58 East 120th Street
New York, New York, United States

Exterior features

Patio.

Description

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. 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!,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. 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!

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Compass - New York

Compass - New York
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