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  • 175 East 116th Street
  • $ 2,995,000
175 East 116th Street East Harlem New York NY 10029
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175 East 116th Street

East Harlem   |   Lexington Avenue & Third Avenue
Listing ID: 82453TH

  • $ 2,995,000
  • 6 Bedrooms
  • 2 Bathrooms
  • Low-RiseBuilding Type
  • 3,825/355 Approx. SF/SM

  • Details
    • Rental PropertyOwnership
    • $ 4,560Anual RE Taxes
    • Building Size
    • Lot Size
    • Year Built
    • ActiveStatus

175 East 116th Street East Harlem New York NY 10029
  • 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
  • Contact
  • Matthew Coleman

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    W: 212-677-4040
    M: 917-494-7209
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  • Matthew Coleman

    License

    Licensed Broker - President

    W: 212-677-4040
    M: 917-494-7209
    • Email Me
    • Download Contact

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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.
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31 East 12th Street, New York, NY 10003
Tel: 212.677.4040 | Fax: 212.677.4041 | info@colemanrealestate.com
© 2022 by Coleman Real Estate.  All Rights Reserved
31 East 12th Street, New York, NY 10003
Tel: 212.677.4040
Fax: 212.677.4041
info@colemanrealestate.com

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T01.50.0.0 | Core: 50.0.0
31 East 12th Street, New York, NY 10003
T:   212.677.4040   |   Email:   info@colemanrealestate.com
T01.50.0.0 | Core: 50.0.0