135 E 110th St 18 Unit Apartment Building $8,700,000 ($483,333/Unit) 7.16% Cap Rate New York, NY 10029

135 East 110th
Executive Summary
Berkshire Hathaway NY Properties has been exclusively retained to arrange for the sale of 135 East 110th Street, a 5 story mixed use building located on the Upper East Side of Manhattan in the East Harlem neighborhood.
***This building is currently and legally licensed to operate as a Hotel/ VRBO by New York City***
Situated 2 blocks from Central Park between Park and Lexington Avenues, 135 East 110th presents a unique investment opportunity showing high income and various options for consideration.
In addition to the fact that none of the 18 units of the property are either rent controlled or rent stabilized
the property’s unique Certificate of Occupancy designates :
2 retail stores on ground level,
Lodging house class B sleeping rooms on floors 1 thru 3 short term rental units ) and
Class A residential units on floors 3 thru 5 that can be rented out for not less than 30 days.
This allows the building to offer short term rentals through VRBO or other short term opportunities which maximizes income producing in excess of $60 psf annually.
The building is well maintained and in excellent condition.
Of the two commercial units, one can be delivered vacant and the other has a lease that ends in March 2027 with a preference to renew lease and to also expand into vacant ground floor space