Investment Opportunity – Multi-Family Property in East Harlem
Address: 334 E 106th Street, New York, NY, 10029
Price: $4,999,000 ($833,167/Unit)
Sale Type: Investment
Property Type: 2-Star Low-Rise Apartment Building
Location: Urban
Number of Units: 6
Stories: 4
Class: C
Gross Building Area (GBA): 5,090 SF
Typical Floor Size: 1,273 SF
Number of Buildings: 1
Units per Acre: 104/AC
Rent Type: Market
Property Overview:
Located in the rapidly growing neighborhood of East Harlem, 334 E 106th Street presents a prime investment opportunity. This 6-unit low-rise apartment building offers excellent rental income potential in an area experiencing significant residential and commercial development. With a competitive price point and strong market-rate rent potential, this property is ideal for investors looking to acquire a stable, income-generating asset in Manhattan.
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Key Features:
Prime East Harlem Location:
- Situated on East 106th Street, a vibrant and evolving area with growing demand for quality housing.
- Close to key shopping centers, restaurants, and cultural destinations, ensuring strong tenant appeal.
- High walkability score and easy access to public transportation make it a desirable rental market.
Strong Investment Potential:
- 6-unit apartment building offering immediate cash flow and long-term appreciation.
- Market-rate rental units provide stable and increasing income opportunities.
- A well-positioned property in a high-demand rental market with room for future value appreciation.
Spacious & Well-Designed Low-Rise Building:
- 5,090 SF of total building space with an efficient 1,273 SF typical floor layout.
- 4-story structure with potential for upgrades or renovations to increase rental value.
- Class C designation offers opportunities for value-add improvements.
Excellent Transit & Accessibility:
- Steps from major subway lines (4, 5, 6) and multiple bus routes, providing seamless access to the rest of Manhattan.
- Close proximity to major highways, making commuting easy for tenants.
- Near local parks, schools, and essential neighborhood amenities.
Highlights:
✔ $4,999,000 investment opportunity with market-rate rental income
✔ 6-unit low-rise apartment building in a growing East Harlem neighborhood
✔ Market-rate rent potential in a high-demand rental area
✔ Convenient transit access, steps from subway lines and major roadways
✔ Ideal for long-term investors seeking stable returns and appreciation
Conclusion:
334 E 106th Street is a rare opportunity for investors looking to acquire a multi-family property in one of Manhattan’s fastest-growing neighborhoods. With strong rental demand, market-rate income potential, and long-term appreciation upside, this property is an excellent addition to any real estate investment portfolio.
Contact us today for more details or to schedule a private viewing!
