Overview

Description

THIS 20 UNIT IN NYC'S MARBLE HILL WAS GUT RENOVATED FROM A VACANT SHELL IN THE LATE 80s

26 Fort Charles Place was substantially gut renovated (from a vacant shell) in the late 1980's and a 34 year J-51 tax abatement is set to expire in 2023. This creates a possibility to destabilize apartments with some leases already containing the appropriate language.

The subject is located in the Marble Hill section of Manhattan on the southeastern side of Fort Charles Pl. and just south of Marble Hill Avenue.

Residents live close the ample local shopping, dining and entertainment as well as both an MTA and a Metro North station at Marble Hill Avenue.

Ownership of this all brick, prewar building has maintained most of the original decorative features. There is a steel and glass entrance leading into a center courtyard and all ground floor units have egress into the courtyard. The parapet, flashing and coping stones are all in great shape.

Other features include: cameras throughout, an intercom system, a steel and marble staircase, a silver coat roof, a natural gas boiler, and a laundry area with two washers and two dryers. The landlord pays for cooking gas.

Documents

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