Mixed-Use Brick Building with
303 W 116th Street New York Manhattan, NY 10026
303 W 116th Street New York, Manhattan, NY, 10026
$2,888,000
For Sale
$2,888,000
Five-story brick building with ground-floor retail and four full-floor residential apartments, plus a basement with direct backyard access.
Property Size6,590 SF
Lot Size0.05 Acres
Price / SF$438.24
Days on Market303
Property Features for 303 W 116th Street New York
General Information
- Standard status
- Active
- Size
- 6,590 SF
- Lot size
- 0.05 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing agency
RE/MAX Distinguished Hms.&Prop
(816) 812-6240
Listed by
Ayleen Aybar · License #1040129216
(816) 812-6240
Source
Cohenandcohenrealty
Added: Sep 24, 2025 Updated: Jul 22 at 8:09PM Checked: Jul 23 at 6:56AM
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 RE/MAX Distinguished Hms.&Prop
Investment Insights
Based on property information with market context.
Located at 303 W 116th Street in Manhattan, this classic five-story brick mixed-use building combines a ground-floor retail space with four full-floor residential apartments above. The property includes architectural and interior character such as hardwood floors and high ceilings. A full basement provides direct access to the backyard, offering practical options for storage and additional use. All units are delivered vacant, with a stated possibility to reconfigure the top floors or complete renovations.
The building is built on an approximate 20' x 100.92' lot with an approximate 20' x 63' building footprint. The listing notes strong transit accessibility, with steps to the B/C trains and close access to the 2/3 lines, as well as proximity to Columbia University and Morningside Park.
Zoning is described as R7A/R8A with a C1-4 commercial overlay, and a rent roll is available upon request.
The building is built on an approximate 20' x 100.92' lot with an approximate 20' x 63' building footprint. The listing notes strong transit accessibility, with steps to the B/C trains and close access to the 2/3 lines, as well as proximity to Columbia University and Morningside Park.
Zoning is described as R7A/R8A with a C1-4 commercial overlay, and a rent roll is available upon request.
Key Highlights
- 5‑story brick mixed‑use building (1910) with 6,590+ SF total space: ground‑floor retail plus four full‑floor residential apartments
- Ground‑floor retail space formerly home to LoLo's Seafood Shack, with strong on‑site foot‑traffic from a highly visible Harlem corridor
- Full basement with direct access to the backyard, offering added space for storage, expansion, or other uses
Local 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 | $336.1k | $51.00 |
| − Vacancy | −$17.5k | −$2.65 |
| EGI | $318.6k | $48.35 |
| − OpEx | −$95.6k | −$14.50 |
| NOI | $223.0k | $33.84 |
6,590 SF · lease $51.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$13.25M
$11.59M – $15.46M
NOI $927,375 @ 7.0% cap · market cap 32.11%
Second Best
Multifamily LT 5
$3.19M
$2.79M – $3.72M
NOI $223,029 @ 7.0% cap · market cap 7.72%
Theoretical Best
Specialty Retail
$16.40M
$14.35M – $19.14M
NOI $1,148,242 @ 7.0% cap · market cap 39.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Five-story brick building with ground-floor retail and four full-floor residential apartments, plus a basement with direct backyard access.
Where is this quadplex located?
The property is located at 303 W 116th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $2,888,000.
What are key features of this property?
This property features: 5‑story brick mixed‑use building (1910) with 6,590+ SF total space: ground‑floor retail plus four full‑floor residential apartments; Ground‑floor retail space formerly home to LoLo's Seafood Shack, with strong on‑site foot‑traffic from a highly visible Harlem corridor; Full basement with direct access to the backyard, offering added space for storage, expansion, or other uses
