175 East 116th Street

East Harlem   |   Lexington Avenue & Third Avenue

Building For Sale
$ 2,995,000
Ownership Rental Property
Status Active
Real Estate Taxes [Per Annum] $ 4,560
Building Type Low-Rise
ASF/ASM 3,825/355
Listing ID: 82453TH

Jason Bauer

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Manager, Lic. Associate RE Broker

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Property Description

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).
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).

Listing Courtesy of Corcoran Group

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Apartment Features

A/C
Washer / Dryer Hookups
175 East 116th Street East Harlem New York NY 10029

Building Details [175 East 116th Street]

Ownership Rental Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 1644/31
Building Type Low-Rise
Floors 0
Apts 0

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2022 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.