$3,795,000
Updated 5 years ago
Off Market

247 East 116th Street

East Harlem, Manhattan | Second Ave & Third Ave

14 Rooms6 Beds4 Baths4,952 Square FeetMixed Use

$3,795,000
floors / apts4 / 3
Lot Size20'x100'9"
Built Size20' wide
ZoneR7D
Building TypeTownhouse
RE Taxes$6,505
Price Per SF
$766

Listing Features

  • Original Details

Outdoor space and views

  • Terrace

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 247 East 116th Street

Amazing opportunity to own a huge mixed use brownstone on East 116th Street, ideally located near 2nd Avenue, where the Q train is being extended to.

Prime location for a restaurant, retail store or doctor’s office, currently housing a dental facility.

This beautiful 20'x100' townhouse offers 3 large free market apartments boasting original detail and pre-war charm.

Third floor residence enjoys a large outdoor terrace while the second floor home has 13 foot ceilings and a grand parlor.

The retail space is 1200 sq feet with a lovely garden at the back.

Great opportunity for investors (5% Cap Rate)

Please request a set up sheet for details.

The building can be delivered vacant or with current tenants (Please contact for additional information regarding current rent-roll and expenses).

Video Walkthrough


Listing History for 247 East 116th Street

Now
06/01/2021
TOM by Brandon Michaels
Nest Seekers International
04/19/2021
$3,795,000 [-$200,000] [5%]
Price Drop by Brandon Michaels
Nest Seekers International

Building Details for 247 East 116th Street

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.2 miles
110 St
0.36 miles
125 St
0.47 miles

Citi Bike

E 118 St & 3 Ave
0.13 miles
1 Ave & E 118 St
0.19 miles

Contact Agent

Contact Agent

Brandon Michaels
Nest Seekers International

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: 77294TH