--- title: "323 East 116th Street, New York City, NY 10029" description: "323 East 116th Street, New York City, NY 10029 — Multi Family Brownstone in East Harlem, Manhattan, NY. Listing Price $2,450,000. 6 bed, 6 bath, 4,760 sqft Illustrative Buyer Commission Share of $36,750 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10029/323-east-116th-street-ny-10029" source: "Real Estate Rebate Team" status: "Active" --- # 323 East 116th Street, New York City, NY 10029 Multi Family Brownstone in East Harlem, Manhattan, NY Courtesy of Brown Harris Stevens Residential Sales LLC ## At a Glance - **Listing Price**: $2,450,000 - **Beds**: 6 - **Baths**: 6 - **Sqft**: 4,760 - **Monthly Taxes**: $2,199 / mo - **Price per Sqft**: $515 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 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**: $2,450,000 - **Illustrative Buyer Commission Share**: -$36,750* - **Illustrative Net Cost**: $2,413,250 *Illustrative Buyer Savings of $36,750 — 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 (10) ![323 East 116th Street, New York City, NY 10029 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e11a0696-44a7-4024-b8be-05915cce64ad.jpg) ![323 East 116th Street, New York City, NY 10029 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6204ac07-ad9f-4a69-9723-02fbb3d5d25f.jpg) ![323 East 116th Street, New York City, NY 10029 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/13a25ef3-c60c-4bfb-8a81-bee28b400d7c.jpg) ![323 East 116th Street, New York City, NY 10029 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/18ece6d0-91ff-46ab-8e2f-c7106fc01276.jpg) ![323 East 116th Street, New York City, NY 10029 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e1bee1ba-6a2c-4fa2-9a69-063a0af62d7a.jpg) ![323 East 116th Street, New York City, NY 10029 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/64bb5507-a489-46a1-9901-eb0d0b980c94.jpg) ![323 East 116th Street, New York City, NY 10029 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2aa42b67-9af8-4a76-9f9e-98f4886d3f80.jpg) ![323 East 116th Street, New York City, NY 10029 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f4326031-8799-4e3e-ab2a-60d901f3a47a.jpg) ![323 East 116th Street, New York City, NY 10029 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bb362ec8-a262-4c95-bfc0-b0e6eb4bb3c3.jpg) ![323 East 116th Street, New York City, NY 10029 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0566ea02-350c-47f0-9c53-bbd3d52bccb0.jpg) ## Property Overview Exceptional Six-Unit Brownstone Investment Opportunity Rare opportunity to acquire a beautifully maintained income-producing brownstone offering strong in-place cash flow, timeless architectural character, and excellent long-term upside. The property 17X70 consists of six updated residential apartments, each with its own unique charm. The first-floor duplex features a private backyard and a versatile studio space, ideally suited for a live/work lifestyle-perfect for an artist, photographer, designer, or private professional practice. The second-floor apartment boasts a spacious private terrace overlooking the landscaped backyard, creating a peaceful outdoor retreat rarely found in city living. Every apartment has been thoughtfully updated while preserving the building's original character. Features include exposed brick walls, soaring ceilings, loft-like layouts with additional sleeping lofts or storage areas, oversized windows, decorative fireplaces, beautiful original wood doors, floor-to-ceiling mirrors, hardwood floors, and intricate wood moldings and trim throughout the living spaces. Each residence is filled with natural light and enjoys either tranquil garden views or charming tree-lined street views. The building currently generates approximately $197,800 in annual gross income from residential rents and additional income sources, providing stable cash flow with future upside as leases roll over. Based on the current income and operating expenses, the property offers an approximately 6% capitalization rate, presenting an attractive return compared to many traditional income-producing investments. Several leases extend into 2027, providing predictable income while offering future opportunities for rent growth. The property can be delivered vacant or with income-producing leases in place, offering exceptional flexibility for investors, owner-users, or those seeking a live/work opportunity. Additional highlights include: -Six residential apartments -Private backyard -First-floor live/work duplex with studio -Second-floor apartment with an oversized private terrace -On-site laundry providing additional income -Beautifully updated apartments with preserved architectural details -Attractive investment with strong current returns and long-term