Category: Stylish One-Bedroom in a Boutique Condominium
About This Property: Alpha Properties acquired this spacious one-bedroom apartment, immediately after the unit was upgraded, leading to increased rent and reduced vacancy rates. This charming elevator building offers amenities such as laundry facilities, storage options, bike storage, and a shared garden. With low common charges and a tax abatement valid until 2031, this apartment is an excellent investment achieving a cap rate exceeding 7%. By winter 2018, the apartment's value had appreciated by an additional 25%.
About This Property: Alpha Properties acquired this spacious one-bedroom apartment, immediately after the unit was upgraded, leading to increased rent and reduced vacancy rates. This charming elevator building offers amenities such as laundry facilities, storage options, bike storage, and a shared garden. With low common charges and a tax abatement valid until 2031, this apartment is an excellent investment achieving a cap rate exceeding 7%. By winter 2018, the apartment's value had appreciated by an additional 25%.
Basic Information
- Address
- 227 East 111th Street, NEW YORK, NY
- Property Type
- Condo
- Neighborhood
- Harlem
Features & Amenities
Common Outdoor Space
Elevator
Laundry
New Construction
Roof Deck
Subway