Significant New Developments: 116th Subway Station - 200 feet from subject property is in the process of being constructed. All Funding is Allocated. Price is negotiable. This is a "Classic" 4 Story Mixed-Use Property located in transforming corridor of East Harlem in Manhattan. Property is well maintained and currently current configuration: Three One Bedroom Residential Units and One Commercial Office Unit . Private Patio Potential to be delivered vacant. Rents are below market. MTA Bus and Subway service right on 116th street. Property is located between Second and Third Ave. There are no rent controls or rent stabilized units. Area has many surrounding Mixed-Use and Residential Units that are currently under construction or recently completed. See Executive Summary Can be converted to Residential Single-Family Townhouse or all Residential apartment units. Taxes are currently $9,146. Zoning: R7D, C1-5,EHC