Updated 20 hours ago

343 Pleasant Ave

East Harlem, Manhattan | East 118th Street & East 119th Street

9 Rooms3 Beds3,200 Square FeetMulti-Family

$2,100,000
floors / apts4 / 4
Lot Size20'x88'
ZoneR7A
Building TypeLow-Rise
RE Taxes$5,835
Price Per SF
$656

Outdoor space and views

  • Backyard
  • Terrace

Building Amenities

  • Voice Intercom

Property Description for 343 Pleasant Ave

Welcome to 343 Pleasant Avenue - A highly coveted tax class 2A property which is an exceptional investment opportunity with major upside potential. Situated in the heart of East Harlem, this charming, 4-story mixed-use property offers the perfect blend of historic character and neighborhood conveniences at your doorstep. 343 Pleasant Ave is a short block away from the popular shops of the East River Plaza Mall, which include Target, Costco, Aldi’s, Marshall’s, Planet Fitness, and more.

East Harlem has seen remarkable development over the years and has transformed into a vibrant and culturally rich community. Investments in infrastructure, housing initiatives, and revitalization efforts have made it a highly sought-after neighborhood for both residents, businesses, and investors.

The property contains 4 full floor units plus a full basement. The ground floor retail space houses Casa Azul, a high-end Mexican seafood restaurant. In addition to the interior space, they occupy the expansive private backyard which allows for significantly more outdoor seating.

Each floor-through-unit on floors 2-4 is approximately 800 square feet and has one bedroom plus one home office and one bathroom. The 2nd floor also has a front facing private terrace. All units are separately metered for both electricity and gas.

343 Pleasant offers a tremendous opportunity for an end user in the restaurant business. Additionally, with all units being significantly under market, an investor will have upside from day one of ownership.

Do not miss out this versatile property with amazing growth potential.

Additional financials available upon inquiry.

Listing History for 343 Pleasant Ave

Now
09/26/2023
$2,100,000
Initial Price by Steven Evans
Platinum Properties
Launch

Building Details for 343 Pleasant Ave

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Citi Bike

Pleasant Ave & E 120 St
0.08 miles
E 117 St & 1 Ave
0.12 miles

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. 

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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: 92659TH