$8,500,000
Updated 10 years ago
Sold

204 East 110th Street

East Harlem, Manhattan | Third Ave & Second Ave

12,855 Square FeetIncome Property

$8,500,000
floors / apts6 / 10
Lot Size30'x100'9"
Built Size30'x100'
ZoneC1-5
Building TypeLow-Rise
RE Taxes$51,099
Price Per SF
$661

Outdoor space and views

  • Terrace

Building Amenities

  • Voice Intercom
  • Elevator
  • Laundry Room

Property Description for 204 East 110th Street

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 204 East 110th Street located between 2nd and 3rd Avenues. This unique investment opportunity is a newly built (6)-story elevatored mixed-use building totaling approximately 12,855 SF with an additional 2,313 BSF of air rights. The ground floor retail space is roughly 2,550 SF with 1,000 SF of unutilized storage space and is occupied by Coco Le Vu Candy Shop until November 2016. The (5) stories of residential space are comprised of (10) two-bedroom units, all of which have large balconies or terraces. Additionally, the units have separate boilers and are individually metered for heat and electric. The building has extra space on the first floor presently being used as a package drop off room as well as two offices and a bathroom in the basement. Future ownership will be able to enjoy immediate upside in the rents which are currently around 20% below market. 204 East 110th Street is located in the heart of the vibrant East Harlem community within walking distance of Central Park and the East River Plaza, Northern Manhattan’s premier shopping destination. Public transportation is easily accessible by the 6 subway line stop at East 110th Street and Lexington Avenue as well as multiple bus routes servicing the area. When complete, the 2nd Avenue Subway will transform East Harlem even further. East Harlem is a quickly expanding neighborhood with numerous new developments. These include East River Plaza’s 1,100 residential units, HAP’s 120,000 SF rental project and several other smaller developments.

Listing History for 204 East 110th Street

Now
07/11/2016
Sold and Closed by Lev Kimyagarov
Cushman & Wakefield
05/05/2016
$8,500,000
Initial Price by Lev Kimyagarov
Cushman & Wakefield

Building Details for 204 East 110th Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessElevator
Year Built2010
Floors/Apts6/10
Learn More About the Building

Transit and Citi Bike

Subway

110 St
0.12 miles
116 St
0.33 miles
103 St
0.34 miles

Citi Bike

3 Ave & E 109 St
0.05 miles
3 Ave & E 112 St
0.12 miles

Contact Agents

Contact Agents

Lev Kimyagarov
Cushman & Wakefield
Eric Roth
Cushman & Wakefield

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: 64477TH