4-Family Multifamily
New
For Sale
$1,699,000
175 E 117th Street New York, Manhattan, NY 10035
MULTI_FAMILY - Contemporary - New York (Manhattan), NY
Property Size3,870 SF
Lot Size0.04 Acres
Price / SF$439.02
Days on Market3
Property Features for 175 E 117th Street New York
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
9
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 5, Bathroom 2, Bathroom 5, Bedroom 6, Bedroom 1, Basement, Bathroom 4, Bathroom 7, Bathroom 6, Bedroom 9, Bathroom 3, Bedroom 2
Parking features
Offsite
Interior features
First Floor Full Bath
Basement
Walk-Out Access, Full
Elementary school
Ps 7 Samuel Stern
Middle school
Call Listing Agent
High school
Contact Agent
Elementary school district
Manhattan 4
Middle school district
Contact Agent
High school district
Contact Agent
Standard status
Active
APN
1645-0029
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6027
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Building Details
Year built
1900
Number of units
4
Building materials
Stone
Architectural style
Contemporary
Listing Agency:
Mitra Hakimi Realty Group LLC
(718) 268-5588
Listed By:
Etan Hakimi
(718) 268-5588
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 8:06PM
MLS# 1031769
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4-family, multi-level multifamily property is configured across four floors plus a full basement. The first-floor apartment includes a living room, a generously sized kitchen, multiple flexible-use rooms, two full bathrooms, and convenient storage. The second-floor unit features a living area, dining space, kitchen, an office, two bedrooms, and a full bathroom. The third- and fourth-floor apartments share the same layout, including three bedrooms, a living room, dining area, kitchen, and a full bathroom, supporting consistent design and adaptable tenancy.
The building is situated in East Harlem, with proximity to Thomas Jefferson Park, the Harlem River Greenway, the Museum of the City of New York, and dining along Lexington Avenue and nearby Restaurant Row. Public transportation is described as available via the 6 train at 116th Street, the 2 and 3 trains at 116th Street, and multiple MTA bus routes including the M101, M102, M103, M15, and M116.
The property is described as approximately 3,870 square feet and located in R7A zoning, with a stated FAR of 4.0 and approximately 7,668 buildable square feet.
The building is situated in East Harlem, with proximity to Thomas Jefferson Park, the Harlem River Greenway, the Museum of the City of New York, and dining along Lexington Avenue and nearby Restaurant Row. Public transportation is described as available via the 6 train at 116th Street, the 2 and 3 trains at 116th Street, and multiple MTA bus routes including the M101, M102, M103, M15, and M116.
The property is described as approximately 3,870 square feet and located in R7A zoning, with a stated FAR of 4.0 and approximately 7,668 buildable square feet.
Key Highlights
- 4‑family multi‑level property at 175 E 117th Street, East Harlem, with 4 floors plus a full basement
- Approximately 3,870 SF building size; R7A zoning with FAR of 4.0 for approximately 7,668 buildable SF
- First‑floor apartment has a living room, kitchen, multiple flexible‑use rooms, two full bathrooms, and storage
Financial Insights For Multifamily LT 5
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 | $197.4k | $51.00 |
| − Vacancy | −$10.3k | −$2.65 |
| EGI | $187.1k | $48.35 |
| − OpEx | −$56.1k | −$14.50 |
| NOI | $131.0k | $33.84 |
3,870 SF · lease $51.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.87M
$1.64M – $2.18M
NOI $130,975 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $121,082 @ 7.0% cap · market cap 7.13%
Theoretical Best
Specialty Retail
$9.63M
$8.43M – $11.24M
NOI $674,309 @ 7.0% cap · market cap 39.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,943
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments across four floors plus a full basement, located in R7A zoning with stated FAR of 4.0.
Where is this quadplex located?
The property is located at 175 E 117th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 4‑family multi‑level property at 175 E 117th Street, East Harlem, with 4 floors plus a full basement; Approximately 3,870 SF building size; R7A zoning with FAR of 4.0 for approximately 7,668 buildable SF; First‑floor apartment has a living room, kitchen, multiple flexible‑use rooms, two full bathrooms, and storage
