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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



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 | Apartment Style | Mid-Rise |
| Price Per Unit | $165,766 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.99% | Building Size | 6,509 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | R7B | ||
| 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 |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 1631-0046 | Improvements Assessment | $758,334 CAD |
| Land Assessment | $36,153 CAD | Total Assessment | $794,487 CAD |
PROPERTY TAXES
Parcel Number
1631-0046
Land Assessment
$36,153 CAD
Improvements Assessment
$758,334 CAD
Total Assessment
$794,487 CAD
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170 E 104th Street | 170 E 104th St
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