Multi-family

Investment Opportunity – Multi-Family Property in East Harlem

Address: 170 E 108th Street, New York, NY, 10029
Price: $8,575,000 ($504,412/Unit)
Sale Type: Investment (Part of a Portfolio)
Property Type: 3-Star Apartment Building
Location: Urban
Number of Units: 5
Stories: 4
Class: B
Gross Building Area (GBA): 4,075 SF
Typical Floor Size: 1,000 SF
Number of Buildings: 1
Units per Acre: 128/AC
Rent Type: Market

Property Overview:

Located in the thriving neighborhood of East Harlem, 170 E 108th Street presents a unique multi-family investment opportunity. As part of a larger portfolio, this 5-unit apartment building offers strong rental income potential with market-rate leases. Positioned in an area experiencing significant redevelopment and residential growth, this property provides both stable cash flow and long-term appreciation potential.

Key Features:

Prime East Harlem Location:

• Situated on East 108th Street, an area with increasing demand for quality rental housing.
• Surrounded by local shops, parks, restaurants, and cultural landmarks, enhancing its appeal to tenants.
• Close proximity to retail corridors and new residential developments, making it a highly desirable rental market.

Strong Investment Potential:

• 5-unit apartment building with market-rate rents, ensuring steady income.
• Located in a high-demand rental market with potential for future appreciation.
• Well-maintained Class B property with modern amenities, reducing maintenance costs and increasing tenant satisfaction.

Efficient & Well-Designed Mid-Rise Building:

• 4,075 SF total building area with an optimized 1,000 SF per floor.
• 4-story structure, offering spacious layouts for tenants.
• Modernized interiors with opportunities for future value-added improvements.

Excellent Transit & Accessibility:

• Steps from major subway lines (4, 5, 6) and multiple bus routes, making commuting convenient.
• Easy access to the FDR Drive and major roadways for regional connectivity.
• Walking distance to schools, parks, and shopping centers, increasing its desirability among renters.

Highlights:

✔ $8,575,000 investment opportunity with market-rate rental income
✔ 5-unit apartment building in a rapidly growing East Harlem neighborhood
✔ Market-rate rent potential in a high-demand residential area
✔ Convenient transit access, steps from subway lines and major highways
✔ Ideal for investors seeking long-term appreciation and steady returns

Conclusion:

170 E 108th Street presents a prime opportunity for real estate investors looking to acquire a well-located, income-generating multi-family property in East Harlem. With market-rate rent potential, strong tenant demand, and long-term appreciation prospects, this property is a valuable addition to any investment portfolio.

Contact us today for more details or to schedule a private tour!