$2,950,000
Updated 11 years ago
Off Market

2052 Madison Ave

East Harlem, Manhattan | East 129th Street & East 130th Street

15 Rooms5 Beds4 Baths4,235 Square FeetMulti-Family

$2,950,000
floors / apts4 / 4
Lot Size16'42"x75'
Built Size16'x50'
ZoneR7-2
Building TypeTownhouse
RE Taxes$5,580
Price Per SF
$697

Listing Features

  • High Ceilings
  • Moldings
  • New Windows

Building Amenities

  • Voice Intercom

Property Description for 2052 Madison Ave

New To Market!

This turn-key, renovated, four family home is an great immediate income producing opportunity. Currently configured as a four family home, this home offers a duplex on the lower level and three full floor apartments above. The building can be delivered vacant or with an option to raise the income projection with higher rents.

2052 Madison is located on a beautiful tree lined street between 129th and 130th Street. Additionally, the building offers a brand new roof and new mechanicals.

Rent:
Apt. 1 - Garden duplex - $2,700 - month to month (since 01/09)

Apt. 2 - One bed with balcony - $2,350 (potential)

Apt. 3 - One bed - $2,250 - month to month (since 09/07)

Apt. 4 - One bed - $2,165 - month to month (since 10/11)



Total: $9,465



Expenses:

Monthly electric - common areas - $45

Monthly Water - $150

Monthly RE Taxes - $465 ($5,580 PA)

Monthly Prop. Insurance - $537.50 ($6,451 PA)
All apartments separately metered for gas and electric so tenants pay their own utilities (excluding water and sewer).For more info please contact ASAP.

Building Details for 2052 Madison Ave

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.33 miles
125 St
0.37 miles
135 St
0.39 miles

Railroad

Harlem-125 StMetro-North Railroad
0.25 miles

Citi Bike

E 128 St & Madison Ave
0.09 miles
5 Ave & W 131 St
0.11 miles

Contact Agents

Contact Agents

Ryan Serhant
Nest Seekers International
Tal Reznik
Nest Seekers International

East Harlem | Manhattan

Quick Profile

Take a stroll through East Harlem and you’ll find a vibrant, culturally diverse neighborhood, which is evident no matter which direction you look. East Harlem is also known as Spanish Harlem, El Barrio, and “The Neighborhood,” as it is home to a population that represents Hispanic immigrants, primarily from Puerto Rico, as well as from Mexico, Cuba, and the Dominican Republic. These immigrants brought their cultures with them, in the form of music, dance, art, and food. During the day, you’ll find the neighborhood filled with opportunities to experience Latin culture. Both the salsa dance craze and the graffiti style of art were born right in East Harlem. There are many great places to sample authentic cuisine, from Rao’s (where you cannot get a table unless you inherit one, and any reservations must be booked years in advance) to sidewalk carts, where you can get the best “street meat” to be had in NYC.

In East Harlem you’ll find a number of innovative educational opportunities in the form of specialized and charter schools that are considered top-notch. Many of these have very competitive admissions criteria and offer curricula that focus on creativity and social awareness. Such schools are a draw for young families that want to raise their children in an educational system that goes above and beyond the standard.

The vibe of East Harlem is one of community and neighbors that interact with each other routinely. There are many small, family-owned and -operated businesses and restaurants that have been neighborhood anchors for years. As you stroll through East Harlem, you will be immersed in sights, sounds and flavors that are straight from Latin American or the Caribbean islands, sometimes both at once. You can sample Puerto Rican-inspired plantain mofongo, which is mashed plantains with garlic and pork rinds, from local sidewalk carts. Or if it is a hot summer’s day, you might enjoy a Mexican-inspired licuado, which is a blended drink similar to a smoothie, made with milk, fruit, and ice. Sometimes, spices, citrus juices, and sugar are added. Although you will find an abundance of authentic cuisine and music no matter where you look in East Harlem.

Prefer to cook at home? East River Plaza offers Target, Costco, and Aldi stores, all of which offer fresh food at reasonable prices.

East Harlem housing consists of more affordable walk-ups, low-rise pre-war buildings, brownstones, and is dominated housing complexes. You can find some comparatively large apartments at reasonable price points, and even some rent-stabilized apartments. Luxury co-op and condo units are being built on the southern boundary of East Harlem. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 23679TH