Multi-family

Investment Opportunity – Multi-Family Property in East Harlem

Address: 156 E 109th Street, New York, NY, 10029
Price: $8,575,000 ($504,412/Unit)
Sale Type: Investment (Part of a Portfolio)
Property Type: 2-Star Low-Rise Apartment Building
Location: Urban
Number of Units: 4
Average Unit Size: 750 SF
Stories: 4
Class: C
Gross Building Area (GBA): 4,178 SF
Typical Floor Size: 1,306 SF
Number of Buildings: 1
Units per Acre: 91/AC
Market Segment: All
Rent Type: Market/Affordable
Affordable Type: Rent Stabilized
Affordable Units: 4

Property Overview:

Located in East Harlem, 156 E 109th Street presents a unique opportunity for investors looking for stable rental income in a high-demand residential market. As part of a larger portfolio, this 4-unit low-rise apartment building includes both market-rate and rent-stabilized units, ensuring long-term tenancy and predictable revenue. With an attractive price per unit and a strong rental market, this property is a valuable addition to any investment portfolio.

Key Features:

Strategic East Harlem Location:

• Situated on East 109th Street, an area experiencing ongoing residential and commercial development.
• Close proximity to major retail centers, grocery stores, restaurants, and schools, making it a desirable location for tenants.
• High walkability score with access to neighborhood amenities and services.

Strong & Stable Investment Potential:

• 4-unit apartment building offering a mix of market-rate and rent-stabilized units for a balanced investment approach.
• Steady rental income with opportunities for long-term appreciation.
• Potential for value-add improvements to increase future rental yields.

Well-Designed & Efficient Low-Rise Building:

• 4,178 SF total building area with an efficient 1,306 SF typical floor layout.
• 4-story structure with spacious 750 SF average unit sizes.
• Class C designation with potential for renovation or upgrades.

Excellent Transit & Accessibility:

• Steps from major subway lines (4, 5, 6) and multiple bus routes, ensuring easy commuting.
• Close to the FDR Drive, providing quick access to Midtown and surrounding boroughs.
• Walking distance to local parks, schools, and shopping centers, further enhancing tenant appeal.

Highlights:

✔ $8,575,000 investment opportunity in East Harlem
✔ 4-unit low-rise apartment building with both market-rate and rent-stabilized units
✔ Strong rental demand in a growing residential market
✔ Convenient transit access, steps from subway lines and major roadways
✔ Ideal for investors seeking stable cash flow and long-term value appreciation

Conclusion:

156 E 109th Street presents an exceptional investment opportunity in the evolving East Harlem neighborhood. With a mix of rent-stabilized and market-rate units, this property offers both immediate rental income and long-term appreciation potential. Its prime location, steady demand, and value-add potential make it an attractive asset for real estate investors.

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