646-457-8634
115 E 106th St, New York, NY for Sale
Churches - FOR SALE
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115 E 106th St
New York, NY 10029
East Harlem


HIGHLIGHTS

  • 19,445-square-foot 5 story religious and community facility configuration situated on a 6,728-square-foot lot
  • Approximately 20,184 zoning square feet at 3.0 FAR
  • Potential for approximately 26,239 zoning square feet at 3.90 FAR
  • Potential for residential, healthcare, educational, nonprofit occupancy
  • Additional affordable-housing density potential under UAP

OVERVIEW

Douglas Elliman Commercial has been exclusively retained to offer for sale 115–119 East 106th Street, a rare institutional and redevelopment opportunity in the heart of East Harlem. The property consists of an approximately 6,728-square-foot lot improved with an approximately 19,445-square-foot religious/community facility. Zoned R7B, the property offers multiple potential paths for a purchaser, including continued institutional or community-facility use, healthcare, educational or nonprofit occupancy, and residential redevelopment. The site offers approximately 20,184 zoning square feet of conventional development potential at 3.0 FAR, with potential for approximately 26,239 zoning square feet at 3.90 FAR utilizing qualifying affordable-housing provisions under the Universal Affordability Preference (UAP), subject to purchaser verification and applicable requirements. The property's combination of an existing institutional facility, residential redevelopment potential and additional affordable-housing density creates a compelling opportunity for residential and affordable-housing developers, healthcare organizations, educational and community-service providers, nonprofit institutions, religious organizations and mission-driven developers. Located in an active East Harlem development corridor with convenient access to public transportation, healthcare institutions and neighborhood amenities, 115–119 East 106th Street represents a distinctive opportunity to acquire a substantial Manhattan property with both immediate-use and long-term redevelopment potential.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R7B

APN/PARCEL ID

1634-0009

ASK ABOUT THIS PROPERTY

Steven LlorensDouglas EllimanMore Info
646-457-8634

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Steven LlorensDouglas EllimanMore Info
646-457-8634

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.