Aaron of Horvath & Tremblay sells 16-unit multi-family for $1.8 million
Manhattan, NY Robert Aaron of Horvath & Tremblay completed the sale of 170 E 104th St. Horvath & Tremblay exclusively represented the seller and procured the buyer. The asset sold for $1.8 million.
The four-story multi-family building contains 16 units comprised of 12 studio units and four, one-bedroom/one-bathroom units in 6,509 s/f on a 2,523 s/f parcel. The property also offers 1,060 s/f of air rights. The building is separately metered for electricity which the tenants pay directly, and the landlord is responsible for gas fired heat and hot water and domestic water and sewer.
The property features five “free market” residential units and 11 “rent stabilized” units.
170 E 104th St. is situated on the south side of E 104th St. between Third Ave. and Lexington Ave.
The property has access to the MTA bus line, several subway stations, FDR Dr., I-278 and I-95, and the Third Ave., Willis Ave., and RFK Bridges.
The property is 0.4 miles from Central Park and 0.7 miles from Thomas Jefferson Park and has access to area amenities including restaurants, retailers, businesses, and service tenants. The property is close to several area schools and is convenient to Columbia University, Hunter College, and Randalls Island, and near neighborhoods including the Upper East Side and Upper West Side.