.avif)
Successful Sale of 169 East 105th Street in East Harlem, Manhattan
Bob Knakal successfully arranged the sale of 169 East 105th Street, a five-story walk-up building located in East Harlem, Northern Manhattan. The 11-unit multifamily asset sold for $2,150,000 to ABJ Properties on May 25, 2017. The building presented a strong long-term investment opportunity in a submarket undergoing steady transformation and renewed residential demand.
This sale reflects the continued appeal of well-located walk-up buildings in evolving Manhattan neighborhoods, particularly for investors seeking upside through hands-on asset management or potential renovation strategies.
Walk-Up Building Sales - For the complete list click here Walk Up Buildings
Sale Details
The transaction closed at a price of $2,150,000, equating to approximately $223.96 per square foot over a total 9,600 SF building footprint.
Key deal highlights:
- Sale Price: $2,150,000
- Price per SF: $223.96
- Buyer: ABJ Properties
- Seller: Gladys Martinez
- Asset Class: Multifamily – Walk-Up
- Sale Date: May 25, 2017
- Number of Units: 11
- Stories: 5
Property Details
Located midblock on East 105th Street between Lexington and Third Avenues, 169 East 105th Street offers residents direct access to the 6 train at 103rd Street, making it an attractive location for renters seeking affordability with connectivity to Midtown.
Full Address: 169 East 105th Street, New York, NY 10029
Zoning: R7B
Neighborhood: East Harlem
Borough: Manhattan
Investment Highlights:
- Five-story, 11-unit walk-up building
- Total lot size: 2,523 SF
- Building square footage: 9,600 SF
- Excellent access to public transit (103rd Street subway)
Market Strategy and Positioning
The sale of 169 East 105th Street underscores a broader trend in investor focus toward value-add multifamily opportunities in Manhattan submarkets north of 96th Street. With East Harlem’s increasing residential stability, investors like ABJ Properties continue to seek underutilized assets with strong long-term appreciation potential. The building’s current unit count and structure provide a foundation for future income optimization.
Neighborhood Overview
East Harlem continues to emerge as a vibrant residential destination with increasing attention from both private and institutional buyers. Known for its cultural diversity, the area combines a strong sense of community with growing retail and amenity offerings.
Neighborhood highlights:
- Close proximity to Central Park and Museum Mile
- Convenient subway access via the 6 train
- Ongoing new development and infrastructure investment
- Diverse local food and cultural scene
Conclusion
The sale of 169 East 105th Street reinforces the strength of demand for walk-up multifamily assets in prime Northern Manhattan locations. With Bob Knakal’s strategic advisory and transactional expertise, the seller successfully capitalized on favorable market conditions and achieved a clean and efficient sale.
Learn More About New York Real Estate
Explore our exclusive online magazine to discover remarkable New York real estate deals and Success Stories from the city and surrounding areas.
Frequently Asked Questions
Q1: How many units are in the building at 169 East 105th Street?
There are 11 residential units in the five-story walk-up.
Q2: What made this building appealing to the buyer?
Its location in a transforming neighborhood, strong transit access, and potential for value enhancement made it an attractive investment.
Q3: What was the price per square foot for this property?
The sale achieved a price of approximately $223.96 per square foot.
