---
title: "172 East 112TH Street, New York, NY 10029"
description: "172 East 112TH Street, New York, NY 10029 — NYC real estate listing on Real Estate Rebate Team. Priced at $3,240,000. Est. potential buyer savings up to $81,000 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10029/172-east-112th-street-ny-10029"
source: "Real Estate Rebate Team"
---

# 172 East 112TH Street, New York, NY 10029

> **Listing Courtesy of:** Douglas Elliman Real Estate

## Description

172 East 112th Street presents a 20-unit mixed-use investment 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

## Property Details

- **Price**: $3,240,000
- **Potential Buyer Rebate**: $81,000
- **Bedrooms**: 18
- **Bathrooms**: 18
- **Living Area**: 1,875 sqft
- **Property Type**: Residential
- **Year Built**: 1910
- **Building**: 172 East 112TH Street
- **Neighbourhood**: East Harlem
- **Area / Borough**: Manhattan
- **Subdivision**: East Harlem
- **Listing Office**: Douglas Elliman Real Estate
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$81,000** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/172-east-112th-street)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/east-harlem)
- [Estimate your Buyer Commission Share and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> This 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.