$5,000,000
Updated 11 years ago
Off Market

120 East 116th Street

East Harlem, Manhattan | Park Ave & Lexington Ave

12 Beds8 Baths9,735 Square FeetMixed Use

$5,000,000
floors / apts5 / 8
Lot Size25'x100'
Built Size25'x87'
ZoneR7-2
Building TypeTownhouse
Price Per SF
$514

Building Amenities

  • Voice Intercom

Property Description for 120 East 116th Street

> Note: 120 East 116th Street is only being offered as part of a portfolio with 1627 Park Avenue. > Total Portfolio price is $17M. > 120 East 116th Street is a five (5) story walk-up apartment building with one (1) ground floor commercial space. > The building has 8 residential apartments that consist of four (4) two bedroom apartments and four (4) one bedroom apartments. > All of the units are FREE MARKET rents and the building is in turn-key condition. > The building has undergone a significant renovation to each individual apartment, in addition to the commercial space. > The commercial space will be delivered vacant. > The lot size is 25 x 100 and the building dimensions are 25 x 87 with a total of 9,735sf. > The FAR is 3.44 and is built to its maximum. > It is located on the south side of 116th Street between Park and Lexington Avenue. > Half a block from the 6 subway and a major commercial corridor of East Harlem. > Perfect investment for a purchaser that wants to generate immediate income and does not want to do work to the property.

Building Details for 120 East 116th Street

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/8
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.05 miles
110 St
0.28 miles
116 St
0.43 miles
125 St
0.45 miles
110 St-Malcolm X Plaza
0.49 miles

Railroad

Harlem-125 StMetro-North Railroad
0.47 miles

Citi Bike

E 115 St & Lexington Ave
0.07 miles
E 115 St & Madison Ave
0.12 miles

Contact Agent

Contact Agent

Sang Kwon
Douglas Elliman

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: 31222TH