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232 E 116th St
New York, NY 10029 East Harlem

$6,500,000

Apartments For Sale  •  16,287 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 16,287 Sq Ft
  • Lot Size 0.09 ac
  • Building Class B
  • Year Built 1910
  • Cap Rate 4.20 %
  • Zoning R7A
100 Transit Score
99 Walk Score

Description

Located in the highly vibrant commercial corridors of East Harlem section of New York City, 232 East 116th Street is a six-story 16,287 square foot building. This walk-up building consists of 28 apartments and 2 retail stores. 
 
The 28 Apartments: The building is at 100% occupancy. All units are rent stabilized. These studios, one, and two-bedroom apartments each feature hardwood flooring. 
 
2 Store Fronts: 116th Street is one of the major commercial corridors in East Harlem. The 2,832 sq. ft -- combined commercial space -- is occupied by a Flower shop and a Video/Media store. The respective leases expire in 2020 and 2022 with no renewal option.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $275,078 (2018)
Cap Rate: 4.20 %
Total Expenses: $272,147

Amenities

  • Dishwasher
  • Heating
  • Kitchen
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Harlem-125th Street Station Commuter Rail (Hudson, Harlem, New Haven Lines) 2 min 15 min 0.7 mi
Yankees-E 153rd Street Station Commuter Rail (Hudson Line) 5 min - 2.8 mi
Transit/SubwayDriveWalkDistance
116 Street (4,6 Line) Transit Stop 1 min 4 min 0.2 mi
110 Street (4,6 Line) Transit Stop 2 min 10 min 0.5 mi
125 Street (4,5,6 Line) Transit Stop 2 min 13 min 0.6 mi
116 Street (2,3 Line) Transit Stop 3 min 13 min 0.7 mi
103 Street (4,6 Line) Transit Stop 3 min 17 min 0.8 mi
AirportDriveWalkDistance
La Guardia Airport 13 min - 6.4 mi
John F. Kennedy International Airport 26 min - 17.5 mi
Newark Liberty International Airport 36 min - 21.0 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Nikia Vankeuren 347-819-0911 The Van Keuren Group, Inc
Nikia Vankeuren 347-819-0911 The Van Keuren Group, Inc