170 E 104th St - Apartments FOR SALE


New York, NY 10029- East Harlem
$1,950,000 USD
212-951-1041
170 E 104th St, New York, NY for Sale
$1,950,000 USD
Apartments - FOR SALE
1/6
null | 6.61% Cap Rate

170 E 104th St
New York, NY 10029
East Harlem


HIGHLIGHTS

  • Superior Location
  • Stable Income with Rent Growth
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 170 E 104th Street in New York, New York (the “Property”). Located in the East Harlem neighborhood of Manhattan, 170 E 104th Street is a four-story multi-family building and contains sixteen (16) Studio units in 6,509 square feet of space on a 2,523 square foot parcel of land. The Property also offers 1,060 square feet of air rights. The building is separately metered for electricity which the tenants pay directly, and the landlord is responsible for gas fired heat and hot water and domestic water and sewer. The Property features five (5) “free market” residential units and eleven (11) “rent stabilized” units. The Property is situated in an incredible urban infill location in the East Harlem neighborhood of Manhattan. 170 E 104th Street is situated on the south side of E 104th Street between 3rd Avenue and Lexington Avenue. The Property enjoys convenient access to the MTA bus line, several subway stations, FDR Drive, Interstates 278 and 95, and the Third Avenue, Willis Avenue, and RFK Bridges. The Property is 0.4 miles from Central Park and 0.7 miles from Thomas Jefferson Park and enjoys convenient access to area amenities including countless restaurants, retailers, businesses, and service tenants. The Property is close to several area schools and is convenient to Columbia University, Hunter College, and Randalls Island, and just a short walk from popular neighborhoods including the Upper East Side and Upper West Side. The Property offers the rare opportunity to acquire sixteen (16) units in one of the country’s best performing real estate markets.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

16

PRICE/UNIT

$121,875

CAP RATE

6.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

170 E 104th Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,523 SF

ZONING

R7B

APN/PARCEL ID

1631-0046

ASK ABOUT THIS PROPERTY

Robert AaronHorvath & TremblayMore Info
212-951-1041

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Robert AaronHorvath & TremblayMore Info
212-951-1041

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.