--- title: "172 East 112th Street, New York City, NY 10029" description: "172 East 112th Street, New York City, NY 10029 — East Harlem, New York City, NY. Listing Price $3,240,000. 18 bed, 18 bath, 1,875 sqft Illustrative Buyer Commission Share of $48,600 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10029/172-east-112th-street-ny-10029" source: "Real Estate Rebate Team" dateModified: "2026-10-28T14:58:50.403Z" status: "Active" --- # 172 East 112th Street, New York City, NY 10029 East Harlem, New York City, NY Courtesy of Douglas Elliman Real Estate Last updated: October 28, 2026, 10:58 AM ## At a Glance - **Listing Price**: $3,240,000 - **Beds**: 18 - **Baths**: 18 - **Sqft**: 1,875 - **Monthly Taxes**: $6,957 / mo - **Price per Sqft**: $1,728 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares up to 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $3,240,000 - **Illustrative Buyer Commission Share**: -$48,600* - **Illustrative Net Cost**: $3,191,400 *Illustrative Buyer Savings of $48,600 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (6) ![172 East 112th Street, New York City, NY 10029 — photo 1 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e04f49c2-c6ec-4103-9064-50f0bd0cbbdd.jpg) ![172 East 112th Street, New York City, NY 10029 — photo 2 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8dc12513-4b1c-4ccf-a4aa-6faa50021f48.jpg) ![172 East 112th Street, New York City, NY 10029 — photo 3 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2a74393a-628d-4c0a-84e8-d94079170d57.jpg) ![172 East 112th Street, New York City, NY 10029 — photo 4 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7f8b25ce-395f-43bb-a1c9-a3107207e20c.jpg) ![172 East 112th Street, New York City, NY 10029 — photo 5 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c54ee16b-232d-4795-82b1-86abc06a6045.jpg) ![172 East 112th Street, New York City, NY 10029 — photo 6 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9c7a1e7e-0118-4c34-b0a7-4ff13b5c5aa4.jpg) ## Property Overview 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 ## Property Details - **Property Type**: Mixed Use - **Beds**: 18 - **Baths**: 18 - **Rooms**: 54 - **Sqft**: 1,875 sqft - **Stories**: 5 - **Year Built**: 1910 - **Price per Sqft**: $1,728 - **Monthly Taxes**: $6,957 / mo - **Listed On**: Aug 12, 2026 - **Days on Market**: 83 Days ### Residence Features - In Unit - Smoke Free ## Estimated Monthly Payment **$23,340 / month**, assuming a 20% down payment ($648,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $16,383 - **Property Taxes**: $6,957 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Property Tax History Taxes at 172 East 112th Street were $83,869 in 2026, up 6.8% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $724,500 | $25,650 | $698,850 | $670,950 | $83,869 | 12.5% (estimated) | | 2025 (FY 2025/26) | $732,600 | $25,650 | $706,950 | $628,020 | $78,503 | 12.5% (estimated) | | 2024 (FY 2024/25) | $688,950 | $25,650 | $663,300 | $604,260 | $75,533 | 12.5% | | 2023 (FY 2023/24) | $673,200 | $25,650 | $647,550 | $571,770 | $71,483 | 12.502% | | 2022 (FY 2022/23) | $535,500 | $25,650 | $509,850 | $519,210 | $63,691 | 12.267% | | 2021 (FY 2021/22) | $509,850 | $25,650 | $484,200 | $484,110 | $59,231 | 12.235% | | 2020 (FY 2020/21) | $613,800 | $25,650 | $588,150 | $452,970 | $55,566 | 12.267% | | 2019 (FY 2019/20) | $526,500 | $25,650 | $500,850 | $399,420 | $49,820 | 12.473% | | 2018 (FY 2018/19) | $410,400 | $25,650 | $384,750 | $360,450 | $45,460 | 12.612% | | 2017 (FY 2017/18) | $360,000 | $25,650 | $334,350 | $344,970 | $43,877 | 12.719% | | 2016 (FY 2016/17) | $354,150 | $25,650 | $328,500 | $330,750 | $42,640 | 12.892% | | 2015 (FY 2015/16) | $346,050 | $25,650 | $320,400 | $312,480 | $40,257 | 12.883% | | 2014 (FY 2014/15) | $331,650 | $25,650 | $306,000 | $298,170 | $38,330 | 12.855% | | 2013 (FY 2013/14) | $333,000 | $25,650 | $307,350 | $282,420 | $37,124 | 13.145% | | 2012 (FY 2012/13) | $288,900 | $25,650 | $263,250 | $268,650 | $35,411 | 13.181% | | 2011 (FY 2011/12) | $262,800 | $25,650 | $237,150 | $277,920 | $37,333 | 13.433% | | 2010 (FY 2010/11) | $274,500 | $25,740 | $248,760 | $267,750 | $35,753 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 1016390042. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 172 East 112th Street East Harlem · Mixed Use 172 East 112th Street, New York, NY 10029 A building in East Harlem, currently featuring 1 active listing. - **Year Built**: 1910 - **Active Units**: 1 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/172-east-112th-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10029/172-east-112th-street-ny-10029) | 18 | 18 | 1,875 sqft | $1,728 | $3,240,000 | Douglas Elliman Real Estate | Aug 12, 2026 | 83 days | ## East Harlem Overview of East Harlem [Explore East Harlem](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby East Harlem - [Randall's Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/randall-s-island) - [Morningside Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/morningside-heights) - [Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/harlem) - [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park) ## Related Links - [172 East 112TH Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/172-east-112th-street) - [East Harlem neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.