172 E 112TH Street #0
MLS® #RLS20067855
Listing by Douglas Elliman Real Estate
18
Bedrooms
18
Baths
—
Sq. Ft.
1910
Year Built
Quick Summary
Property Highlights
- Views: City
- Style: WalkUp architecture
- Character: Pre-war building (1910)
Property Details
Description
Asking Price: $5,250,000
This well-maintained 5-story mixed-use walk-up is located at 172 East 112th Street in East Harlem. The property sits on an approximately 25 ft 100.92 ft lot ( 2,523 sq ft) and has a total building area of approximately 8,610 sq ft. The building consists of 20 total units, including 18 one-bedroom apartments and 2 street-level retail stores.
Property Details:
- 18 residential units: all one-bedroom apartments
- 17 rent-stabilized, 1 rent-controlled apartment (Unit 2D), currently occupied but not paying, offering immediate upside
- 2 retail stores, one currently vacant with projected rent of $2,900/month
- Utilities: most apartments have separate electric meters; retail tenants pay their own electric
- Building systems: boiler replaced approximately 2-3 years ago
- Lot size: approx. 25 ft 100.92 ft ( 2,523 sq ft)
- Building square footage: approx. 8,610 sq ft
Financial Highlights:
- Current gross income (collected): $391,200/year
- Current NOI: $229,000
- Stabilized NOI: $288,000 (including lease-up of the vacant rent-controlled apartment and vacant store)
- Asking price reflects a 5.5% cap rate on stabilized income
Investment Summary:
An excellent opportunity to acquire a Manhattan mixed-use asset with strong existing cash flow and clear upside through lease-up. Immediate upside is available by leasing the vacant rent-controlled apartment and the vacant retail store. Ideal for investors seeking a stable income-producing property with long-term value in a high-demand East Harlem location.
Features & Amenities
Interior Features
Exterior Features
Appliances
Building Information
Financial Details
About East Harlem
View All East Harlem ListingsEast Harlem, also known as El Barrio, is a neighborhood rich in culture, art, and history. Known for its vibrant murals and the historic La Marqueta, the area is undergoing a residential transformation. The real estate market offers some of Manhattan's most accessible price points, featuring a mix of historic walk-up cooperatives, value-driven HDFC units, and a surge of new luxury condominium developments that offer modern amenities and easy access to the Upper East Side.
East Harlem Live Market Data
View NeighborhoodActive Listings
36
Median Asking Price
$850K
Median $/Sqft
$811
Avg Days on Market
N/A
New This Week
2
Price Reduced
47%
Sold (30 Days)
5
Median Sale Price
$765K
Live data from RLS at REBNY • Updated 2/16/26, 2:26 AM EST
Location
172 E 112TH Street #0, East Harlem, New York County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
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Listing Courtesy of Douglas Elliman Real Estate - stella chernoff
Listing Contact: (917) 847-8634
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
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RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 7:26 AM UTC