods Market, Target, Marcus Garvey Park, The Jazz Museum in Harlem, Museum of the City of New York, El Museo del Barrio, Metro North and the subway!
Copyright 2011 - 2019 Agorafy.com. All information is from sources believed to be reliable and is subject to change of price, rental, commission or other conditions, prior sale, lease or financing or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footage are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics are reserved. Customer should consult with its counsel regarding closing costs. Nothing herein shall constitute an offer or solicitation with respect to the purchase or sale of any property in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it would be unlawful to make an offer or solicitation.