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172 E 112th St
New York, NY 10029
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Highly walkable East Harlem location surrounded by dense residential blocks
- Strong neighborhood retail and community-service presence
- Close access to the 6 subway line and multiple bus routes
Executive Summary
Investment Opportunity - East Harlem Mixed-Use Walk-Up
Price: $4,950,000
This 5-story mixed-use building at 172 East 112th Street offers a rare combination of stable cash flow and significant upside potential in East Harlem. The property consists of 18 one-bedroom apartments and 2 street-level retail stores, totaling 20 income-producing units.
Key Features:
18 one-bedroom apartments: 17 are rent-stabilized; 1 rent-controlled apartment is currently vacant, providing immediate upside potential
2 retail stores: both market-rate (not stabilized), generating strong potential income; one currently vacant, projected at $2,900/month
Utilities: most apartments have separate meters; retail tenants pay their own electric
Well-maintained building systems: boiler 2-3 years old
Investment Highlights:
Current NOI: $230,000; stabilized NOI with vacant units leased: $288,800
Asking price reflects a 5.8% cap rate on stabilized income, providing room for investor upside
Ideal for investors seeking a turnkey mixed-use Manhattan asset with immediate cash flow and growth potential
Price: $4,950,000
This 5-story mixed-use building at 172 East 112th Street offers a rare combination of stable cash flow and significant upside potential in East Harlem. The property consists of 18 one-bedroom apartments and 2 street-level retail stores, totaling 20 income-producing units.
Key Features:
18 one-bedroom apartments: 17 are rent-stabilized; 1 rent-controlled apartment is currently vacant, providing immediate upside potential
2 retail stores: both market-rate (not stabilized), generating strong potential income; one currently vacant, projected at $2,900/month
Utilities: most apartments have separate meters; retail tenants pay their own electric
Well-maintained building systems: boiler 2-3 years old
Investment Highlights:
Current NOI: $230,000; stabilized NOI with vacant units leased: $288,800
Asking price reflects a 5.8% cap rate on stabilized income, providing room for investor upside
Ideal for investors seeking a turnkey mixed-use Manhattan asset with immediate cash flow and growth potential
Property Facts
| Price Per Unit | $303,187 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.52% | Lot Size | 0.06 AC |
| No. Units | 20 | Building Size | 14,000 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | R7A - Commercial district predominantly residential in character | ||
| Price Per Unit | $303,187 CAD |
| Sale Type | Investment |
| Cap Rate | 6.52% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 14,000 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Zoning | R7A - Commercial district predominantly residential in character |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 650 |
Property Taxes
| Parcel Number | 1639-0042 | Improvements Assessment | $824,518 CAD |
| Land Assessment | $35,109 CAD | Total Assessment | $859,628 CAD |
Property Taxes
Parcel Number
1639-0042
Land Assessment
$35,109 CAD
Improvements Assessment
$824,518 CAD
Total Assessment
$859,628 CAD
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