New York, NY 10029
- Sq. Ft: 53,121
- Residential Units: 53
- Price Per Sq. Ft: $216.50
John J. Stewart & Associates of Marcus & Millichap was the exclusive sales broker for 334-348 East 105th Street, a two-building apartment complex between First and Second Avenues in East Harlem.
The subject property measures 53,121 square feet, sits on five R7A-zoned lots which total 165 feet by 100 feet and includes two buildings. The larger building, 340-348 East 105th Street, measures 108 feet by 88 feet; the smaller building, 334 East 105th Street, measures nineteen feet by eighty-four feet. There is a 37.5-foot by 100-foot garden-style lot in between the two buildings that serves as the entranceway to the complex. The subject property is neither landmarked nor part of an historic district.
The subject property contains fifty-three rent stabilized apartments. 340-348 East 105th Street has an elevator and contains forty-two units (seven one-bedrooms, twenty-nine two-bedrooms and six three-bedrooms). 334 East 105th Street is a walk-up and contains eleven units (six one-bedrooms and five studios).
The buildings have received a J-51 tax abatement since 1991 and will phase out in 2025. In addition, a regulatory agreement is in place until September 2020.