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170 E 104th Street 170 E 104th St 16 Unit Apartment Building $2,652,248 CAD ($165,766 CAD/Unit) 6.99% Cap Rate New York, NY 10029

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Price $2,652,248 CAD
Price Per Unit $165,766 CAD
Sale Type Investment
Cap Rate 6.99%
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.06 AC
Building Size 6,509 SF
Average Occupancy 100%
No. Stories 4
Year Built 1910
Zoning R7B

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 16 - 480
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1631-0046
Land Assessment
$36,153 CAD
Improvements Assessment
$758,334 CAD
Total Assessment
$794,487 CAD
  • Listing ID: 38187592

  • Date on Market: 2025-10-23

  • Last Updated:

  • Address: 170 E 104th St, New York, NY 10029

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