Buy&Hold (Multifamily): 2 Units, 321 East 116th Street – Manhattan, NY + $1,500,000
- Promise Land Realty
- Aug 14
- 3 min read
MultiFamily Investment Oppurtunity
Price
$1,500,000
Off-Market Urban Core Investment – Immediate Closing Opportunity
Address: 321 East 116th Street – Manhattan, NY
Rare opportunity to acquire a 4-story, 17′ wide brownstone in the heart of East Harlem, one of Manhattan’s fastest-growing urban core submarkets. Perfect for investors seeking strong upside in a prime location.
Property Details:
Certificate of Occupancy: 2 units – Doctor’s office + apartment
Asking Price: $1,500,000 – Ready-to-close buyer required
Closing Date: Next week
Floor plans available upon request
Highlights:
• Off-market – not available to the general public
• Located in a high-demand corridor with significant redevelopment activity
• Potential for repositioning, rental income growth, or mixed-use optimization
• Steps from transportation, retail, and cultural hubs in East Harlem
Investor Note:This is a high-return urban core play ideal for Georgia-based multifamily investors looking to diversify into NYC’s resilient and appreciating market. Opportunities at this price point in Manhattan’s core are rare and move fast.
Submit all offers directly to:investments@promiselandrealtyllc.com
Property Map
Inquiries & Offers: Promiseland Realty LLC – International Off-Market Division
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
A $1,000 non-refundable Commitment Fee is required from all interested parties prior to contract execution. This fee secures priority positioning, covers consulting and processing costs, and confirms buyer intent. Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors & Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
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PROMISE LAND REALTY LLC
Work: 864-762-2509
Trusted by 50,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
A $1,000 non-refundable Commitment Fee is required from all interested parties prior to contract execution. This fee secures priority positioning, covers consulting and processing costs, and confirms buyer intent. Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors and Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
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