$3,240,000
172 E 112TH Street, New York City NY, 10029
Overview
Active
Listed Aug 12, 2026
Updated 4 weeks ago
172 East 112th Street presents a 20-unit mixed-use investment opportunity in East Harlem, Manhattan, offered at $3,240,000.
The property consists of 18 rent-stabilized residential apartments and two ground-floor retail spaces. The property currently generates approximately $406,450 in annual gross operating revenue and $228,230 in actual NOI, representing a 7.04% current capitalization rate.
Apartments 2D and 3B are currently vacant, with no income from either unit included in the current NOI. Apartment 2D is currently undergoing renovation, with ownership projecting approximately $2,500 per month upon completion, while Apartment 3B is projected at approximately $2,100 per month. Together, the two units represent approximately $55,200 in potential additional annual gross income, resulting in a projected 8.75% pro forma capitalization rate.
Both ground-floor retail spaces are occupied under long-term leases, providing an established commercial income stream.
Asking Price: $3,240,000 Current Cap: 7.04% Pro Forma Cap: 8.75% $162,000 Per Unit
$21,556/mo
Est. mortgage payment based on a $3,240,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- RLS20108913
Interior Features
- Bedrooms
- 18
- Bathrooms
- 18
- Basement
- No
Exterior Features
- Lot Size
- 0.06 Acres
Other Property Details
- Taxes
- $83,484
- Tax Frequency
- Annually
Listing Courtesy of Douglas Elliman Real Estate - stella chernoff
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved
RLS Data display by Brown Harris Stevens. Data last updated on 8/21/2026 at 10:53 PM UTC
