SOLD FOR $900,000
· Sold at asking price · Closed January 21, 2021
$900,000
$398 per sq ft
434 Wales Avenue
MLS® #RLS10547685
Listing by EXR Residential
8
Bedrooms
3
Baths
2,262
Sq. Ft.
1931
Year Built
Sale Details
Property Summary
Description
This renovated, legal three family in Mott Haven is primed for it's next owner or investor. Extraordinarily low monthly taxes of just $190 a month and market rate rentals pulling in $72k/year in income make for a 6.2% capitalization rate here (NOI- $59,270). This home is situated in Mott Haven, one of NYC's fastest growing communities. All of Manhattan's major developers are backing this neighborhood with billion dollar projects bringing 4,000 units of luxury rentals to the area in the next two years. The nightlife and restaurant scene continues to expand their offerings making this an exciting neighborhood for both owners and renters. This house is sure to be a solid investment. All apartments have natural hardwood floors, sizable kitchens with granite counters, tiled backsplashes and stainless steel appliances. Excellent long term tenants in place, all month to month. THE LAYOUT: Apt 1- 2 Bed/ 1 bath- $1650/ mo Apt 2- 4 bed/ 1.5 bath- $2400/ mo Apt 3- 3 bed/ 1 bath with skylights- $1950/ mo Please call for an appointment
Property Details
Listing courtesy of Andrew Freerks at EXR Residential. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.