334 East 106th Street, New York, NY 10029

Executive Summary

GREAT INVESTMENT OPPORTUNITY – BELOW MARKET VALUE WITH SIGNIFICANT RENTAL UPSIDE! MAKE IT YOURS TODAY

Mixed-Use Property in One of NYC’s Most Culturally Vibrant & Rapidly Growing Neighborhoods

Unlock the full potential of East Harlem with this fully occupied, income-generating 4-story mixed-use property, strategically positioned in one of Manhattan’s most exciting growth corridors. Located just minutes from Central Park, Yorkville, and major transit lines, this 1920-built asset blends timeless character with substantial income growth potential.

Property Overview

Address: 334 E. 106th St, New York, NY

Total Size: 5,092 sq. ft.

Lot Size: 2,523 sq. ft.

Zoning: R7A with additional air rights for future development

Configuration

Ground-floor commercial retail (currently a barbershop and candy store)

Six (6) 2-bedroom, 1-bath residential units above

Occupancy: 100% – immediate, stable cash flow

Why 334 E. 106th St is a Smart Investment

Clear Rental Upside – Below Market Rents

Current residential rents are in the low $2,000s per unit. Comparable 2-bedroom units in the area are achieving approximately $3,100 – $4,500/month, move-in ready

This creates a substantial gap between in-place income and market potential, offering investors the opportunity to increase revenue over time and significantly improve returns

Strong Rental Demand

East Harlem continues to see consistent tenant demand driven by location, transit, and neighborhood growth

2-bedroom layouts remain highly desirable for both families and shared living

Turnkey with Built-In Value Add

Fully occupied = day-one income

Opportunity to strategically reposition rents as leases turn over, without requiring major capital improvements

Development Flexibility

R7A zoning + air rights provide future expansion or redevelopment potential

Neighborhood on the Rise

Benefit from ongoing revitalization, new development, and increasing property values

Location Highlights

Steps to the 6 Train for seamless Midtown access

Minutes from Central Park and Museum Mile

Near El Museo del Barrio and the Museum of the City of New York

Close to Yorkville’s dining, shopping, and nightlife

Surrounded by new developments and major investment projects

Bottom Line

With current rents in the low $2,000s and market rents ranging from $3,100 to $4,500, this property offers a compelling value-add opportunity in a high-demand Manhattan submarket. Investors can benefit from immediate cash flow today and meaningful income growth over time.

Don’t Miss This Opportunity

East Harlem is transforming—secure your position now while a true rent upside opportunity still exists.

Schedule a tour or request full financials today!