361 W 116th St
New York, NY 10026
SRO · Multifamily Property For Sale
·
11 Units
Property Facts
| No. Units | 11 | Lot Size | 0.04 AC |
| Property Type | Multifamily | Building Size | 3,264 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1901/2017 |
| Building Class | C | ||
| Zoning | R7a | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,264 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1901/2017 |
| Zoning | R7a |
About 361 W 116TH ST , NEW YORK, NY 10026
Offering: The property (Block 1943:Lot 11) is located on the northern side of West 116th street, and is built 17 by 48 on a 100.92 lot within the South Harlem area. The property is zoned R7A and has an FAR of 4.0. The Opportunity: The property is built to approximately 3264 square feet on a lot that will allow up to 6800 square foot and sits outside of the historic district. With so much additional square footage available, this building can be the cornerstone of an assemblage, a buy and hold, or eventual 1-4 family conversion. ***NOTE Unit 11,12 are 1 unit. All 11 units are rented and will be delivered fully occupied at closing. This is a legal SRO with 11 B rooms with ALL rooms occupied at closing. This will be delivered WITHOUT the Certificate of no harassment. Layout: Ground floor: 2 B rooms, full renovated common bathroom 1st floor: 2 B rooms, full renovated common bathroom 2nd floor: 3 B rooms, full common bathroom 3rd floor: 4 B rooms, full common bathroom NOTE THIS WILL NOT BE DELIVERED COMPLETELY VACANT.*** NOI approximately $46k per annum. Please email for setup.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 150 - 450 |
Property Taxes
| Parcel Number | 1943-0011 | Improvements Assessment | $187,360 |
| Land Assessment | $18,900 | Total Assessment | $206,260 |
Property Taxes
