Six-Unit Brownstone
323 E 116TH St New York, NY 10029
323 E 116TH St, New York, NY, 10029
$2,450,000
For Sale
$2,450,000
Six updated residential apartments in a brownstone with on-site laundry and distinct outdoor space for select units.
Days on Market11
Property Features for 323 E 116TH St
General Information
- Standard status
- Active
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
(212) 381-2665
Listed by
Olga Zoria
(212) 381-2665
Source
Elliman
Added: Jul 13 Updated: Jul 22 at 9:18PM Checked: Jul 22 at 9:18PM
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 Olga Zoria
Investment Insights
Based on property information with market context.
This for-sale six-unit brownstone features updated residential apartments while preserving original architectural character. The property includes a first-floor duplex with a private backyard and a studio-style space, along with loft-like layouts that incorporate additional sleeping lofts or storage areas. The second-floor apartment has a spacious private terrace overlooking the landscaped backyard. Throughout, residences feature exposed brick, soaring ceilings, oversized windows, decorative fireplaces, original wood doors, floor-to-ceiling mirrors, hardwood floors, and detailed wood trim.
The building is located at 323 E 116th St, New York, NY 10029, with access to nearby transportation, restaurants, shopping, parks, and neighborhood amenities. WalkScore is listed as 96 (Walker’s Paradise), transitScore is listed as 100 (Rider’s Paradise), and bikeScore is listed as 82 (Very Bikeable).
Current gross residential rent income is approximately $197,800 annually, with additional income sources noted from the property. Several leases extend into 2027. The owner is obtaining an amended Certificate of Occupancy reflecting a conversion from four to six residential units. Delivery can be vacant or with income-producing leases in place. On-site laundry is included, providing additional income.
The building is located at 323 E 116th St, New York, NY 10029, with access to nearby transportation, restaurants, shopping, parks, and neighborhood amenities. WalkScore is listed as 96 (Walker’s Paradise), transitScore is listed as 100 (Rider’s Paradise), and bikeScore is listed as 82 (Very Bikeable).
Current gross residential rent income is approximately $197,800 annually, with additional income sources noted from the property. Several leases extend into 2027. The owner is obtaining an amended Certificate of Occupancy reflecting a conversion from four to six residential units. Delivery can be vacant or with income-producing leases in place. On-site laundry is included, providing additional income.
Key Highlights
- Six updated residential apartments in a brownstone built in 1910
- Annual gross income of approximately $197,800 from residential rents and additional income sources
- About a 6% capitalization rate based on current income and operating expenses
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FAQs
What type of property is this?
Apartment building - Six updated residential apartments in a brownstone with on-site laundry and distinct outdoor space for select units.
Where is this apartment building located?
The property is located at 323 E 116TH St New York, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Six updated residential apartments in a brownstone built in 1910; Annual gross income of approximately $197,800 from residential rents and additional income sources; About a 6% capitalization rate based on current income and operating expenses
