GFI Realty Services Inc., has completed the $1.26 million sale of 330 East 117th St., a four-story walk-up located in the East Harlem section. The property consists of five apartments and one office which translates to $210,000 per unit and ten times the rent roll. This early 1900's apartment building totals 5,200 s/f. Kobi Zamir, an associate of GFI, represented the seller, a local investor. Zamir and Roni Abudi, the managing partner of GFI, together represented the buyer, also a local investor.
"The property was rebuilt eight years ago and is in great condition," said Zamir. "The property will only require a few additional upgrades."
"The buyer jumped at the opportunity to purchase a fully renovated property in a great location," said Abudi.
This multifamily apartment building is located in close proximity to the East River Plaza, the busy East 116th St. corridor, as well as major subway lines which are only a short walk away. Tags: