# 122 E 116th Street, New York (Manhattan), NY 10029 > **TL;DR:** commercial, $1,949,000, built 1910. > A/C. Est. $10,423/mo. Listed 5 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,949,000 | | Year Built | 1910 | | Lot Size | 2,522 sqft (0.06 acres) | | Stories | 5 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 5 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $9,855 | | Estimated Insurance | $568 | | **Total** | **$10,423** | ## Key Amenities - A/C ## Property Highlights - Built in 1910 - 0.06 acre lot - 5 stories ## Description ### Agent Description CENTURY 21 Shared Purpose has been exclusively retained to arrange for the sale of 122 East 116th Street, New York, NY 10029 (the "Property"). The Property is a five-story, ten-unit mixed-use, 100% rent stabilized walk-up of pre-war brownstone construction, located on the south side of East 116th Street between Park and Lexington Avenues in the East Harlem neighborhood of Manhattan. The offering pairs the two income profiles buyers seek in a single asset: two operating retail storefronts on one of East Harlem's principal commercial corridors, and eight regulated apartments above producing diversified residential income. Gross income in place totals $240,360 annually, generating net operating income of $173,749 - an 8.9% capitalization rate at the offering price. East Harlem is among Manhattan's most culturally rich and historically significant neighborhoods, in the midst of a sustained wave of residential, retail, and community investment. The Property sits within the East Harlem Corridors special district, steps from the 6 train at 116th Street, the Metro-North station at Harlem-125th Street, Thomas Jefferson Park, and the East River Esplanade. ## Location - **Address:** 122 E 116th Street, New York (Manhattan), NY 10029 - **County:** New York (Manhattan) ## Listing Agent - **Name:** Robert J. Gellert SRES - **Brokerage:** Shares of New York Marketing LLC - **Broker Phone:** (914) 721-3355 ## Photos ![122 E 116th Street - Photo 1](http://lh.rdcpix.com/af87818184fc9f2463eab8b3b588d9acl-f1293798140r.jpg) ![122 E 116th Street - Photo 2](http://lh.rdcpix.com/af87818184fc9f2463eab8b3b588d9acl-f469022522r.jpg) ![122 E 116th Street - Photo 3](http://lh.rdcpix.com/af87818184fc9f2463eab8b3b588d9acl-f2020252962r.jpg) ![122 E 116th Street - Photo 4](http://lh.rdcpix.com/af87818184fc9f2463eab8b3b588d9acl-f910944693r.jpg) ![122 E 116th Street - Photo 5](http://lh.rdcpix.com/af87818184fc9f2463eab8b3b588d9acl-f3187227534r.jpg) ![122 E 116th Street - Photo 6](http://lh.rdcpix.com/af87818184fc9f2463eab8b3b588d9acl-f3916947806r.jpg) ![122 E 116th Street - Photo 7](http://lh.rdcpix.com/af87818184fc9f2463eab8b3b588d9acl-f3026023467r.jpg) ![122 E 116th Street - Photo 8](http://lh.rdcpix.com/af87818184fc9f2463eab8b3b588d9acl-f152472126r.jpg) ![122 E 116th Street - Photo 9](http://lh.rdcpix.com/af87818184fc9f2463eab8b3b588d9acl-f3036742076r.jpg) ![122 E 116th Street - Photo 10](http://lh.rdcpix.com/af87818184fc9f2463eab8b3b588d9acl-f1385524008r.jpg) --- **MLS#:** 1066655 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/122-e-116th-street-new-york-manhattan-ny-10029-4b5691c34afa4e6cb8ca5f2f3e2b4a06) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/122-e-116th-street-new-york-manhattan-ny-10029-4b5691c34afa4e6cb8ca5f2f3e2b4a06#listing", "url": "https://www.propertysimple.ai/listing/122-e-116th-street-new-york-manhattan-ny-10029-4b5691c34afa4e6cb8ca5f2f3e2b4a06", "name": "122 E 116th Street, New York (Manhattan), NY 10029", "description": "CENTURY 21 Shared Purpose has been exclusively retained to arrange for the sale of 122 East 116th Street, New York, NY 10029 (the \"Property\"). 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