Description
Welcome to 579 E 168th St—a five-unit, brick building with luxurious condo-quality finishes, ideally situated in the Morrisania. This turnkey investment property offers investors a prime opportunity to generate substantial income with minimal maintenance costs. The building has been extensively upgraded, featuring separate utilities and a new roof, plumbing, electrical systems, hardwood flooring, and windows. Each unit boasts high-end finishes, including in-unit washers/dryers, stainless steel appliances, stone countertops, recessed lighting, and a virtual doorman, among other premium touches. With a total of 5, 136 square feet, the property houses five full-floor, free-market apartments comprising two 2-bedroom, 2-bathroom, and three 3-bedroom, 2-bathroom units. The property can be delivered vacant by closing, a perfect opportunity for a savvy developer. The building is near shopping, supermarkets, and easy access to public transportation with the MTA B, D, 2, and 5 train lines nearby.
More Property Details
Bedroom: 13
Full Bath: 9
Lot Size: 0.0528
Lot Sq Ft: 2300
Approx. Int. Sq. Ft.: 5136.00
Parking Spaces: Yes
Parking Facilities: On Street
Heat: Natural Gas, Baseboard
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $11,726
Maintenance: $4,200
School District: Contact Agent