172 E 112th Street, Manhattan, NY 10029
Local realty services provided by:CENTURY 21 Awaye Realty
172 E 112th Street,Manhattan, NY 10029
$4,430,000
- 18 Beds
- 18 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: stella chernoff
Office: douglas elliman real estate
MLS#:RLS20067855
Source:NY_REBNY
Price summary
- Price:$4,430,000
About this home
<p> Asking Price: $4,430,000</p> <p> This well-maintained 5-story mixed-use walk-up is located at 172 East 112th Street in East Harlem. The property sits on an approximately 25 ft 100.92 ft lot ( 2,523 sq ft) and has a total building area of approximately 8,610 sq ft. The building consists of 20 total units, including 18 one-bedroom apartments and 2 street-level retail stores.</p> <p> Property Details:</p> <p> <ul> <li> 18 residential units: all one-bedroom apartments</li> <li> 17 rent-stabilized, 1 rent-controlled apartment (Unit 2D), currently occupied but not paying, offering immediate upside</li> <li> 2 retail stores, one currently vacant with projected rent of $2,900/month</li> <li> Utilities: most apartments have separate electric meters; retail tenants pay their own electric</li> <li> Building systems: boiler replaced approximately 2-3 years ago</li> <li> Lot size: approx. 25 ft 100.92 ft ( 2,523 sq ft)</li> <li> Building square footage: approx. 8,610 sq ft</li> </ul> </p> <p> Financial Highlights:</p> <p> <ul> <li> Current gross income (collected): $391,200/year</li> <li> Current NOI: $229,000</li> <li> Stabilized NOI: $288,000 (including lease-up of the vacant rent-controlled apartment and vacant store)</li> <li> Asking price reflects a 6.5% cap rate on stabilized income</li> </ul> </p> <p> Investment Summary:</p> <p> An excellent opportunity to acquire a Manhattan mixed-use asset with strong existing cash flow and clear upside through lease-up. Immediate upside is available by leasing the vacant rent-controlled apartment and the vacant retail store. Ideal for investors seeking a stable income-producing property with long-term value in a high-demand East Harlem location.</p>
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Home facts
- Year built:1910
- Listing ID #:RLS20067855
- Added:37 day(s) ago
- Updated:February 20, 2026 at 02:01 AM
Rooms and interior
- Bedrooms:18
- Total bathrooms:18
- Full bathrooms:18
- Rooms Total:54
- Basement:Yes
Structure and exterior
- Year built:1910
Finances and disclosures
- Price:$4,430,000
Features and amenities
- Appliances:WasherDryerAllowed
- Laundry features:Washer Dryer Allowed
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