appreciation potential Ideally located near transportation, restaurants, shopping, parks, and neighborhood amenities, this is a rare opportunity to own a distinctive brownstone that combines historic charm, modern updates, and exceptional investment potential. The owner is currently in the process of obtaining an amended Certificate of Occupancy reflecting the conversion from four to six residential units. ## Property Details - **Property Type**: Multi Family - **Beds**: 6 - **Baths**: 6 - **Rooms**: 8 - **Sqft**: 4,760 sqft - **Stories**: 4 - **Year Built**: 1910 - **Price per Sqft**: $515 - **Monthly Taxes**: $2,199 / mo - **Listed On**: Jul 8, 2026 - **Days on Market**: 66 Days ### Residence Features - In Unit - Smoke Free ## Sales Evidence ### How this price compares The median closed price for comparable house sales in East Harlem is $1,995,000, based on 7 sales between December 2021 and June 2026. This home is asking $2,450,000, $455,000 above that median. The middle half of those sales closed between $1,760,000 and $2,425,000. - **Median closed price**: $1,995,000 - **Middle half**: $1,760,000 – $2,425,000 - **Based on**: 7 house sales in East Harlem - **Period**: December 2021 – June 2026 - **Median $/ft²**: $517/ft² Across the 5 of these sales with a published asking price, the median closed at 85.9% of what it originally asked. 100% of them closed below the original ask. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across East Harlem. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sold vs original ask**: 85.9% of the original ask - **Closed below ask**: 100% of 5 sales - **Listed → in contract**: 162 days (about 23 weeks) - **In contract → closed**: 103 days (about 15 weeks) Across the 5 of these sales with a published asking price, the median closed at 85.9% of what it originally asked. 100% of them closed below the original ask. Half of these homes were in contract within 162 days (about 23 weeks) of coming to market, based on the 7 with a recorded listing date. Once a deal was agreed, closing took a further 103 days (about 15 weeks), based on the 7 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 7 house sales in East Harlem, December 2021 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 323 East 116TH Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/323-east-116th-street) ## Property Tax History Taxes at 323 East 116th Street were $26,521 in 2026, up 8.0% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $454,500 | $171,000 | $283,500 | $212,167 | $26,521 | 12.5% (estimated) | | 2025 (FY 2025/26) | $393,750 | $171,000 | $222,750 | $196,451 | $24,556 | 12.5% (estimated) | | 2024 (FY 2024/25) | $409,950 | $171,000 | $238,950 | $183,459 | $22,932 | 12.5% | | 2023 (FY 2023/24) | $356,850 | $171,000 | $185,850 | $171,431 | $21,432 | 12.502% | | 2022 (FY 2022/23) | $389,250 | $171,000 | $218,250 | $169,612 | $20,806 | 12.267% | | 2021 (FY 2021/22) | $400,500 | $171,000 | $229,500 | $163,205 | $19,968 | 12.235% | | 2020 (FY 2020/21) | $431,550 | $171,000 | $260,550 | $151,116 | $18,537 | 12.267% | | 2019 (FY 2019/20) | $418,500 | $171,000 | $247,500 | $141,122 | $17,602 | 12.473% | | 2018 (FY 2018/19) | $131,870 | — | — | $131,870 | $16,631 | 12.612% | | 2017 (FY 2017/18) | $130,471 | — | — | $130,471 | $16,595 | 12.719% | | 2016 (FY 2016/17) | $125,542 | — | — | $125,542 | $16,185 | 12.892% | | 2015 (FY 2015/16) | $116,243 | — | — | $116,243 | $14,976 | 12.883% | | 2014 (FY 2014/15) | $108,556 | — | — | $108,556 | $13,955 | 12.855% | | 2013 (FY 2013/14) | $101,439 | — | — | $101,439 | $13,334 | 13.145% | | 2012 (FY 2012/13) | $100,363 | — | — | $100,363 | $13,229 | 13.181% | | 2011 (FY 2011/12) | $96,571 | — | — | $96,571 | $12,972 | 13.433% | | 2010 (FY 2010/11) | $89,418 | — | — | $89,418 | $11,940 | 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 1016880012. 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 ### 323 East 116th Street 323 East 116th Street, New York, NY 10029 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1910 - **Total Units**: 1 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/323-east-116th-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/10029/323-east-116th-street-ny-10029) | 6 | 6 | 4,760 sqft | $515 | $2,450,000 | Brown Harris Stevens Residential Sales LLC | Jul 8, 2026 | 66 days | ## Estimated Monthly Payment **$14,588 / month**, assuming a 20% down payment ($490,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $12,389 - **Property Taxes**: $2,199 Estimates only. Actual payments may vary. Confirm terms with your lender. ## 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 - [323 East 116TH Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/323-east-116th-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.