151 116Th St New York, NY 10029
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Prime Retail, Residential, Value-Add
Property size:
4,500 SFProperty Features for 151 116Th St
General Information
- Property type
- Individual retail properties
- Square Feet
- 4,500 SF
Building Details
- Units
- 4
Listing Agency: Brax Realty Group LLC Listing Agent: Alan Stenson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This four-story, 4,500 square foot mixed-use building in East Harlem, New York, presents a compelling investment opportunity. The property features ground floor retail space with a basement, a second-floor commercial unit open to the ground floor, and two upper-floor residential units. Located just 75 feet from the 6 train (Green Line) at 116th Street and Lexington Avenue, it benefits from high pedestrian traffic and strong retail co-tenancy, including Dunkin'/Baskin-Robbins, Domino's, Wings Plus, Burger King, and Popular Bank. The double-height glass storefront maximizes signage visibility. The asking price is $2,350,000, with a pro-forma NOI of $179,223 and a 7.63% pro-forma cap rate. The property is zoned R9, C2-5 and includes approximately 5,834 square feet of air rights, offering significant potential for future development or expansion. This is an ideal opportunity for an owner-user or value-add investor seeking a prime location in a thriving East Harlem retail corridor. The building sits on a 1,360 square foot lot. This unique property offers a blend of retail, commercial, and residential uses, making it a versatile and attractive investment.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Rubio Record Dstrbtng
(Bike/Boat/Book/etc) Store
OverSeas Courier Company
Courier Service
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.941231367575
- Latitude
- 40.798564812008
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FAQs
What type of property is this?
Individual retail property - Prime Retail, Residential, Value-Add
Where is this individual retail property located?
The property is located at 151 116Th St New York, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: $2,350,000 asking price for a 4,500 square foot mixed-use building.; Four-story building with ground floor retail (including basement), second-floor commercial space, and two upper residential units.; Excellent location, 75 feet from the 6 train (Green Line) at 116th Street & Lexington Avenue.
