417 E 118th St, New York, NY 10035

This three family townhouse was constructed to the high standards of a LEED Certified Green Building, it was completely rehabilitated recently and features condo quality finishes including three Jacuzzi's and infra red light and heating in the bathrooms. The first floor - is approx 1,000 sqft one bedroom, one bath garden apartment with access to the basement, and a backyard. The second floor - is aprox 1,000+ sqft one bedroom, one bath. The third and fourth floors - are a fantastic PH Duplex with three bedroom, 2.5 bath. Kitchens - Fully equipped with a maple kitchen cabinetry, a granite island and counter tops, high end stainless steel appliances including large refrigerators, gas oven, microwave, and dishwasher. Bathrooms - Feature Jacuzzi bath tubs, maple vanity with granite counters, Italian stone tiles, and private washer/dryer. Floors - Bamboo floors with radiant heating. AC/heat - Split units. Each apartment has amazing exposed brick walls and each unit has a separate gas and electric meter, and individual boiler. The East River Plaza (Target, Costco, Marshall's, etc.) are just around the corner. Call us today to see this fantastic home/investment property. The property will be delivered vacant. Projected Rent Roll: 1 - $2,750 (Option to combine with basement) 2 - $2,750 PH Duplex - $4,500 Combine basement rec room (optional) - $1,000 Gross Monthly Operating Income - $11,000 Monthly Operating Expenses: Repairs and Maintenance - $250.00 Real Estate Taxes - $450.00 Property Insurance - $125.00 Utilities - Gas & Water - $100.00 Monthly Operating Expenses - $925.00 Net Operating Income (NOI): Total Annual Operating Income - $132,000.00 Total Annual Operating Expense - $11,100.00 Annual Net Operating Expense - $120,900.00 Capitalization Rate and Valuation: Approximate Capitalization Rate - 5.26% Purchase Price - $2,298,000