New York, NY 10029

Property

Ownership: For Sale
Type: Unknown
Lot Size: 0.0 Acres

Financials

Price:$1,800,000
Annual Taxes:$17,504
505 Park Ave, New York, NY 10022
Listing Courtesy of YourHomeSold Guaranteed Realty

A rare opportunity to acquire an income producing, four story mixed use building in the heart of East Harlem, ideally positioned between 1st and 2nd Avenues.

Description

A rare opportunity to acquire an income-producing, four-story mixed-use building in the heart of East Harlem, ideally positioned between 1st and 2nd Avenues. The property comprises one ground-floor retail unit with basement access and private backyard, a one-bedroom/one-bathroom residential unit, and a two-bedroom duplex with one-and-a-half bathrooms — totaling approximately 3,885 gross square feet on an 18.33' × 90' lot. Zoned R7B with approximately 1,064 square feet of available air rights, the building offers meaningful development upside. Renovated in 2018 and delivered with separate utilities, 352 East 116th Street requires no tenant displacement — making this a seamless value-add investment from day one. Steps from the 116th Street 6 train, with convenient access to the FDR Drive and Metro-North, the property sits at the center of one of Manhattan's most dynamic and rapidly evolving neighborhoods. East Harlem's thriving dining and retail corridor, proximity to Mount Sinai Hospital, and sustained residential demand position this asset for continued appreciation in a market with limited mixed-use inventory.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

Long Island MLS

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. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.