318 E 117th St #1A, New York, NY 10035

Fully occupied 8 unit rental building. All free market units. Construction was completed May 2018 Over a 4% cap rate and only increasing as the rents recover from covid! Yearly rental income: $257,700 Projected yearly income in 2025: 280K Only Two units per floor. Front and back with the staircase in the middle. First floor - Front unit is a massive studio duplex. The rear unit is a 2 bedroom duplex with a massive back yard. Second Floor - Two large 1 bedroom units with a dining alcove that most use as a home office. Third Floor - Identical to the second floor but these units have large balconies. Fourth Floor - Two units, both are 2-bedroom duplex units with a balcony on the main floor and a large roof deck on the upper level. All units have full sized washer dryers and high ceilings.