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Listing Courtesy of Corcoran Group
$3,200,000
Est. payment /mo
2 Beds
1 Bath
1,000 SqFt
UPDATED:
Key Details
Property Type Single Family, Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $3,200
Subdivision East Harlem
MLS Listing ID RLS20072733
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1960
Annual Tax Amount $12,168
Property Sub-Type Mixed Use
Property Description
Discover a compelling mixed-use building in the heart of dynamic East Harlem (El Barrio), where cultural richness meets explosive growth and unbeatable convenience. This property features a high-visibility ground-floor retail unit-ideal for a boutique, café, or essential service capturing heavy foot traffic-paired with three spacious two bedroom residential apartments above, offering strong rental income potential in one of Manhattan's most sought-after up-and-coming neighborhoods.
Key Highlights:
Diversified Income Stream: Retail space with excellent street frontage on bustling 2nd Avenue + 3 residential units (all 2-bedrooms with same layout, many with natural light and classic pre-war details). Prime Location: Steps from the 116th Street 6 train station, East River Plaza shopping (Target, Costco, Aldi), Thomas Jefferson Park, and iconic local spots like Patsy's Pizzeria and Rao's. Easy access to the Upper East Side, Central Park, and the forthcoming Second Avenue Subway extension. Neighborhood Momentum: East Harlem's renaissance brings new developments, world-class dining (from taquerías to fine Italian), art murals, and a vibrant community-perfect for tenants seeking authentic NYC energy with modern appeal. Value-Add Potential: Opportunity to update units for higher rents or convert for condo potential in a market with low vacancy and rising demand. This turnkey investment delivers stable cash flow today with significant upside tomorrow. Ideal for savvy owners or investors looking to capitalize on East Harlem's transformation into Manhattan's next hotspot.
Contact for financials, rent roll, and private showing. Serious inquiries only-this one won't last.
Key Highlights:
Diversified Income Stream: Retail space with excellent street frontage on bustling 2nd Avenue + 3 residential units (all 2-bedrooms with same layout, many with natural light and classic pre-war details). Prime Location: Steps from the 116th Street 6 train station, East River Plaza shopping (Target, Costco, Aldi), Thomas Jefferson Park, and iconic local spots like Patsy's Pizzeria and Rao's. Easy access to the Upper East Side, Central Park, and the forthcoming Second Avenue Subway extension. Neighborhood Momentum: East Harlem's renaissance brings new developments, world-class dining (from taquerías to fine Italian), art murals, and a vibrant community-perfect for tenants seeking authentic NYC energy with modern appeal. Value-Add Potential: Opportunity to update units for higher rents or convert for condo potential in a market with low vacancy and rising demand. This turnkey investment delivers stable cash flow today with significant upside tomorrow. Ideal for savvy owners or investors looking to capitalize on East Harlem's transformation into Manhattan's next hotspot.
Contact for financials, rent roll, and private showing. Serious inquiries only-this one won't last.
Location
State NY
County New York
Rooms
Basement Other
Interior
Interior Features Smoke Free
Fireplace No
Laundry In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Mixed Use
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 1666-0021
Ownership None
Monthly Total Fees $1, 014
Special Listing Condition Standard
Pets Allowed Building Yes, No
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716