Saturday, August 16, 2008

Listing of the Day: 2 Family in Mott Haven for less than a Studio in Manhattan.

314 East 140th Street - $569,000
Is Mott Haven the new frontier of City houses? This legal two family has over 2,700 sq.ft! Even if the buyer has to put $100K into this house it is still a steal - with potential rental income to boot. Why pay suburb taxes when that money could be going to your equity? The taxes on this house are only $80 a month - less than a monthly metrocard.

The cross street for this house is Alexander Avenue, which is quickly becoming the new hip-strip in outerborough land: artists' lofts, bars and eateries, antique shops and beautiful architechture. An added bonus is the unique immediate surroundings of this 2 family as it is across the street from the first Bronx New York Public Library endowed by the Carnegie family.


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