Nest Seekers

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.

New York, NY 10029

Listing

Web ID:5427979
Website:https://www.nestseekers.com/5427979

Property

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

Financials

Price:$1,800,000
Annual Taxes:$17,504

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
  • Four-story brownstone building featuring a classic facade with multiple window configurations
  • Street-level storefronts with large display windows and direct street access
  • Paved patio with string lighting and planted garden beds Virtually Staged
  • Utility room featuring extensive metal shelving units and durable concrete flooring
  • Interior space featuring light wood-finish flooring, white walls, and recessed lighting
  • Commercial office interior featuring wood-finish flooring, a wall-mounted television, a large window with horizontal blinds, and a striped area rug
  • Reception area featuring wood-finish flooring, light-toned walls, and a window with blinds
  • Commercial space featuring wood-finish flooring, recessed lighting, and white walls
  • Spacious room featuring wood-finish flooring, recessed lighting, and a wall-mounted flat-screen display
  • Well-lit bathroom featuring white tiled walls with a light green accent stripe, hexagonal floor tiles, a pedestal sink with exposed plumbing, a toilet
  • Dedicated office space featuring wood-finish flooring, neutral-toned walls, a window with horizontal blinds, a white door with a lever handle, and rec
  • Utility room featuring multiple water heaters and a series of blue heating units
  • Floor plan
  • Floor plan
  • Floor plan

Contact

Eastside, NY, Corporate
505 Park Ave, New York, NY 10022
Phone: +1 212-252-8772
info@nestseekers.com
Listing Courtesy of YourHomeSold Guaranteed Realty
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