151 116Th St New York, NY 10029

This four-story, 4,500 square foot mixed-use building in East Harlem, New York, presents a compelling investment opportunity. The property features ground floor retail space with a basement, a second-floor commercial unit open to the ground floor, and two upper-floor residential units. Located just 75 feet from the 6 train (Green Line) at 116th Street and Lexington Avenue, it benefits from high pedestrian traffic and strong retail co-tenancy, including Dunkin'/Baskin-Robbins, Domino's, Wings Plus, Burger King, and Popular Bank. The double-height glass storefront maximizes signage visibility. The asking price is $2,350,000, with a pro-forma NOI of $179,223 and a 7.63% pro-forma cap rate. The property is zoned R9, C2-5 and includes approximately 5,834 square feet of air rights, offering significant potential for future development or expansion. This is an ideal opportunity for an owner-user or value-add investor seeking a prime location in a thriving East Harlem retail corridor. The building sits on a 1,360 square foot lot. This unique property offers a blend of retail, commercial, and residential uses, making it a versatile and attractive investment.