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Off market
  • $2,529,700

    324 E 116th St, New York, NY 10029

    14beds
    6,360sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $2,529,700 Zestimate®
    $398/sqft
    $4,018 Estimated rent

    Home value

    $2,529,700

    $2.12M - $3.04M

    $4,018/mo

    Zestimate® history
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    $4,018/mo

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    $4,018/mo

    Rent Zestimate®

    Refinance and save

    $15,574/mo

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    $15,574/mo

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    What's special

    European flairRetail storeGranite countertopsDeep soaking tubsStainless steel appliances

    Renovated 9 Family Brownstone + Retail Store in Manhattan! Originally a 3 family property, this exquisite rental building has just been converted into 9 brand new gorgeous apartments and a retail store. Located in the East Harlem neighborhood of Manhattan between 2nd Ave and 1st Ave. Laundromat is only 3 doors down and the 6 trains at 116th St & M106 bus line are only steps away. One of a kind opportunity for investors as this building boasts a 5.5% CAP RATE! This property features: - Contemporary designs finished with a European flair - BRAND NEW Intercom system - BRAND NEW ductless heating/cooling units in every room - Original expanded brownstone windows restored - Loft-like ceiling heights - Queen/King size Bedrooms with spacious living rooms - Kitchens feature stainless steel appliances & granite countertops - Dishwashers in every unit - Bathroom vanities showcase brass finishes - Deep Soaking Tubs in each unit - Unit 1A is a 2BR/2BTH Duplex - Units 2 & 3 are 3BR/3BTH layouts - Units 4A, 4B, 5A, 5B, 6A & 6B are all 1BR/1BTH layouts - Retail store has lease expiring in 2027; store has half bath Other features: all brand new mechanicals; energy efficient building; tenants responsible for their own utilities except water; Units 1A, 2 and 3 are vacant until December 2022. Lot: 20 x 100.92 ft Bld: 20 x 53 ft Zoning: R7B FAR: 1.54; Max FAR: 3 Taxes: $18,291/Yr Call Theo Eastwind TODAY for a complete SET UP! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 15
    • Full bathrooms: 14
    • 1/2 bathrooms: 1
    Cooling
    • Central
    Appliances
    • Included: Dishwasher
    Features
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 6,360 sqft

    Property

    Lot
    • Size: 2,018 Square Feet
    Details
    • Parcel number: 016870040

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1900

    Community & HOA

    Location
    • Region: New York

    Financial & listing details

    • Price per square foot: $398/sqft
    • Tax assessed value: $1,249,000
    • Annual tax amount: $57,438

    Price history

    DateEventPrice
    2/17/2023Listing removed--
    Source: StreetEasy Report a problem
    11/30/2022Price change$4,888,888-18.5%$769/sqft
    Source: OneKey® MLS as distributed by MLS GRID #3437296 Report a problem
    11/4/2022Price change$6,000,000+22.7%$943/sqft
    Source: StreetEasy Report a problem
    10/28/2022Price change$4,888,888-2.2%$769/sqft
    Source: OneKey® MLS as distributed by MLS GRID #3437296 Report a problem
    10/15/2022Listed for sale$5,000,000+170.3%$786/sqft
    Source: StreetEasy Report a problem
    3/17/2020Sold$1,850,000$291/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$57,438 +7.5%$562,050 +6.3%
    2024$53,452 +495.6%$528,750 +79.7%
    2023$8,975 $294,300 -7.8%
    2022-- $319,050 +2.2%
    2021-- $312,300 -5.2%
    2020-- $329,400 +5.4%
    2019$7,580 +6.8%$312,660 +455.6%
    2018$7,098 +7.1%$56,277 +8%
    2017$6,630 -1.3%$52,127
    2016$6,720 $52,127 +3.3%
    2015$6,720 +66.4%$50,458 +7.9%
    2014$4,040 $46,745
    Find assessor info on the county website

    Neighborhood: East Harlem

    Nearby schools

    GreatSchools rating