Updated 13 days ago
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East Harlem, Manhattan | Second Ave & First Ave
9,342 Square FeetMulti-Family

$2,395,000
floors / apts5 / 10
Lot Size30'x50'5"
ZoneR7X
Building TypeLow-Rise
RE Taxes$24,688
Price Per SF
$256

Building Amenities

  • Voice Intercom
  • Garden
  • Pool

Property Description

406 East 119th Street is a multi-family property in East Harlem in Manhattan, which enjoys a favorable property tax rate. Only six blocks away from the 116th Street subway station and the 6 train, the property is perfectly situated in a thriving residential community with plenty of upside for growth, particularly with the extension of the Second Avenue Subway station at 116th Street to be served by the Q train.

A community of historical and cultural interest, East Harlem residents are served by El Barrio Community Garden, Thomas Jefferson Park and swimming pool, classic eateries such as Rao’s and Patsy’s and cosy newcomers such as Yura’s Blue Plate, Las Delicias Mexicanas and La Shuk. Large stores Costco, Target and Aldi can be found in the nearby East River Mall. Just three subway stops from The Mount Sinai Hospital and three blocks from FDR Drive, 406 East 119th Street is easily accessible to I-278 and both LaGuardia and JFK Airports.

10 Railroad Flats 2BR each
Two ground Floor can be commercial
30×44 built on 30×50 lot zoned R7X
RR 168k
EXP 47k
NOI 121k

Listing History

Now
03/10/2022
$2,395,000
Initial Price by Nathaniel Smith
Oxford Property Group
2022

Building Details

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts5/10
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.42 miles
125 St
0.49 miles

Citi Bike

E 118 St & 1 Ave
0.07 miles
Pleasant Ave & E 120 St
0.13 miles

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: 78045TH