Mixed-Use Retail and Residential
100 E 116th St New York, NY 10029
100 E 116th St, New York, NY, 10029
Contact for pricing
For Sale
Contact for pricing
Mixed-use building with four street-level storefronts and two vacant upper floors, including a built-out bar with basement space.
Property Size6,200 SF
Lot Size0.06 Acres
Price / SF$790.32
Days on Market165
Property Features for 100 E 116th St
General Information
- Standard status
- Active
- Size
- 6,200 SF
- Lot size
- 0.06 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1910
Listing agency
Met Business Capital
Listed by
Louis Posner · License #35PO1180533
Source
Crexi
Added: Feb 7 Updated: Jul 22 at 1:58PM Checked: Jul 22 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Met Business Capital
Investment Insights
Based on property information with market context.
This mixed-use building is a masonry, 3-story structure with retail use at street level and two upper floors currently vacant. The ground level includes four storefront spaces; one is fully built out as a bar with basement and sub-basement. The upper two floors are vacant, and there is no internal access to these areas.
The exterior staircase permit has already been obtained, providing a path for connecting access from the street level to the upper floors. The property includes frontage of approximately 18 feet on E 116th St and approximately 80 feet on Park Ave. The site is a corner lot.
The building supports modified gross service type and has no elevators. Constructed in 1910, it is classified as a Class C building with an indicated building height of 46 feet. Smallest retail space and maximum contiguous retail space are both listed at 1,800 SF, with one retail space available.
The exterior staircase permit has already been obtained, providing a path for connecting access from the street level to the upper floors. The property includes frontage of approximately 18 feet on E 116th St and approximately 80 feet on Park Ave. The site is a corner lot.
The building supports modified gross service type and has no elevators. Constructed in 1910, it is classified as a Class C building with an indicated building height of 46 feet. Smallest retail space and maximum contiguous retail space are both listed at 1,800 SF, with one retail space available.
Key Highlights
- Mixed‑use building with four street‑level storefronts and two vacant upper floors for future build‑out or redevelopment
- Built‑out bar on the ground floor includes basement and sub‑basement space
- Urban GLA 1,800 SF; 3 stories; masonry construction; built in 1910; no elevators
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $446.4k | $72.00 |
| − Vacancy | −$16.5k | −$2.66 |
| EGI | $429.9k | $69.34 |
| − OpEx | −$193.4k | −$31.20 |
| NOI | $236.4k | $38.13 |
6,200 SF · lease $72.00/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$22.12M
$19.36M – $25.81M
NOI $1,548,450 @ 7.0% cap · market cap 31.60%
Second Best
Retail
$17.02M
$14.89M – $19.86M
NOI $1,191,330 @ 7.0% cap · market cap 24.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Abyssinia Deli & Grocery
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with four street-level storefronts and two vacant upper floors, including a built-out bar with basement space.
Where is this mixed-use property located?
The property is located at 100 E 116th St New York, NY.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Mixed‑use building with four street‑level storefronts and two vacant upper floors for future build‑out or redevelopment; Built‑out bar on the ground floor includes basement and sub‑basement space; Urban GLA 1,800 SF; 3 stories; masonry construction; built in 1910; no elevators
