67 Income-Producing Units — 59 residential apartments and 8 retail storefronts

67-Unit Mixed-Use Investment | 8.51% Cap Rate | $16,000,000

The Agency Commercial Division is pleased to exclusively present 101–111 Dyckman Street, a substantial mixed-use investment opportunity prominently positioned along Dyckman Street, one of Northern Manhattan’s most active commercial corridors.

This five-story, two-building property encompasses approximately 52,959 square feet, featuring 59 residential apartments and 8 ground-floor retail storefronts situated on a highly visible 15,500-square-foot corner parcel at Dyckman Street and Nagle Avenue.

Offered at $16,000,000, the property generates approximately $2.05 million in gross annual income and $1.36 million in reported net operating income (NOI), representing an attractive 8.51% in-place capitalization rate.

A distinguishing characteristic of this investment is its diversified income structure. The eight commercial storefronts generate approximately $978,153 annually, accounting for 48% of total base rental income, while the 59 residential apartments provide a substantial recurring income stream.

Investment Highlights

• Asking Price: $16,000,000
• In-Place Cap Rate: 8.51%
• Reported Annual NOI: $1,361,894
• Gross Annual Income: $2,053,960
• Total Units: 67 (59 Residential / 8 Retail)
• Building Area: Approximately 52,959 SF
• Lot Size: 15,500 SF (155′ × 100′)
• Price Per SF: Approximately $302
• Price Per Unit: Approximately $238,806
• Zoning: C4-4
• Opportunity Zone: Located within a designated Opportunity Zone tract
• Year Built: 1930

Strategic Location & Connectivity

Located in the heart of Inwood, the property benefits from exceptional street visibility, established neighborhood retail activity, and convenient access to Manhattan’s extensive transportation network.

The property is approximately 0.1 mile from the 1 subway line and 0.3 mile from the A subway line, with convenient access to Harlem River Drive and Interstate 87.

Dyckman Street serves as a major neighborhood shopping, dining, and commercial destination, supported by a dense surrounding residential population and ongoing neighborhood investment.

Long-Term Investment Opportunity

With ownership dating back to 2010, this offering presents an opportunity to acquire a substantial, income-producing Manhattan asset at an attractive going-in yield.

The combination of residential income, eight commercial storefronts, prominent corner positioning, and potential long-term retail lease appreciation creates a compelling opportunity for multifamily investors, mixed-use operators, family offices, and 1031 exchange purchasers.

Additional financial information, leases, rent roll, and property tours are available to qualified purchasers following submission of a signed LOI, proof of funds, and executed NDA.

All inquiries and showings must be coordinated exclusively through The Agency Commercial Division. Please do not contact ownership, tenants, or building staff.

Financial information provided by ownership and subject to independent purchaser verification. Pro forma projections are not guaranteed.