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239 East 116Th St New York, NY 10029

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For Sale
$1,679,000

Four-story mixed-use property in East Harlem with conversion potential.

Property Features for 239 East 116Th St

General Information

Property type
Commercial
Standard status
Active

Building Details

Year built
1910

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Listing Contact
Richard A. Diller
Source: Elliman

Listing Agency: Charles Rutenberg Realty, Inc. Listing Agent: Richard A. Diller

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

East Harlem Mixed-Use Property

This four-story mixed-use property is located in the transforming corridor of East Harlem in Manhattan. The property is well-maintained and configured with 3 one-bedroom, one-bath units and 1 commercial office unit. The commercial unit is currently vacant, and all other units are short-term leases with excellent tenants. Rents are below market value. MTA bus and subway service are available on 116th Street. The property is located between Second and Third Avenue. There are no rent controls or rent-stabilized units. The property can be converted to a residential single-family townhouse or all residential apartment units. The current taxes are $9,146. The zoning is R7D, C1-5, EHC.
Location Intelligence

Current Use by Public Records

La savane d’Afrique Restaurant Mauro Brothers Real ... Real Estate Agency

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
New York
County
New York
State
New York
Longitude
-73.9383721
Latitude
40.7974222

FAQs

What type of property is this?
Mixed-use property - Four-story mixed-use property in East Harlem with conversion potential.
Where is this mixed-use property located?
The property is located at 239 East 116Th St New York, NY.
What is the asking price?
The asking price for this property is $1,679,000.
What are key features of this property?
This property features: - Mixed-use property in a transforming East Harlem corridor; - Potential for conversion to a single-family townhouse or all residential units; - No rent control or rent stabilization
More about this property
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