For Sale · Listing by Douglas Elliman Real Estate
172 E 112TH Street
East Harlem, Manhattan
$3,240,000
172 E 112TH Street
MLS® #RLS20108913
Listing by Douglas Elliman Real Estate
- 18
- Bedrooms
- 18
- Baths
- N/A
- Sq. Ft.
- 1910
- Year Built
Quick Summary
Property Highlights
- Views: Other
- Character: Pre-war building (1910)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Aug 12, 2026 | $3,240,000 | - |
| Currently | Oct 29, 2026 | $3,240,000 | - |
Description
20-Unit Mixed-Use Investment Opportunity Asking Price: $3,240,000 Current Actual NOI: $252,229.96 Current Cap Rate: 7.78% Pro Forma NOI: $282,229.96 Pro Forma Cap Rate: 8.71% Price Per Unit: $162,000 PROPERTY COMPOSITION Residential: 18 Rent-Stabilized Apartments Occupied Residential: 17 Apartments Currently Vacant Residential: 1 Apartment - 2D Commercial: 2 Ground-Floor Retail Stores Total Units: 20 PROPERTY DESCRIPTION Douglas Elliman has been retained on an exclusive basis to arrange the sale of 172 East 112th Street, a 20-unit mixed use investment property located in East Harlem, Manhattan. The property consists of 18 rent-stabilized residential apartments and two ground-floor retail stores. Seventeen residential apartments are currently occupied, while Apartment 2D is currently vacant. Apartment 2D is currently undergoing renovation, with ownership anticipating completion in approximately one month and projecting a rent of approximately $2,500 per month upon completion. Both ground-floor commercial spaces are fully occupied under long-term leases, providing an established commercial income stream. At the asking price of $3,240,000, the property offers a 7.78% capitalization rate based on current actual NOI of$252,229.96, with no income attributed to the currently vacant Apartment 2D. INVESTMENT HIGHLIGHTS 7.78% CAP RATE ON CURRENT ACTUAL INCOME The property generates approximately $430,450 in current annual gross operating revenue and $252,230 incurrent NOI, providing a 7.78% capitalization rate at the asking price. The current NOI includes $0 income from Apartment 2D, providing additional potential upside. ONE CURRENTLY VACANT APARTMENT PROVIDES ADDITIONAL UPSIDE Apartment 2D is currently undergoing renovation, with ownership projecting a rent of approximately $2,500 per month upon completion. Based on ownership's projected rents, the property has a pro forma NOI of approximately $282,230, representing an 8.71% pro forma capitalization rate at the asking price. LONG-TERM COMMERCIAL INCOME Unit 1C - West Store: $2,800/month through July 6, 2031. Ownership's rent roll indicates an increase of $70 per month each year. Unit 1D - East Store: $1,800/month through December 30, 2041. FINANCIAL SUMMARY Current Actual Gross Operating Revenue: $430,449.96 Operating Expenses: $178,220.00 Current Actual NOI: $252,229.96 Current Cap Rate: 7.78% Pro Forma Gross Operating Revenue: $460,449.96 Operating Expenses: $178,220.00 Pro Forma NOI: $282,229.96 Pro Forma Cap Rate: 8.71% Pro Forma Assumptions Apartment 2D: $2,500/month projected Total Additional Projected Income: $30,000/year YEARLY OPERATING EXPENSES Real Estate Taxes: $83,485.00 Insurance: $17,207.00 Con Edison - Gas, Heat & Electricity: $28,260.00 Water: $27,752.00 Superintendent: $13,800.00 Exterminator: $1,716.00 Repairs & Maintenance: $6,000.00 TOTAL OPERATING EXPENSES: $178,220.0
Features & Amenities
Interior Features
Exterior Features
Building Amenities
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 colorful murals and the historic La Marqueta, the area features a growing number of new residential developments alongside historic buildings. 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
65
Median Asking Price
$775K
Median $/Sqft
$835
Avg Days on Market
N/A
New This Week
3
Price Reduced
32%
Sold (30 Days)
9
Median Sale Price
$795K
Live data from RLS at REBNY • Updated 10/28/26, 10:27 PM EST
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Location
172 E 112TH Street, East Harlem, New York County
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
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Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
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.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed annual property tax is $83,484, or roughly $6,957 per month. Verify the current assessment with your attorney before closing.
This property has 18 bedrooms and 18 full bathrooms.
According to MLS records, the building was constructed in 1910, making it approximately 116 years old.
This listing is None
Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
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(917) 416-7433Listing 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.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works
RLS Data display by Keller Williams NYC. Data last updated on 10/29/2026 at 2:27 AM UTC
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Sale history, taxes, violations and comps for this unit
Before you bid
Pre-Offer Report: 172 E 112TH Street
At $3,240,000, the listing leaves out what decides the offer: the recorded sale history, the tax and abatement picture, open building violations and permits, and the closed sales that set the price. Milton prepares the report from public records. No obligation.
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- 1Milton emails you today.
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- 3The agreement arrives electronically after the call. Then showings.
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Quick Facts
Monthly Costs Estimate
$648,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
Mansion tax applies at this price point
New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $3M to $4,999,999 at 1.50%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$48,600
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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