Mixed-Use Building with Retail
New
For Sale
$1,949,000
122 E 116th St, New York, NY 10029
Five stories combine two commercial storefronts with eight rent-stabilized apartments in a pre-war brownstone.
Property Size9,685 SF
Days on Market2
Property Features for 122 E 116th St
General Information
Standard status
Active
Size
9,685 SF
Elevators
No
Property subtype
Commercial
Zoning
East Harlem Corridors special district
Net Operating Income
$173,749
Financials
Cap Rate
8.9%
Gross Income
$240,360
Site & Location
Neighborhood
Harlem
Public Transit
Yes
Mixed-Use Components
retail, residential
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$28,411
Building Details
Building Size
9,685 SF
Year Built
1910
Buildings
1
Stories
5
Units
10
Construction
brownstone
Tenancy
Multi
Listed By:
Robert J. Gellert SRES
(914) 215-4307
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 2:48PM
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 Robert J. Gellert SRES
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Investment Insights
Based on property information with market context.
At 122 East 116th Street, this five-story, ten-unit mixed-use property pairs two retail storefronts with eight apartments. The pre-war brownstone dates to 1910 and is configured as a walk-up; all residential units are rent stabilized. The property has a reported 8.9% capitalization rate.
The building is on the south side of East 116th Street, between Park and Lexington Avenues, within the East Harlem Corridors special district. Transit access includes the 6 train at 116th Street and Metro-North service at Harlem–125th Street. Thomas Jefferson Park and the East River Esplanade are also nearby.
The building is on the south side of East 116th Street, between Park and Lexington Avenues, within the East Harlem Corridors special district. Transit access includes the 6 train at 116th Street and Metro-North service at Harlem–125th Street. Thomas Jefferson Park and the East River Esplanade are also nearby.
Key Highlights
- Five‑story, ten‑unit mixed‑use building constructed in 1910
- Two retail storefronts and eight rent‑stabilized apartments
- Pre‑war brownstone walk‑up
Property Analytics
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Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,943
Businesses Nearby
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Business Placement
Demographics for 10029, NY
78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five stories combine two commercial storefronts with eight rent-stabilized apartments in a pre-war brownstone.
Where is this mixed-use property located?
The property is located at 122 E 116th St New York, NY.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: Five‑story, ten‑unit mixed‑use building constructed in 1910; Two retail storefronts and eight rent‑stabilized apartments; Pre‑war brownstone walk‑up
