A townhouse at 209 East 111th Street, located between Second and Third Avenues in Manhattan’s East Harlem neighborhood, was sold in an all-cash transaction valued at $1,250,000.
The four-story townhouse contains approximately 3,036 square feet and sits on a 22.33’ x 100.92’ lot. Built in 1998, it consists of three free market residential units, with a ground floor one-bedroom unit, a three-bedroom owner’s duplex and a fourth floor two-bedroom unit. The property benefits a driveway and garage. The sale price equates to approximately $412 per square foot.
The building is located just two blocks from the 6 subway line stop at 110th Street and Lexington Avenue. Access to shopping, restaurants and entertainment are all in close proximity and the East River Plaza shopping center is only a short walk away.
“This is a unique property. It is relatively new construction and offers 22 feet of frontage as well as a garage,” said Massey Knakal’s Lev Kimyagarov, who exclusively handled this transaction. “The all-cash buyer was able to move quickly, closing in less than 30 days. This property will provide a fantastic live-plus income opportunity for the new owner,” he continued.
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Neighborhoods: Harlem