Two-Unit Duplex
334 E 116TH Street, New York City, NY 10029
For Sale
$2,450,000
Two residences occupy separate vertical sections, with a private garden serving the lower home and a roof deck above.
Property Size3,984 SF
Price / SF$614.96
Days on Market183
Property Features for 334 E 116TH Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private rear garden
roof deck
Juliet balconies
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Leslie J Garfield & Co Inc
Listed By:
Matthew S Lesser · License #10301217047
(212) 371-8200
Source:
Irynaferenets
Added: May 11
Changed: Nov 7
Last Checked: Nov 8 at 12:02PM
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 Leslie J Garfield & Co Inc
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Investment Insights
Based on property information with market context.
This 1901 townhouse contains approximately 3,984 square feet across two residences: a garden triplex and an upper duplex. The lower residence includes a finished basement and is arranged with 3–4 bedrooms, 3 full bathrooms, and 2 powder rooms. Its renovated kitchen opens onto a private rear garden. The upper residence spans the third and fourth floors, with four bedrooms, 3.5 bathrooms, north and south exposures, and two Juliet balconies. A private roof deck sits above the upper duplex.
The building is 16.5 feet wide and has 1,346 square feet of unused FAR, subject to Department of Buildings approval. The property is on East 116th Street in East Harlem, New York City.
The building is 16.5 feet wide and has 1,346 square feet of unused FAR, subject to Department of Buildings approval. The property is on East 116th Street in East Harlem, New York City.
Key Highlights
- Approximately 3,984 square feet in a garden triplex and an upper duplex
- 16.5‑foot‑wide townhouse built in 1901
- Garden triplex has 3–4 bedrooms, 3 full baths, 2 powder rooms, and a finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,506
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,270,120
$3.3M
Cap Rate 7%
$2,335,800
$2.3M
Cap Rate 9%
$1,816,733
$1.8M
Market Conditions
NOI Build-Up for 3,984 SF
Gross rent
$243.8K $61.20/SF
− Vacancy
−$10.2K −$2.57/SF
EGI
$233.6K $58.63/SF
− OpEx
−$70.1K −$17.59/SF
NOI
$163.5K $41.04/SF
Area
ZIP 10029
Vacancy
4.20%
Lease Rate
$61.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,270,120
Cap Rate 7%
$2,335,800
Cap Rate 9%
$1,816,733
Alternative Uses
Best Use
Multifamily LT 5
$2.34M
$2.04M – $2.73M
NOI $163,506 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$2.17M
$1.90M – $2.53M
NOI $151,929 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $194,971 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,138
Businesses Nearby
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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
$818,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New York County, NY
Properties on Market for Duplexes in New York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences occupy separate vertical sections, with a private garden serving the lower home and a roof deck above.
Where is this duplex located?
The property is located at 334 E 116TH Street New York City, 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: Approximately 3,984 square feet in a garden triplex and an upper duplex; 16.5‑foot‑wide townhouse built in 1901; Garden triplex has 3–4 bedrooms, 3 full baths, 2 powder rooms, and a finished basement
