Investment Opportunity · New York, NY

344 W 121st St

New York, NY 10027 · MLS RLS20059806

List price
$1,150,000
7 bd / 2.5 ba
Bedrooms / baths
3,600 sq ft
Living area
1899
Year built
1,514 sq ft
Lot

"This is an ALL-CASH ONLY acquisition and is not suitable for traditional financing."

Listed by Beth Gittleman Compass (646) 408-7785

From the listing. ALL-CASH PURCHASE. SRO brownstone in the heart of Harlem ideal for a buyer who is fully comfortable navigating complex tenancy and regulatory conditions. This three-story townhouse currently operates as a multi-unit SRO with long-term occupants, no DHCR registration, and no Certificate of No Harassment on file. Approx. 3,600 SF, 7 active units, R7B zoning.

01 - Price This Property

What you qualify for on 344 W 121st St.

Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.

List price $1,150,000
State NY

A ballpark is fine. Nothing is pulled.

Flips, rentals bought and sold, or builds. Decides the down payment.

Our super rough estimate at $110 per sq ft. Put in your contractor's number if you have one.

The loan stays under 75% of it. Leave blank to size on the price alone.

    02 - The Numbers at Closing

    Priced at the list price.

    ItemOption 1Option 2

    *Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.

    We are the lender, not the listing agent. This property is listed by Beth Gittleman, Compass ((646) 408-7785). To see it or make an offer, contact Beth directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.

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