Share This Listing

Message

933 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Classic Mixed-Use Brownstone 239 E 116th St 4 Unit Apartment Building $2,343,750 CAD ($585,937 CAD/Unit) 5.21% Cap Rate New York, NY 10029

Save this listing!

Favourite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

This is a "Classic" 4-Story Mixed Use Property that has been well maintained. There are 3 One Bedroom 1 Bath Units and 1 Commercial/Office Unit. Property is located between 2nd and 3rd Avenue in transforming East Harlem. The property can be converted to a Single Family Townhouse or 4 Residential Units. Commercial Unit is currently vacant and all other tenants have short term leases. Excellent Pedestrian and Vehicle exposure. Building Size is 3,060 sq. feet.
Residential FAR: 4.2 Facility FAR: 4.2
Unused FAR: 4063 sq. ft.
Call Richard Diller for Details as to Income and Expenses at 516-639-0021 Pricing is Negotiable

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $159,972 $52.28
Taxes $12,767 $4.17
Operating Expenses $24,987 $8.17
Total Expenses $37,754 $12.34
Net Operating Income $122,218 $39.94

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $159,972
Annual Per SF $52.28
Taxes (CAD)
Annual $12,767
Annual Per SF $4.17
Operating Expenses (CAD)
Annual $24,987
Annual Per SF $8.17
Total Expenses (CAD)
Annual $37,754
Annual Per SF $12.34
Net Operating Income (CAD)
Annual $122,218
Annual Per SF $39.94

PROPERTY FACTS

Price $2,343,750 CAD
Price Per Unit $585,937 CAD
Sale Type Investment
Cap Rate 5.21%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Apartment Style Townhome
Lot Size 0.04 AC
Building Size 3,060 SF
Average Occupancy 75%
No. Stories 4
Year Built 1910
Zoning R7D - Zoning District: R7D, C1-5, EHC Unused FAR: 4,063 sq. ft

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 - 600
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
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
1666-0116
Land Assessment
$31,195 CAD
Improvements Assessment
$266,534 CAD
Total Assessment
$297,729 CAD
Annual Taxes
$12,767 CAD ($4.17 CAD/SF)
Tax Year
2025
  • Listing ID: 36631207

  • Date on Market: 2025-07-07

  • Last Updated:

  • Address: 239 E 116th St, New York, NY 10029

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}