227 East 111th Street

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Building Description

Category: Fabulous one bedroom apartment in a boutique Condominium building.

ABOUT THIS PROJECT: Alpha Properties purchased this generous one bedroom apartment with fully equipped stainless steel kitchen and good condition overall, apartment was re painted, some appliances were changed and bathroom was upgraded bringing up the rent-roll and reducing the overall vacancy rate. This charming elevator building offers laundry, storage, bike storage and a common garden. Low common charges and a tax abatement that is in effect until 2031.
The Apt's renovations were completed within less then two months from the day purchased and apt was rented imm after with cap rate exceeding 5%.
Apartment value as of winter 2018 increased by additional 20% from day purchased.

Building Features

Elevator
Subway
New Construction
Laundry
Roof Deck
Common Outdoor Space
Area: Harlem

 


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Nearby Subways

  • 6 Lexington Ave & 110th St (~0.17 mile)