303 E 109th St, New York, NY 10029

9 beds9 baths5,000 sqft

Off Market
Zestimate®: $4,740,859
Rent Zestimate®: $11,402/mo
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This home is not currently listed for sale or rent on Zillow.

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A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property.

My Notes

Edit
303 East 109th Street is a rare 25 wide, 126 deep development site just off of East Harlem s Second Avenue commercial corridor . Though a 4,788 sq. ft. building with tenants currently occupies the site, the property can be delivered vacant. Located within 100 from the avenue, the property boasts R8A/C1 - 5 zoning, and has DOB approved plans for a 17,790 sq. ft residential building . The approved plans consist of twelve 12 one bedroom and 2 two-bed - room units. Nearby residential developments, such as 227 East 111th Street, Magnolia Mansion, and The Ivy have consistently pushed East Harlem sellout values to new heights. The property was renovated in 2008 and features all new plumbing, electric, boiler, and roof. The current rent roll is $10,025 per month with $120.300 yearly income with room to grow. All the units are under-rented (Unit #1 three bedroom $3100, Unit #2 $2275, Unit #3 $2300, Unit #4 2350. Yearly expenses are $17,300 and the building is self managed.  More Less 

Facts

  • Lot: 3,150 sqft
  • Townhouse
  • Built in 1910
  • Last sold: Jul 2008 for $1,600,000

    Construction

    • # Stories: 3.0
    • Unit count: 4

    Other

    • Floor size: 5,000 sqft
    • Last remodel year: 1987
    • Lot depth: 126
    • Lot width: 25
    • Parcel #: 16810104
    • Zillow Home ID: 31546817

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $4,740,859
    +$379,450 Last 30 days
    $3.75M
    $5.69M
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $11,402/mo
    +$708 Last 30 days
    $5.2K
    $23K
    Zestimate range

    Popularity on Zillow

    1,378 all-time views
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    Neighborhood

    Market guide

    Zillow predicts East Harlem home values will rise 7% next year, compared to a 3.4% increase for New York as a whole. Among 10029 homes, this home is valued 554.5% more than the midpoint (median) home, and is valued 1.9% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In East Harlem, the number of foreclosures waiting to be sold is 782.2% higher than in New York, and 110.1% greater than the national average. This higher local number may prevent East Harlem home values from rising as quickly as other regions in New York.

    Learn more about forecast calculations or East Harlem home values.
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      For Sale

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      Other Units in this Building (1)ZestimateBedsBathsSqft
      Colchester$955K21900

      Nearby Schools in New York

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      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

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