175 East 116th Street has received a price reduction... Motivated Seller!!!
Great mix use building in the Heart Of East Harlem, with income generating commercial space. This is one of the 4 buildings being sold as a preferred package deal in the same area. The other 3 are actually right up the street on the same block. This building has 2 apts and 2 commercial spaces, which can be a great income producing investment. All of these buildings have significant air rights... Close proximity to the 6 train and multiple bus routes. East River Plaza Mall is a stone through away, which has multiple department stores like, Costco, Target, Burlington, Marshalls, Aldi to name a few.
Residential FAR 4.2
Facility FAR 4.2
FAR as built 2.20
Allowed usable floor area 7,312
Usable floor area as built 3,830
Unused FAR 3,482
Square feet 3,825
Building dimensions 17 ft x 55 ft
Lot sqft 1,741
Lot dimensions 17.25 ft x 100.92 ft
Note that the above is given for information only, as a very basic explanation of FAR and Development Rights (generally and related to specific property).
Sold for $1,925,000
$1,925,000
175 E 116th St, New York, NY 10029
6beds
3,825sqft
MultiFamily
Built in 1900
-- sqft lot
$-- Zestimate®
$503/sqft
$4,019 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,019/mo
Zestimate® history
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$12,407/mo
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Features
- Has fireplace: Yes
Interior area
- Total interior livable area: 3,825 sqft
Property
Lot
- Size: 1,740 Square Feet
Details
- Parcel number: 016440031
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1900
Community & HOA
Location
- Region: New York
Financial & listing details
- Price per square foot: $503/sqft
- Tax assessed value: $703,000
- Annual tax amount: $6,038
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2024 | Sold | $1,925,000-35.7%$503/sqft |
Source: Public Record Report a problem | ||
| 11/10/2023 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 4/22/2022 | Price change | $2,995,000-14.3%$783/sqft |
Source: StreetEasy Report a problem | ||
| 3/22/2022 | Listed for sale | $3,495,000-12.6%$914/sqft |
Source: StreetEasy Report a problem | ||
| 3/11/2022 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 11/2/2021 | Listed for sale | $4,000,000$1,046/sqft |
Source: StreetEasy Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,038 +3.2% | $316,350 -4% |
| 2024 | $5,851 +10.1% | $329,400 +11.9% |
| 2023 | $5,316 | $294,300 -20% |
| 2022 | -- | $368,100 -4% |
| 2021 | -- | $383,400 -5.2% |
| 2020 | -- | $404,550 +5.4% |
| 2019 | $4,490 +6.8% | $383,940 +1051.8% |
| 2018 | $4,204 +7.1% | $33,334 +8% |
| 2017 | $3,926 +6.5% | $30,865 +8% |
| 2016 | $3,685 | $28,580 |
| 2015 | $3,685 +54% | $28,580 +3.2% |
| 2014 | $2,392 | $27,693 |
Find assessor info on the county website
Neighborhood: East Harlem
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Nearby schools
GreatSchools rating
- 4/10Ps 7 Samuel SternGrades: PK-8Distance: 0.2 mi
- 3/10Esperanza Prepatory AcademyGrades: 6-12Distance: 0.4 mi
- New York
- New York County
- New York
- 10029
- Manhattan
- East Harlem
- 175 E 116th St