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171 E 111th St 8 Unit Apartment Building $1,600,000 ($200,000/Unit) New York, NY 10029
Executive Summary
Located in the heart of East Harlem, 171 E 111th Street presents a rare opportunity to acquire a well-positioned multifamily asset in one of Manhattan's most established and highly sought-after neighborhoods. This four-story building features eight residential units and benefits from strong neighborhood fundamentals, convenient transportation access, and continued demand for quality housing in Upper Manhattan.
The property is ideally situated near major subway lines, retail corridors, restaurants, parks, and employment centers, providing residents with exceptional accessibility throughout New York City. East Harlem continues to attract renters seeking the convenience of Manhattan living combined with a vibrant neighborhood atmosphere and proximity to some of the city's most iconic destinations.
With its prime location, stable residential use, and long-term ownership potential, 171 E 111th Street offers investors the opportunity to acquire a quality multifamily asset in a supply-constrained Manhattan market.
The property is ideally situated near major subway lines, retail corridors, restaurants, parks, and employment centers, providing residents with exceptional accessibility throughout New York City. East Harlem continues to attract renters seeking the convenience of Manhattan living combined with a vibrant neighborhood atmosphere and proximity to some of the city's most iconic destinations.
With its prime location, stable residential use, and long-term ownership potential, 171 E 111th Street offers investors the opportunity to acquire a quality multifamily asset in a supply-constrained Manhattan market.
Property Facts
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 8,624 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Mid-Rise | ||
| Zoning | R7A - The subject is within the R7A Residential district. | ||
| Price | $1,600,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,624 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | R7A - The subject is within the R7A Residential district. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $90,125 | |
| Land Assessment | $161,822 | Total Assessment | $251,947 |
Property Taxes
Parcel Numbers
Land Assessment
$161,822
Improvements Assessment
$90,125
Total Assessment
$251,947
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171 E 111th St