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160 E 105th St

4 Unit Block of Flats £1,988,800 (£497,200/Unit) 6.73% Net Initial Yield New York, NY 10029

Investment Highlights

  • Free market - not rent stabilization

Executive Summary

Presenting a distinguished opportunity in the heart of East Harlem, 160 East 105th Street is a refined four-story, four-unit residence offering both charm and tremendous potential. Situated on an expansive 20 ft by 100.92 ft lot, this timeless property spans 2,018 square feet of livable space, with each of its generously sized units averaging 505 square feet. The property is poised to benefit from the ongoing evolution of the East Harlem neighborhood, making it a perfect acquisition for those seeking both luxury and investment potential.
Originally constructed in 1910, this building embodies the classic beauty and craftsmanship of early 20th-century New York architecture. Its prime R7B zoning offers versatile possibilities for both renovation and development, while retaining the opportunity to preserve its historical character. With the perfect blend of vintage appeal and modern upgrades, 160 East 105th Street invites a visionary investor or developer to transform it into an exceptional, high-end residential asset.
The property’s strategic location along the vibrant East 105th Street places it at the nexus of culture, convenience, and urban sophistication. Surrounded by upscale dining, boutique shops, and renowned cultural landmarks, residents will enjoy effortless access to the very best of New York City. Additional advantages include proximity to public transportation, schools, and lush green spaces, enhancing the appeal for potential buyers or tenants who seek both style and convenience.
160 East 105th Street offers an extraordinary canvas for those seeking to create a luxury living experience in one of Manhattan’s most exciting and rapidly evolving neighborhoods. Whether redeveloped into bespoke residences or maintained as an income-generating property, this premier address promises a future of success and sophistication.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Taxes £10,698 £2.09
Operating Expenses £14,645 £2.87
Total Expenses £25,343 £4.96

Financial Summary (Pro forma - 2024)

Taxes
Annual £10,698
Annual Per SF £2.09
Operating Expenses
Annual £14,645
Annual Per SF £2.87
Total Expenses
Annual £25,343
Annual Per SF £4.96

Property Facts

Price £1,988,800
Price Per Unit £497,200
Sale Type Investment
Net Initial Yield 6.73%
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.05 AC
Building Size 5,110 SF
Average Occupancy 100%
Number of Floors 4
Year Built 1910

Unit Amenities

  • Oven

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
4+3 1 £4,614 -
3+1.5 3 £2,804 -
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1632-0047
Land Assessment
£47,093
Improvements Assessment
£72,884
Total Assessment
£84,663
Annual Taxes
£10,698 (£2.09/sf)
Tax Year
2024

zoning

Zoning Code R7B
R7B
  • Listing ID: 34242872

  • Date on Market: 19/12/2024

  • Last Updated:

  • Address: 160 E 105th St, New York, NY 10029

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