175 East 116th St. $3,495,000

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    175 East 116th St. New York, NY 10029

    • 6 Beds
    • 2 Baths
    • $0 Maint/CC
    • $380 Re Taxes
    • Multi-Family
    • MLS# 3739216
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    Views: 2 Days On Site: 205

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    Property Details

    Great mix use building in the Heart Of East Harlem, with income generating commercial space. This is one of the 4 buildings being sold as a preferred package deal in the same area. The other 3 are actually right up the street on the same block. This building has 2 apts and 2 commercial spaces, which can be a great income producing investment. All of these buildings have significant air rights... Close proximity to the 6 train and multiple bus routes. East River Plaza Mall is a stone through away, which has multiple department stores like, Costco, Target, Burlington, Marshalls, Aldi to name a few. Residential FAR 4.2 Facility FAR 4.2 FAR as built 2.20 Allowed usable floor area 7,312 Usable floor area as built 3,830 Unused FAR 3,482 Square feet 3,825 Building dimensions 17 ft x 55 ft Lot sqft 1,741 Lot dimensions 17.25 ft x 100.92 ft Zoning districts R7D, C1-5, EHC Set-up Taxes $4,558 Insurance $4,391.42 Water & Sewer $422.50 Light $313.15 Oil $4,470. 93 Potential rent for apt 2 $2,500 monthly $30,000 Annually Rent for apt 1 $2,000 monthly $24,000 Annually Potential Rent for commercial space 2 $5000 monthly $60,000 Rent for commercial space 1 $7,350 Monthly $88,200 Annually Income $202,200 Expenses $14,156 NOI $188,044 Note that the above is given for information only, as a very basic explanation of FAR and Development Rights (generally and related to specific property).

    • General Features
      • Year Built 1900
      • Hoa Fee 0.00
      • Neighborhood East Harlem
      • New Development No
      • Real Estate Tax 380
    • Building Features
      • Building Bike Storage No
      • Building Class S9
      • Building Doorman No
      • Building Elevator No
      • Building Garage No
      • Building Gym No
      • Building Laundry No
      • Building Pets No
      • Building Pool No
      • Building Prewar No
      • Building Rooftop No
      • Building Storage No
      • Foyer No
      • Garden Yes
      • Has Fireplace No
      • Has Outdoor Space Yes
      • Number of Building Stories 4
      • Number of Building Units 2
      • Number of Half Baths 0
      • Number of Rooms 10.00
      • Unit Balcony No
      • Unit Garden Yes
      • Unit Laundry Yes
      • Unit Terrace No

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    Neighborhood

    10029 (New York) Demographics

    37 Median Age
    91,924 Population Density (per sq. mile)
    38% College Educated
    $33,801 Estimated Median Income
    2,136 Estimated Total Home Owners
    29,349 Estimated Total Renters
    7% / 93% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    74,617 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $795,000 Median Sales Price
    6 Homes Sold
    14 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,495,000
        3/21/2022 7:26:09 PM Price Reduced Source: Multiple Listing Service New Value: $3,495,000 -12.63%
        1/18/2022 8:34:00 PM New in Database Source: Multiple Listing Service New Value: $4,000,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.