East Harlem Mixed-Use
For Sale
Contact for pricing
1674 Park Ave New York, Ny, NY 10035
Mixed-use building with commercial and residential units in Manhattan.
Property Size11,100 SF
Price / SF$436.94
Days on Market211
Property Features for 1674 Park Ave New York
General Information
Standard status
Active
Size
11,100 SF
Property subtype
Mixed Use, Multifamily, Retail
Listing Agency:
Maltz Auctions
(516) 349-7022
Listed By:
Richard Maltz · License #NY 10311204111
Source:
Crexi
Added: Jan 1
Changed: Jul 10
Last Checked: Jul 28 at 6:26PM
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 Maltz Auctions
Investment Insights
Based on property information with market context.
This mixed-use building is located at the corner of East 118th Street and Park Avenue in East Harlem, Manhattan. The 6-story building features an elevator and a total area of 11,100 square feet. It comprises 13 residential units totaling 8,875 square feet and 3 commercial units totaling 2,225 square feet. Two commercial units are on the ground level, and one is below grade, which is currently vacant and was previously used as a recording studio. The property is situated only 3 blocks from the 6 train. The zoning district is R8A with a C2-5 commercial overlay. The FAR as-built is 4.0. The current rent roll is over $425,000, with a projected annual rent roll of over $460,000.
Key Highlights
- High Current Rent Roll: $425,000+
- Mixed‑Use Building featuring 3 Commercial & 13 Residential Units
- Prime Location: Corner of East 118th Street and Park Avenue, East Harlem
Financial Insights For Mixed Use
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 | $666.0k | $60.00 |
| − Vacancy | −$99.9k | −$9.00 |
| EGI | $566.1k | $51.00 |
| − OpEx | −$212.3k | −$19.13 |
| NOI | $353.8k | $31.88 |
11,100 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$22.31M
$19.53M – $26.03M
NOI $1,562,042 @ 7.0% cap · market cap 32.21%
Second Best
Mixed Use
$5.05M
$4.42M – $5.90M
NOI $353,813 @ 7.0% cap · market cap 7.30%
Theoretical Best
Specialty Retail
$27.63M
$24.18M – $32.23M
NOI $1,934,064 @ 7.0% cap · market cap 39.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,504
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
Market
Properties on Market for Mixed-use properties in New York County
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with commercial and residential units in Manhattan.
Where is this mixed-use property located?
The property is located at 1674 Park Ave New York Ny, NY.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: High Current Rent Roll: $425,000+; Mixed‑Use Building featuring 3 Commercial & 13 Residential Units; Prime Location: Corner of East 118th Street and Park Avenue, East Harlem
