303 W 116th Street,New York (Manhattan), NY 10026
New York (Manhattan), NY 10026
Description
Residential and Commercial Mixed-Use Opportunity in South Harlem Income + UpsideTurnkey 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.
Details
| MLS # | 916944 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 355 |
| Listing Provided By | RE/MAX Distinguished Hms.&Prop | Ayleen Aybar |
Features
| SQ Feet | 6,590 |
|---|---|
| Basement | Y |
| Story(s) | 5 |
| Units | 5 |
| Acreage | 0.05 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 12801 |
Area Information
| State | NY |
|---|---|
| County | New York (Manhattan) |
| City | New York (Manhattan) |
| Zip Code | 10026 |
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Learn More About This Property
| State | NY |
|---|---|
| County | New York (Manhattan) |
| City | New York (Manhattan) |
| Zip Code | 10026 |
