UPDATED:
Key Details
Property Type Multi Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Central Harlem
MLS Listing ID 1034655
Style Mid Rise,Modern
Bedrooms 7
Full Baths 5
Rental Info No
Year Built 1910
Annual Tax Amount $40,387
Lot Size 1,550 Sqft
Acres 0.0356
Property Sub-Type Quadruplex
Source onekey2
Property Description
Exceptional opportunity to acquire a fully leased, free-market four-family building in the heart of Harlem. Originally a single-family home, the property underwent a complete gut renovation and was rebuilt in 2020 to meet modern four-family specifications. Every major component was newly constructed, creating a low-maintenance, turnkey asset designed for long-term performance.
This income-producing property generates $13,882 per month in gross rental income and delivers an impressive net operating income of approximately $8,487 per month after expenses. All four apartments have been tastefully renovated and are occupied by well-qualified tenants with a strong history of on-time payments, providing immediate and reliable cash flow from day one.
Investment Highlights
Fully free-market 4-unit building
Complete redevelopment completed in 2020
Gross Monthly Rent: $13,882
Net Monthly Income: Approximately $8,487
Fully occupied with qualified, dependable tenants
Modern renovations throughout
Low-maintenance investment with strong in-place income
Unit Breakdown
First Floor Duplex
Spacious duplex residence
Exclusive use of the finished basement
Private backyard access
Second Floor
2 Bedrooms
1 Bathroom
Private balcony
Third Floor
2 Bedrooms
1 Bathroom
Fourth Floor
1 Bedroom
1 Bathroom
Expansive private balcony with generous outdoor space
Whether you're completing a 1031 exchange, expanding your multifamily portfolio, or seeking a stable, cash-flowing asset in one of Manhattan's most desirable rental markets, this property offers the ideal combination of strong in-place income, modern construction, and long-term appreciation potential.
Properties of this caliber—fully renovated, fully leased, free-market, and producing immediate positive cash flow—rarely become available. This is a true turnkey investment with nothing left to do but collect the rent.
Location
State NY
County New York (manhattan)
Rooms
Basement Finished, Full, Storage Space, Walk-Out Access
Interior
Interior Features First Floor Bedroom, First Floor Full Bath, Granite Counters, High Speed Internet, Open Floorplan, Primary Bathroom, Master Downstairs, Recessed Lighting, Storage, Washer/Dryer Hookup
Heating ENERGY STAR Qualified Equipment, Natural Gas, Separate Meters
Cooling Central Air, ENERGY STAR Qualified Equipment, Separate Meters
Flooring Hardwood, Wood
Fireplace No
Laundry Electric Dryer Hookup, In Unit, Inside, Multiple Locations
Exterior
Parking Features On Street
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Underground Utilities, Water Connected
Garage false
Private Pool No
Building
Foundation Pillar/Post/Pier, Other
Sewer Public Sewer
Water Public
Structure Type Brownstone,Energy Star
Others
Senior Community No
Special Listing Condition None
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716