Buy with Yoreevo
$2,837,460
List Price: $2,888,000
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303 W 116th Street
House in South Harlem •  building info
studio • 2,018ft² $1,431 per ft²
Buy with Yoreevo

$2,837,460

List Price

$2,888,000

Key Details
Days on market
83
Last price change
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Estimated payment
$17,071/mo
Taxes
$1,067/mo
Maintenance
N/A
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.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$2,888,000
Asking Price: $2,888,000
Term
30 Years
Down Payment
$288,000 (10%)
Min: 10% (288,000)
Rate
6.25 %
Mortgage Amount
$2,599,200
Mortgage Payment
$16,004
Taxes
$1,067
Estimated Yoreevo rebate
$50,540
Estimated closing cost
$105,000
Total monthly cost $17,071
Buy your dream home with us and get an estimated $50,540 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of RE/MAX Distinguished Hms.&Prop

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