71 East 110 St
Multifamily | 14 Units
Marketing description
Property at 71 East 110th Street, New York, NY is a boutique rental building known as Lovina House, not a commercial property. Completed in 2015, the 7-story elevator building contains 14 luxury apartments in Manhattan's East Harlem neighborhood.
Investment highlights
While not a commercial building,
Lovina House
represents a prime investment in residential real estate.
Strong rental market: East Harlem's rental market is robust, with high demand due to its proximity to Central Park and convenient transit options.
Modern building: As a newer building (finished in 2015), it has modern construction and appealing amenities, which can attract high-paying tenants and minimize maintenance costs compared to older properties.
Luxury features: The high-end finishes, such as in-unit laundry, stainless steel appliances, and outdoor spaces, justify strong rental rates and low vacancy rates.
Future appreciation: The location in a desirable and developing neighborhood suggests potential for long-term value appreciation.
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