Discover a compelling mixed-use building in the heart of dynamic East Harlem (El Barrio), where cultural richness meets explosive growth and unbeatable convenience. This property features a high-visibility ground-floor retail unit-ideal for a boutique, café, or essential service capturing heavy foot traffic-paired with three spacious two bedroom residential apartments above, offering strong rental income potential in one of Manhattan's most sought-after up-and-coming neighborhoods.
Key Highlights:
- Diversified Income Stream: Retail space with excellent street frontage on bustling 2nd Avenue + 3 residential units (all 2-bedrooms with same layout, many with natural light and classic pre-war details).
- Prime Location: Steps from the 116th Street 6 train station, East River Plaza shopping (Target, Costco, Aldi), Thomas Jefferson Park, and iconic local spots like Patsy's Pizzeria and Rao's. Easy access to the Upper East Side, Central Park, and the forthcoming Second Avenue Subway extension.
- Neighborhood Momentum: East Harlem's renaissance brings new developments, world-class dining (from taquerías to fine Italian), art murals, and a vibrant community-perfect for tenants seeking authentic NYC energy with modern appeal.
- Value-Add Potential: Opportunity to update units for higher rents or convert for condo potential in a market with low vacancy and rising demand.
This turnkey investment delivers stable cash flow today with significant upside tomorrow. Ideal for savvy owners or investors looking to capitalize on East Harlem's transformation into Manhattan's next hotspot.
Contact for financials, rent roll, and private showing. Serious inquiries only-this one won't last.
Discover a compelling mixed-use building in the heart of dynamic East Harlem (El Barrio), where cultural richness meets explosive growth and unbeatable convenience. This property features a high-visibility ground-floor retail unit-ideal for a boutique, café, or essential service capturing heavy foot traffic-paired with three spacious two bedroom residential apartments above, offering strong rental income potential in one of Manhattan's most sought-after up-and-coming neighborhoods.
Key Highlights:
- Diversified Income Stream: Retail space with excellent street frontage on bustling 2nd Avenue + 3 residential units (all 2-bedrooms with same layout, many with natural light and classic pre-war details).
- Prime Location: Steps from the 116th Street 6 train station, East River Plaza shopping (Target, Costco, Aldi), Thomas Jefferson Park, and iconic local spots like Patsy's Pizzeria and Rao's. Easy access to the Upper East Side, Central Park, and the forthcoming Second Avenue Subway extension.
- Neighborhood Momentum: East Harlem's renaissance brings new developments, world-class dining (from taquerías to fine Italian), art murals, and a vibrant community-perfect for tenants seeking authentic NYC energy with modern appeal.
- Value-Add Potential: Opportunity to update units for higher rents or convert for condo potential in a market with low vacancy and rising demand.
This turnkey investment delivers stable cash flow today with significant upside tomorrow. Ideal for savvy owners or investors looking to capitalize on East Harlem's transformation into Manhattan's next hotspot.
Contact for financials, rent roll, and private showing. Serious inquiries only-this one won't last.
Listing Courtesy of Corcoran Group
