172 E 112TH Street
Manhattan, NY, 10029 $ 3,240,000
Bedrooms18 Baths18.0 Sq 1,875 Monthly Estimate*
$ 20,458
for $3,240,000 with 18 bedrooms and 18 full baths. This 1,875 square foot building was built in 1910.
172 East 112th Strеet рreѕentѕ а 20‐unit mixed-uѕе іnvеstmеnt opportunity in East Harlem, Manhattan, offered at $3,240,000.
The property consists of 18 rent-stabilized residential apartments and two ground-floor retail spaces. The property currently generates approximately $406,450 in annual gross operating revenue and $228,230 in actual NOI, representing a 7.04% current capitalization rate.
Apartments 2D and 3B are currently vacant, with no income from either unit included in the current NOI. Apartment 2D is currently undergoing renovation, with ownership projecting approximately $2,500 per month upon completion, while Apartment 3B is projected at approximately $2,100 per month. Together, the two units represent approximately $55,200 in potential additional annual gross income, resulting in a projected 8.75% pro forma capitalization rate.
Both ground-floor retail spaces are occupied under long-term leases, providing an established commercial income stream.
Asking Price: $3,240,000 Current Cap: 7.04% Pro Forma Cap: 8.75% $162,000 Per Unit
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List Bystella chernoffListing Agent
Douglas Elliman Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $20,458
- Monthly Property Taxes
- $6,957
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Average List Price $7,113,600
Percent of Sale Price 120%
About Manhattan, NY 1,662,179 Population
8% Since 2002
$ 86,055 Median Income
39.14 Median Age
16% Households with Children
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Pricing History| Date | Price | Price Change | Description |
|---|
| 8/12/2026 | $3,240,000 | | Listed Price |