Description
Offered for sale is a fully operational 12 Unit hotel in the heart of South Harlem on 111th St. The building has 2 rent stabilized units and 12 operational hotel rooms generating $448,560 in annual gross income. In 2018 the property had a 0% vacancy rate. The building underwent a full renovation in 2015 and in 2018 ownership renovated the plumbing system. At the offering price of $4,000,000 the property is offered at a 5.4% cap rate.
Location
Property Details
Price: $3,500,000
Address: 137 W 111th ST
City: New York
State: NY
ZIP: 10026
Address: 137 W 111th ST
City: New York
State: NY
ZIP: 10026
MLS #:
Square Feet: 3700
Bedrooms: 12
Bathrooms: 5
Basement:
Square Feet: 3700
Bedrooms: 12
Bathrooms: 5
Basement:
Additional Features:
Additional Photos
