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About This Home

This 0-bedroom, 0-bathroom residential multi family at 303 W 116th Street in New York (Manhattan), NY is listed for $2,888,000. Built in 1910, on a 0.05 acres lot.

Agent Description

Residential and Commercial Mixed-Use Opportunity in South Harlem - Income + Upside Turnkey rent-producing asset with amazing potential. This classic 5-story brick building offers four full floor-residential apartments above a highly visible ground floor retail space, all strategically located on one of Harlem's busiest East-West corridors.

With 6,590+ square feet of total space, classic character, brick facade, hardwood floors, high ceilings- this property combines strong existing cash flow with serious chances to add value. Reliable rental income from retail plus four residential units, great base income from day one!

The ground-floor commercial space was home to LoLo's Seafood Shack, a neighborhood staple that thrived in this location for a decade. The commercial space offers excellent visibility, constant foot traffic, and strong demand for dining and retail concepts.

In addition, your income generating property features a full basement with direct access to the backyard, offering excellent potential for storage, expansion or additional use. Lot & Footprint: Built on a ~20' x 100.92' lot, with ~20' x 63' building footprint.

Transit & location: walkability & transit access. Steps to B/C trains, close to 2/3 lines. Minutes to Columbia University, Morningside Park, great dining on Frederick Douglass Blvd. All units are delivered vacant; strong possibility to reconfigure the top floors or add value via renovation. Zoning & Flexibility: R7A / R8A zoning with a C1-4 commercial overlay offers options. Rent Roll available upon request.

Key Features

  • Built in 1910
  • 0.05 acre lot
  • 5 stories

Property Details

5 stories
1910

Amenities

A/C

Monthly Cost Estimate

$15,446/mo

20% down · 6.5% · 30 years

Principal$2,089
Interest$12,515
Insurance$842

Estimates only. Actual payments may vary.

Location

303 W 116th Street

New York (Manhattan), NY 10026

Property Details

Construction

Brick

Parking

On Street

Heating

Baseboard

Cooling

Wall/Window Unit(s)Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 303 W 116th Street is listed at $2,888,000. The estimated monthly payment is $12,515 based on 20% down at 6.5% interest.

Key features include: Built in 1910, 0.05 acre lot, 5 stories.

This property is listed by Ayleen Aybar and can be reached at 8168126240 or ayleen@yourcleveragent.com.

AA

Ayleen Aybar

Agent at RE/MAX Distinguished Hms.&Prop

(816) 812-6240

Listed by RE/MAX Distinguished Hms.&Prop

MLS# 916944· Source: listhub· Updated 250 days ago

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303 W 116th Street, New York (Manhattan), NY 10026

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