334 E 106th St - Apartments FOR SALE


New York, NY 10029- East Harlem
$3,999,000 USD
646-780-9190
334 E 106th St, New York, NY for Sale
$3,999,000 USD
Apartments - FOR SALE
1/6
null | 5.38% Cap Rate

334 E 106th St
New York, NY 10029
East Harlem


HIGHLIGHTS

  • 4-story mixed-use property with 100% occupancy rate + air rights
  • Prime location with proximity to Central Park, Yorkville, and the heart of East Harlem’s cultural scene
  • Public transportation easily accessible

OVERVIEW

GREAT INVESTMENT OPPORTUNITY – BELOW MARKET VALUE WITH SIGNIFICANT RENTAL UPSIDE! MAKE IT YOURS TODAY Mixed-Use Property in One of NYC’s Most Culturally Vibrant & Rapidly Growing Neighborhoods Unlock the full potential of East Harlem with this fully occupied, income-generating 4-story mixed-use property, strategically positioned in one of Manhattan’s most exciting growth corridors. Located just minutes from Central Park, Yorkville, and major transit lines, this 1920-built asset blends timeless character with substantial income growth potential. Property Overview Address: 334 E. 106th St, New York, NY Total Size: 5,092 sq. ft. Lot Size: 2,523 sq. ft. Zoning: R7A with additional air rights for future development Configuration Ground-floor commercial retail (currently a barbershop and candy store) Six (6) 2-bedroom, 1-bath residential units above Occupancy: 100% – immediate, stable cash flow Why 334 E. 106th St is a Smart Investment Clear Rental Upside – Below Market Rents Current residential rents are in the low $2,000s per unit. Comparable 2-bedroom units in the area are achieving approximately $3,100 – $4,500/month, move-in ready This creates a substantial gap between in-place income and market potential, offering investors the opportunity to increase revenue over time and significantly improve returns Strong Rental Demand East Harlem continues to see consistent tenant demand driven by location, transit, and neighborhood growth 2-bedroom layouts remain highly desirable for both families and shared living Turnkey with Built-In Value Add Fully occupied = day-one income Opportunity to strategically reposition rents as leases turn over, without requiring major capital improvements Development Flexibility R7A zoning + air rights provide future expansion or redevelopment potential Neighborhood on the Rise Benefit from ongoing revitalization, new development, and increasing property values Location Highlights Steps to the 6 Train for seamless Midtown access Minutes from Central Park and Museum Mile Near El Museo del Barrio and the Museum of the City of New York Close to Yorkville’s dining, shopping, and nightlife Surrounded by new developments and major investment projects Bottom Line With current rents in the low $2,000s and market rents ranging from $3,100 to $4,500, this property offers a compelling value-add opportunity in a high-demand Manhattan submarket. Investors can benefit from immediate cash flow today and meaningful income growth over time. Don’t Miss This Opportunity East Harlem is transforming—secure your position now while a true rent upside opportunity still exists. Schedule a tour or request full financials today!

FOR SALE DETAILS

PRICE

$3,999,000 USD

PRICE/SF

$786 USD /SF

# OF UNITS

6

PRICE/UNIT

$666,500

CAP RATE

5.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,522 SF

ZONING

R7A

APN/PARCEL ID

1677-0037

ASK ABOUT THIS PROPERTY

Rachel DoppeltLa Rosa RealtyMore Info
646-780-9190

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Rachel DoppeltLa Rosa RealtyMore Info
646-780-9190

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