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154 E 110th St 5,992 SF 100% Leased Retail Building New York, NY 10029 $3,000,000 ($500.67/SF) 6.16% Cap Rate
Investment Highlights
- Tax Class 2B
- Long Term Ownership Since 2005
- 4-Story Walkup | 8 Units & 1 Retail | 100% Free Market
Executive Summary
Built in 1910, 154 East 110th Street is a 4-story walkup apartment building that has 5,992 SF and includes 8 apartments (100% FM) & 1 store. Located between Lexington Avenue and 3rd Avenue, East Harlem is a vibrant neighborhood in Upper Manhattan renowned for its rich Hispanic culture, featuring a mix of tenement buildings, public housing complexes, and newer developments due to ongoing gentrification.
The Property benefits from a Tax Class 2B status which limits annual tax increases to 8% and a maximum increase of 30% over a five-year period.
The Property benefits from a Tax Class 2B status which limits annual tax increases to 8% and a maximum increase of 30% over a five-year period.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,992 SF
Building Class
C
Year Built
1910
Price
$3,000,000
Price Per SF
$500.67
Cap Rate
6.16%
NOI
$184,800
Percent Leased
100%
Building Height
4 Stories
Building FAR
2.40
Lot Size
0.06 AC
Zoning
R7-2, Manhattan (C7) - Medium-density apartment house district with lower parking requirements
Frontage
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 1637-0050 | Improvements Assessment | $197,307 |
| Land Assessment | $178,893 | Total Assessment | $376,200 |
Property Taxes
Parcel Number
1637-0050
Land Assessment
$178,893
Improvements Assessment
$197,307
Total Assessment
$376,200
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154 E 110th St
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