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Property 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.

Features
Heating System:
Baseboard
Cooling System:
Wall/window Unit(s)
Basement:
Full
Parking Features:
On Street
Sewer:
Public Sewer
Utilities:
Natural Gas Connected
Address Map
City:
NY
State:
NY
County:
New York (Manhattan)
Property and Construction
Development Status:
Brick
Agent MlsId:
34299
Office MlsId:
RMXDIS
Number Of Units:
5
Special Listing Conditions:
No
Stories Total:
5
Tax Annual Amount:
$12,801
Water Source:
Public
PhotosCount:
2

Commercial Sale For Sale

303 116th Street, New York, NY

2,018 Acre
$2,888,000
Listing ID #916944
Basic Details
Property Type :
Commercial Sale
Property SubType :
Multi Family
Listing ID :
916944
Price :
$2,888,000
Bathrooms Total :
0
Building Area :
6,590 Sqft
Lot Area :
2,018 Acre
Year Built :
1910
Status :
Active
Status :
Active
Listing Office :
RE/MAX Distinguished Hms.&Prop
Listing Agent :
Ayleen Aybar
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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