$800,000
Updated 11 years ago
Sold

324 East 120th Street

East Harlem, Manhattan | Second Ave & First Ave

6 Beds4 Baths3,200 Square FeetMulti-Family

$800,000
floors / apts4 / 4
Lot Size16'8"x99'
Built Size16'x61'
ZoneR7A
Building TypeTownhouse
RE Taxes$8,436
Price Per SF
$250

This property was sold for $1,500,000 on 02/01/12.

Listing Features

  • Gas Heat

Outdoor space and views

  • Garden

Building Amenities

  • Voice Intercom
  • Gated Entry
  • Roof Deck
  • Stoop Entry

Property Description for 324 East 120th Street

> Located on East 120 St in East Harlem between 1st & 2nd Aves this updated 4 family brownstone boasting a front stoop with gated entry, is comprised of a two bedroom garden floor through with garden access, a one bedroom floor through with large private roof deck above the extension, another one bedroom floor through, and a two bedroom floor through on the top floor. > All 4 apts are sub-metered for gas & electric. > All four rents are marketable. > There's a full cellar with a gas boiler and a water heater. > Annual income $73,800. > Annual operating expense $15,677+/-. > 6% cap rate! > Seller and bank financing available. > P.S. 96 Joseph Lanzetta (Pre-school through 8th grade) across the street. > Near restaurants and shops along 2nd Ave. > 4 blocks from the new East River Plaza mall, and the entrance to the FDR Drive on East 116 St. > 4 blocks south to East 116 St and 2 blocks west to Lexington Ave for the #6 train.

Listing History for 324 East 120th Street

Now
06/20/2012
$800,000
Sold and Closed by Brian A. Phillips
Douglas Elliman
2012

Building Details for 324 East 120th Street

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

116 St
0.34 miles
125 St
0.37 miles

Railroad

Harlem-125 StMetro-North Railroad
0.47 miles

Citi Bike

2 Ave & E 122 St
0.11 miles
1 Ave & E 118 St
0.12 miles

Contact Agent

Contact Agent

Brian Phillips
Douglas Elliman

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: 34597TH