9 months on rocket

439 E 116th St, New York City, NY, 10029

$1,700,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths
2,660 SqFt
$639/SqFt
Multi

Location

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439 E 116th St, New York$1,700,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1900
MLS #OLRS-00010097108
StatusActive

About 439 E 116th St

Prime Free Market 4-Family Real Estate Opportunity in the Heart of East Harlem<br>Nestled in the historic neighborhood of East Harlem, this distinguished 4-Family property presents a unique investment opportunity for discerning buyers. Boasting a substantial four-unit composition, this property is thoughtfully configured with four, 1-Bedroom 1-Bath apartments that host an additional office space in each unit. The property also features a generous backyard area and a basement level with dimensions of 19 feet by 35 feet, the total square footage stands at an impressive 2,660 ft.², promising ample space for tenants and lucrative returns for investors. The best value yet is there is an additional 3,086 ft.² of unused FAR available to add on.<br>Highlights & Values:<br>• Optimal Flexibility: The property will be delivered 100% vacant, allowing potential owners to tailor the space according to their preferences and investment goals.<br>• Prime Location: Centrally located in East Harlem, this property sits at the nexus of convenience and charm. The iconic East River Plaza, home to Costco, Marshalls, Old Navy, Aldi & more is a stone’s throw away. This neighborhood offers a vibrant mix of shopping, dining, and entertainment options.<br>• Efficient Transit & Connectivity: Benefit from seamless transportation options, making daily commutes and leisurely travels equally convenient. <br>• Solid Income Potential: Given its size, location, and unit mix, this property is poised to provide a steady and significant income stream, making it a coveted asset for those looking to bolster their real estate portfolio.<br>Take the plunge into East Harlem's real estate market with this gem, perfectly positioned to offer both charm and profitability. Discover the allure of Harlem and the promise of a sound investment.

Property Details

Property Features

Property Information:

  • Architectural Style: Prewar, Walk-Up
  • Year Built: 1900
  • Living Area: 2,660 SqFt

Listing Office:

  • Office Name: Coldwell Banker Reliable Real Estate NYC
  • Office Phone: (718) 921-3100
  • Listing Agent: Jo-Sar Davis-Dacio
  • Agent Phone: (646) 721-4779

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,700,000
  • Price Per SqFt: $639/SqFt
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$850.1K

Med. Price/SqFt

$667

Avg. Days On Market

85

# of Sold Homes

1747

439 E 116th St vs New York

285 DAYS ON ROCKET

+200 Days

$1,700,000

+$849.8K More

$639/SqFt

-$29 Less

KEY TAKEAWAY

This property is $849.8K more than the Median Sold Price and $29/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #OLRS-00010097108

Listing Office:

  • Office Name: Coldwell Banker Reliable Real Estate NYC
  • Office Phone: (718) 921-3100
  • Listing Agent: Jo-Sar Davis-Dacio
  • Agent Phone: (646) 721-4779

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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/22/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$8,552

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,163

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-976044
2
/10
  • P.S. 155 William Paca School

  • 319 E 117th St

  • 0.17 miles

  • Public District Grades KG-5

school-card-donut-976045
4
/10
  • River East Elementary School

  • 2351 1st Ave

  • 0.25 miles

  • Public District Grades PK-5

school-card-donut-976046
7
/10
  • P.S. 83 Luis Munoz Rivera School

  • 219 E 109th St

  • 0.45 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,020. The most common annual income of people living in New York, NY is less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesNew YorkNew York10029439 E 116th St

This home is located at 439 E 116th St in New York City, NY and zip code 10029 in the East Harlem neighborhood. This 2,660 square foot home was built in 1900. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $1,700,000.

While more than 220 listings in New York, NY in November 2024 were sold above asking price, there were more than 769 listings sold at asking price, and more than 758 were sold below. The number of listings in New York, NY decreased by 7.2% between October 2024 and November 2024. The median list price of listings available in November 2024 was $850,115, while the average time on the real estate market was 85 days.

From Rocket Homes Real Estate and based on county public records data.

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