Newly Constructed Specialty
For Sale
Contact for pricing
423 E 117th St, New York, NY 10035
Newly built in 2015 with a continuing 421A tax abatement; tenants cover heat and hot water utilities.
Property SizeContact for details
Days on Market143
Property Features for 423 E 117th St
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
2015
Listing Agency:
Friedman Roth Realty Services LLC
(646) 794-1488
Listed By:
Richard Guarino · License #10301200289
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 3:18PM
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 Friedman Roth Realty Services LLC
Investment Insights
Based on property information with market context.
Newly constructed in 2015, this specialty commercial building participates in a 421A tax abatement with approximately 15 years remaining. The property is classified as 2B for tax purposes, and tenant expenses include their own utilities, including heat and hot water.
Convenient transit and retail are nearby, including a 10-minute walk to the 6 Train at the 116th Street–3rd Avenue Subway station. East River Plaza is one block away and includes twelve stores, including Target, Burlington Coat Factory, PetSmart, and Cosco.
The surrounding area also offers a concentration of dining options within walking distance.
Convenient transit and retail are nearby, including a 10-minute walk to the 6 Train at the 116th Street–3rd Avenue Subway station. East River Plaza is one block away and includes twelve stores, including Target, Burlington Coat Factory, PetSmart, and Cosco.
The surrounding area also offers a concentration of dining options within walking distance.
Key Highlights
- Newly constructed building completed in 2015
- In a continuing 421A tax abatement for another 15 years
- Building has a 2B tax classification
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,965
Businesses Nearby
Explore this area
Business Placement
Demographics for 10035, NY
35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Specialty property - Newly built in 2015 with a continuing 421A tax abatement; tenants cover heat and hot water utilities.
Where is this specialty property located?
The property is located at 423 E 117th St New York, NY.
What are key features of this property?
This property features: Newly constructed building completed in 2015; In a continuing 421A tax abatement for another 15 years; Building has a 2B tax classification
