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Mixed-Use Bldg - Partnership Dissolution 245 E 115th St 14 Unit Apartment Building $3,750,000 ($267,857/Unit) 7.82% Cap Rate New York, NY 10029
Executive Summary
Partnership Dissolution Sale
10,600+ Sq Ft Mixed-Use Building - 1 Commercial & 13 Residential Units
$334,000+ Current Rent Roll
245 East 115th Street, East Harlem, NY 10029
10,658 Sq Ft Mixed-Use Building
13 Residential Units Totaling 10,454 SQ Ft
1 Commercial Unit Totaling 204 Sq Ft
8-Stories with Elevator
Total Current Rent Roll: $334,000+ (With Vacancy)
Projected Annual Rent Roll: $380,000+
Recent Construction – C of O Issued 12/18/2020
$3,750,000 Opening Offer
Accepting Offers March 23-25, 2026
10,600+ Sq Ft Mixed-Use Building - 1 Commercial & 13 Residential Units
$334,000+ Current Rent Roll
245 East 115th Street, East Harlem, NY 10029
10,658 Sq Ft Mixed-Use Building
13 Residential Units Totaling 10,454 SQ Ft
1 Commercial Unit Totaling 204 Sq Ft
8-Stories with Elevator
Total Current Rent Roll: $334,000+ (With Vacancy)
Projected Annual Rent Roll: $380,000+
Recent Construction – C of O Issued 12/18/2020
$3,750,000 Opening Offer
Accepting Offers March 23-25, 2026
Property Facts
| Price | $3,750,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $267,857 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 7.82% | Building Size | 15,568 SF |
| No. Units | 14 | No. Stories | 8 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | ||
| Zoning | R7A | ||
| Price | $3,750,000 |
| Price Per Unit | $267,857 |
| Sale Type | Investment |
| Cap Rate | 7.82% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 15,568 SF |
| No. Stories | 8 |
| Year Built | 2020 |
| Zoning | R7A |
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 1665-0122 | Improvements Assessment | $977,850 |
| Land Assessment | $45,450 | Total Assessment | $1,023,300 |
Property Taxes
Parcel Number
1665-0122
Land Assessment
$45,450
Improvements Assessment
$977,850
Total Assessment
$1,023,300
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Mixed-Use Bldg - Partnership Dissolution | 245 E 115th St
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