176 110Th StNew York, NY 10029
- Mixed-use properties
Property Details for 176 110Th St
- Property type
- Mixed-use properties
- Property subtype
- Apartment buildings
Description
This exceptional mixed-use property at 176 East 110th Street (also known as 2000-2002 3rd Avenue) in East Harlem, New York, presents a compelling investment opportunity. The building boasts 20 rent-stabilized apartments and three retail units, strategically positioned on a prime corner of 3rd Avenue within a vibrant commercial district filled with numerous shops and restaurants. Currently, there is one vacant apartment and two owner-occupied units to be delivered vacant, offering significant potential for value enhancement through increased rental income. Recent capital improvements include the installation of new boilers. One retail tenant contributes 12.5% towards the real estate taxes, further enhancing the property's financial performance. The building's convenient location near Marcus Garvey Park, Central Park North, and just half a block from the 4-6 subway lines ensures strong tenant demand and accessibility. The asking price for this multifamily investment is $4,200,000. This property offers a strong foundation for a savvy investor seeking a value-add opportunity in a prime East Harlem location with excellent market fundamentals.
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7941
- Longitude
- -73.9431
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].