1941-1943 Madison Ave - Apartments FOR SALE


New York, NY 10035- East Harlem
$20,000,000 USD
347-935-7382
1941-1943 Madison Ave, New York, NY for Sale
$20,000,000 USD
Apartments - FOR SALE
1/4
null | 5% Cap Rate

1941-1943 Madison Ave
New York, NY 10035
East Harlem


HIGHLIGHTS

  • Corner Property
  • Additional 24,000 Sq Ft

OVERVIEW

Discover a unique development opportunity in East Harlem! This assemblage of three commercial building sits in a prime location, perfectly positioned for mixed-use or retail development. With multiple floors and flexible space options, the building allows for a creative redesign to suit various business needs. This property is surrounded by high-traffic areas, residential developments, and established retail spaces, ensuring a steady flow of foot traffic and visibility. Close to public transit and main thoroughfares, it’s ideal for businesses looking to establish a presence in the vibrant East Harlem neighborhood. Don’t miss out on this chance to invest in one of Manhattan’s most dynamic areas with strong growth potential. The property is currently fully leased out and income producing with the yearly leases and demolition clauses in the leases. Key Highlights: • Location: Prime East Harlem, Manhattan • Zoning: Flexible for mixed-use development • Proximity: Near public transportation and busy shopping areas • Potential Uses: Retail, office space, residential above retail • Development Opportunity: Total square footage 46,992 Sq Ft

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$890 USD /SF

# OF UNITS

10

PRICE/UNIT

$2,000,000

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Convenience Store, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

C4-4D

APN/PARCEL ID

1749-0050

ASK ABOUT THIS PROPERTY

Vasilis PyrposAstoria RealtyMore Info
347-935-7382

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Vasilis PyrposAstoria RealtyMore Info
347-935-7382

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