East Harlem Mixed-Use
352 E 116th St New York, NY 10029
352 E 116th St, New York, NY, 10029
$1,800,000
For Sale
$1,800,000
Four-story mixed-use building in East Harlem with development potential.
Property Size3,885 SF
Lot Size0.04 Acres
Price / SF$463.32
Days on Market87
Property Features for 352 E 116th St
General Information
- Standard status
- Active
- Size
- 3,885 SF
- Lot size
- 0.04 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
YourHomeSold Guaranteed Realty
(914) 320-0962
Listed by
Nancy Valencia · License #10301207975
(914) 320-0962
Source
Elliman
Added: Apr 22 Checked: Jul 17 at 6:10 am
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
This four-story mixed-use building is located in East Harlem, between 1st and 2nd Avenues. The property includes a ground-floor retail unit with basement access and a private backyard, a one-bedroom/one-bathroom residential unit, and a two-bedroom duplex with one-and-a-half bathrooms. The building has approximately 3,885 gross square feet on an 18.33' x 90' lot. It is zoned R7B with approximately 1,064 square feet of available air rights, offering development potential. Renovated in 2018 and delivered with separate utilities, the property requires no tenant displacement. It is located near the 116th Street 6 train, with access to the FDR Drive and Metro-North, in a dynamic neighborhood. The location offers access to East Harlem's dining and retail corridor and proximity to Mount Sinai Hospital. The property has a bike score of 84, walk score of 96, and transit score of 100.
Key Highlights
- Income‑producing, four‑story mixed‑use building in East Harlem.
- Prime location between 1st and 2nd Avenues, steps from the 116th Street 6 train.
- Delivered with separate utilities and no tenant displacement, ensuring a seamless investment.
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 | $279.7k | $72.00 |
| − Vacancy | −$10.3k | −$2.66 |
| EGI | $269.4k | $69.34 |
| − OpEx | −$121.2k | −$31.20 |
| NOI | $148.2k | $38.13 |
3,885 SF · lease $72.00/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Retail
$10.66M
$9.33M – $12.44M
NOI $746,503 @ 7.0% cap · market cap 41.47%
Second Best
Mixed Use
$7.49M
$6.56M – $8.74M
NOI $524,475 @ 7.0% cap · market cap 29.14%
Theoretical Best
Specialty Retail
$13.86M
$12.13M – $16.17M
NOI $970,279 @ 7.0% cap · market cap 53.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Elite Investigations
Security Service
Ralph & Nash Deli ...
Food Market
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Four-story mixed-use building in East Harlem with development potential.
Where is this mixed-use property located?
The property is located at 352 E 116th St New York, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Income‑producing, four‑story mixed‑use building in East Harlem.; Prime location between 1st and 2nd Avenues, steps from the 116th Street 6 train.; Delivered with separate utilities and no tenant displacement, ensuring a seamless investment.
