$2,350,000
Updated 7 years ago
Off Market

323 East 116th Street

East Harlem, Manhattan | Third Ave & Second Ave

10 Rooms6 Beds6.5 Baths4,760 Square FeetIncome Property

$2,350,000
floors / apts4 / 6
Lot Size16'6"x101'
Built Size16'6"x48'
ZoneR7B
Building TypeTownhouse
RE Taxes$16,773
Price Per SF
$494

Listing Features

  • High Ceilings
  • Original Details

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Garden
  • Laundry Room

Property Description for 323 East 116th Street

HUGE PRICE DROP!Recently renovated and beautifully maintained investment property in East Harlem.

The 6-unit rental building contains units with classic pre-war details, along with exposed brick, double high ceilings, big windows, decorative fireplaces, wood floors, and detailed wood trim throughout the living rooms. All apartments are freshly renovated. Each unit is separately metered. Tenants will appreciate the laundry room and storage space located in the basement.

Building dimensions are 17X70 according to the Property Shark, plus a backyard.

The building itself makes a great impression on tenants and guests alike with a restored lobby and details including all-new staircases.

The first-floor apartment, located on the ground floor and cellar, features a spacious artistically decorated one bedroom, 1.5 baths with a tastefully renovated eat-in kitchen. There is an attached 600 square ft. studio in the cellar's level, making it ideal for an artist-owner or any live/work arrangement. The apartment also has a private entrance and private access to a backyard.

The second floor features a one bedroom open layout with a large, naturally lit, and a fully equipped kitchen and an enormous deck overlooking the garden. The apartment shines for its bay windows, hardwood floors, double height ceilings, mahogany door, window frames and a beautiful decorative fireplace.

Four cosy studio apartments in total make up the top two floors. Private sleeping lofts, exposed brick, decorative fireplaces and charming wooden panels throughout make these highly attractive commodities for today's discerning market.

This property is the perfect opportunity to take an advantage of the exploding Harlem market. Shops, restaurants, stores, and banks around the booming 116th Street corridor, as well as the upcoming Q train subway entrance, are all just two blocks away.

Will be delivered vacant.

Listing History for 323 East 116th Street

Now
11/11/2019
TOM by Olga Zoria
Brown Harris Stevens Residential Sales LLC
07/12/2019
Back on the Market by Olga Zoria
Brown Harris Stevens Residential Sales LLC

Building Details for 323 East 116th Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.27 miles
110 St
0.4 miles

Citi Bike

1 Ave & E 118 St
0.14 miles
E 114 St & 1 Ave
0.16 miles

Contact Agents

Contact Agents

Olga Zoria
Brown Harris Stevens
Kimberly Hastie
Brown Harris Stevens

East Harlem | Manhattan

Quick Profile

Take a stroll through East Harlem and you’ll find a vibrant, culturally diverse neighborhood, which is evident no matter which direction you look. East Harlem is also known as Spanish Harlem, El Barrio, and “The Neighborhood,” as it is home to a population that represents Hispanic immigrants, primarily from Puerto Rico, as well as from Mexico, Cuba, and the Dominican Republic. These immigrants brought their cultures with them, in the form of music, dance, art, and food. During the day, you’ll find the neighborhood filled with opportunities to experience Latin culture. Both the salsa dance craze and the graffiti style of art were born right in East Harlem. There are many great places to sample authentic cuisine, from Rao’s (where you cannot get a table unless you inherit one, and any reservations must be booked years in advance) to sidewalk carts, where you can get the best “street meat” to be had in NYC.

In East Harlem you’ll find a number of innovative educational opportunities in the form of specialized and charter schools that are considered top-notch. Many of these have very competitive admissions criteria and offer curricula that focus on creativity and social awareness. Such schools are a draw for young families that want to raise their children in an educational system that goes above and beyond the standard.

The vibe of East Harlem is one of community and neighbors that interact with each other routinely. There are many small, family-owned and -operated businesses and restaurants that have been neighborhood anchors for years. As you stroll through East Harlem, you will be immersed in sights, sounds and flavors that are straight from Latin American or the Caribbean islands, sometimes both at once. You can sample Puerto Rican-inspired plantain mofongo, which is mashed plantains with garlic and pork rinds, from local sidewalk carts. Or if it is a hot summer’s day, you might enjoy a Mexican-inspired licuado, which is a blended drink similar to a smoothie, made with milk, fruit, and ice. Sometimes, spices, citrus juices, and sugar are added. Although you will find an abundance of authentic cuisine and music no matter where you look in East Harlem.

Prefer to cook at home? East River Plaza offers Target, Costco, and Aldi stores, all of which offer fresh food at reasonable prices.

East Harlem housing consists of more affordable walk-ups, low-rise pre-war buildings, brownstones, and is dominated housing complexes. You can find some comparatively large apartments at reasonable price points, and even some rent-stabilized apartments. Luxury co-op and condo units are being built on the southern boundary of East Harlem. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 24355TH