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).

Property Details of 175 East 116th Street, Unit NA

Property Details

Map Location

Driving Directions

Listed by Eugene Santiago of Corcoran Group

Based on information submitted to REBNY as of May 23, 2022 11:49 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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