160 E 105th St
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160 E 105th St
4 Unit Apartment Building $2,500,000 ($625,000/Unit) 6.73% Cap Rate New York, NY 10029
Investment Highlights
- Free market - not rent stabilization
Executive Summary
Presenting a distinguished opportunity in the heart of East Harlem, 160 East 105th Street is a refined four-story, four-unit residence offering both charm and tremendous potential. Situated on an expansive 20 ft by 100.92 ft lot, this timeless property spans 2,018 square feet of livable space, with each of its generously sized units averaging 505 square feet. The property is poised to benefit from the ongoing evolution of the East Harlem neighborhood, making it a perfect acquisition for those seeking both luxury and investment potential.
Originally constructed in 1910, this building embodies the classic beauty and craftsmanship of early 20th-century New York architecture. Its prime R7B zoning offers versatile possibilities for both renovation and development, while retaining the opportunity to preserve its historical character. With the perfect blend of vintage appeal and modern upgrades, 160 East 105th Street invites a visionary investor or developer to transform it into an exceptional, high-end residential asset.
The property’s strategic location along the vibrant East 105th Street places it at the nexus of culture, convenience, and urban sophistication. Surrounded by upscale dining, boutique shops, and renowned cultural landmarks, residents will enjoy effortless access to the very best of New York City. Additional advantages include proximity to public transportation, schools, and lush green spaces, enhancing the appeal for potential buyers or tenants who seek both style and convenience.
160 East 105th Street offers an extraordinary canvas for those seeking to create a luxury living experience in one of Manhattan’s most exciting and rapidly evolving neighborhoods. Whether redeveloped into bespoke residences or maintained as an income-generating property, this premier address promises a future of success and sophistication.
Originally constructed in 1910, this building embodies the classic beauty and craftsmanship of early 20th-century New York architecture. Its prime R7B zoning offers versatile possibilities for both renovation and development, while retaining the opportunity to preserve its historical character. With the perfect blend of vintage appeal and modern upgrades, 160 East 105th Street invites a visionary investor or developer to transform it into an exceptional, high-end residential asset.
The property’s strategic location along the vibrant East 105th Street places it at the nexus of culture, convenience, and urban sophistication. Surrounded by upscale dining, boutique shops, and renowned cultural landmarks, residents will enjoy effortless access to the very best of New York City. Additional advantages include proximity to public transportation, schools, and lush green spaces, enhancing the appeal for potential buyers or tenants who seek both style and convenience.
160 East 105th Street offers an extraordinary canvas for those seeking to create a luxury living experience in one of Manhattan’s most exciting and rapidly evolving neighborhoods. Whether redeveloped into bespoke residences or maintained as an income-generating property, this premier address promises a future of success and sophistication.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
---|---|---|
Taxes | $13,448 | $2.63 |
Operating Expenses | $18,409 | $3.60 |
Total Expenses | $31,857 | $6.23 |
Financial Summary (Pro forma - 2024)
Taxes | |
---|---|
Annual | $13,448 |
Annual Per SF | $2.63 |
Operating Expenses | |
---|---|
Annual | $18,409 |
Annual Per SF | $3.60 |
Total Expenses | |
---|---|
Annual | $31,857 |
Annual Per SF | $6.23 |
Property Facts
Price | $2,500,000 | Apartment Style | Mid Rise |
Price Per Unit | $625,000 | Building Class | B |
Sale Type | Investment | Lot Size | 0.05 AC |
Cap Rate | 6.73% | Building Size | 5,110 SF |
No. Units | 4 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 4 |
Property Subtype | Apartment | Year Built | 1910 |
Price | $2,500,000 |
Price Per Unit | $625,000 |
Sale Type | Investment |
Cap Rate | 6.73% |
No. Units | 4 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | B |
Lot Size | 0.05 AC |
Building Size | 5,110 SF |
Average Occupancy | 100% |
No. Stories | 4 |
Year Built | 1910 |
Unit Amenities
- Oven
Site Amenities
- 24 Hour Access
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
4+3 | 1 | $5,800 | - |
3+1.5 | 3 | $3,525 | - |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
Parcel Number | 1632-0047 | Total Assessment | $107,597 |
Land Assessment | $59,850 | Annual Taxes | $13,448 ($2.63/SF) |
Improvements Assessment | $92,628 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
1632-0047
Land Assessment
$59,850
Improvements Assessment
$92,628
Total Assessment
$107,597
Annual Taxes
$13,448 ($2.63/SF)
Tax Year
2024
zoning
Zoning Code | R7B |
R7B |
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160 E 105th St
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