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239 E 116th St 4 Unit Apartment Building $1,659,000 ($414,750/Unit) New York, NY 10029
Investment Highlights
- Classic Brownstone
Executive Summary
This is a "Classic" 4 Story Mixed-Use Property located in transforming corridor of East Harlem in Manhattan. Property is well maintained and currently current configuration:
Three One Bedroom Residential Units and One Commercial Office Unit . Private Patio
Potential to be delivered vacant. Rents are below market. MTA Bus and Subway service right on 116th street. Property is located between Second and Third Ave.
There are no rent controls or rent stabilized units. Area has many surrounding Mixed-Use and Residential Units that are currently under construction or recently completed.
See Executive Summary
Can be converted to Residential Single-Family Townhouse or all Residential apartment units. Taxes are currently $9,146. Zoning: R7D, C1-5,EHC
Three One Bedroom Residential Units and One Commercial Office Unit . Private Patio
Potential to be delivered vacant. Rents are below market. MTA Bus and Subway service right on 116th street. Property is located between Second and Third Ave.
There are no rent controls or rent stabilized units. Area has many surrounding Mixed-Use and Residential Units that are currently under construction or recently completed.
See Executive Summary
Can be converted to Residential Single-Family Townhouse or all Residential apartment units. Taxes are currently $9,146. Zoning: R7D, C1-5,EHC
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$126,000
|
$41.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$126,000
|
$41.18
|
| Taxes |
$9,146
|
$2.99
|
| Operating Expenses |
$17,900
|
$5.85
|
| Total Expenses |
$27,046
|
$8.84
|
| Net Operating Income |
$98,954
|
$32.34
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $126,000 |
| Annual Per SF | $41.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $126,000 |
| Annual Per SF | $41.18 |
| Taxes | |
|---|---|
| Annual | $9,146 |
| Annual Per SF | $2.99 |
| Operating Expenses | |
|---|---|
| Annual | $17,900 |
| Annual Per SF | $5.85 |
| Total Expenses | |
|---|---|
| Annual | $27,046 |
| Annual Per SF | $8.84 |
| Net Operating Income | |
|---|---|
| Annual | $98,954 |
| Annual Per SF | $32.34 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 4 | - | 500 |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 1666-0116 | Total Assessment | $213,285 (2025) |
| Land Assessment | $22,347 (2025) | Annual Taxes | $9,146 ($2.99/SF) |
| Improvements Assessment | $190,938 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
1666-0116
Land Assessment
$22,347 (2025)
Improvements Assessment
$190,938 (2025)
Total Assessment
$213,285 (2025)
Annual Taxes
$9,146 ($2.99/SF)
Tax Year
2026
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239 E 116th St
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