9-Unit Brownstone with
For Sale
Contact for pricing
324 E 116th St, New York, NY 10029
Renovated brownstone converted to nine apartments plus a retail store, with ductless heating and cooling in every room.
Property SizeContact for details
Days on Market125
Property Features for 324 E 116th St
General Information
Standard status
Active
Property subtype
Mixed Use
Listing Agency:
Capri Jet Realty Corp
(718) 388-2188
Listed By:
Theo Eastwind · License #NY 10301212398
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 2:24PM
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 Capri Jet Realty Corp
Investment Insights
Based on property information with market context.
Renovated brownstone building originally configured as a 3-family property and converted into nine apartments plus a retail store. The building features restored original expanded brownstone windows, loft-like ceiling heights, and in-unit amenities including stainless steel appliances with granite countertops, dishwashers in every unit, and deep soaking tubs. Mechanical and systems updates include a brand-new intercom system and brand-new ductless heating/cooling units in every room.
Unit mix includes one 2BR/2BTH duplex (Unit 1A), two 3BR/3BTH layouts (Units 2 and 3), and six 1BR/1BTH layouts (Units 4A, 4B, 5A, 5B, 6A, and 6B). The retail store has a lease expiring in 2027 and includes a half bath.
The owner is responsible for their own utilities except water. Units 1A, 2, and 3 are vacant until December 2022. Lot measures 20 x 100.92 feet, and the building measures 20 x 53 feet. Zoning is R7B, with FAR of 1.54 (max FAR 3).
Unit mix includes one 2BR/2BTH duplex (Unit 1A), two 3BR/3BTH layouts (Units 2 and 3), and six 1BR/1BTH layouts (Units 4A, 4B, 5A, 5B, 6A, and 6B). The retail store has a lease expiring in 2027 and includes a half bath.
The owner is responsible for their own utilities except water. Units 1A, 2, and 3 are vacant until December 2022. Lot measures 20 x 100.92 feet, and the building measures 20 x 53 feet. Zoning is R7B, with FAR of 1.54 (max FAR 3).
Key Highlights
- Renovated brownstone in East Harlem converted from a 3‑family to 9 apartments plus a retail store
- 6.87% CAP rate reported for the building
- Brand‑new ductless heating/cooling units in every room, plus a brand‑new intercom system
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 10029, NY
78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
Market
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?
Apartment building - Renovated brownstone converted to nine apartments plus a retail store, with ductless heating and cooling in every room.
Where is this apartment building located?
The property is located at 324 E 116th St New York, NY.
What are key features of this property?
This property features: Renovated brownstone in East Harlem converted from a 3‑family to 9 apartments plus a retail store; 6.87% CAP rate reported for the building; Brand‑new ductless heating/cooling units in every room, plus a brand‑new intercom system
