2197 3rd Ave - Commercial LAND FOR SALE


New York, NY 10035- East Harlem | 9,583 SF
$18,000,000 USD
2197 3rd Ave, New York, NY for Sale
$18,000,000 USD
Commercial LAND - FOR SALE
1/4
9,583 SF

2197 3rd Ave
New York, NY 10035
East Harlem


HIGHLIGHTS

  • 421A-approved and extended ground-up development opportunity which can be delivered with approved plans located in the heart of East Harlem, Manhattan
  • The property consists of a 9,300 SF lot with for a total zoning floor area of 105,590 SF as-of-right—98,300 SF designated for residential.
  • 5,842 square foot designated for commercial use and 1,447 square foot for a community facility.
  • The plans call for a 141-unit mixed-use building consists of 51 studios, 63 one-bedrooms, 25 two-bedrooms, one commercial space & community facility.
  • Ideally situated near the 3 Ave - 138 St [6] Subway Station, offering convenient access to Midtown and other parts of Manhattan.

OVERVIEW

Asset CRG Advisors has been exclusively retained to market 2197 3rd Ave, New York, NY 10035, a 421a development opportunity in the heart of East Harlem, Manhattan. The property consists of a 9,300 SF lot and can be delivered with approved plans for a 105,590 buildable SF as-of-right mixed-use building. The zoning breakdown includes 98,300 SF for residential use, 5,842 SF for commercial use, and 1,447 SF for a community facility. Approved plans call for 139 residential units, featuring 51 studio apartments, 63 one-bedroom apartments, and 25 two-bedroom apartments. The project also includes a 5,842 SF commercial space and a 1,447 SF community facility. A total of 34 units will be designated as affordable housing. Located near the 3 Ave - 138 St [6] Subway Station, the site provides excellent connectivity to Midtown and other parts of Manhattan. This shovel-ready project presents a prime opportunity for developers.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/ACRE

$81,818,182/AC

PRICE/SF

$1,878 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

421A Eligible Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.22 AC

LAND SF

9,583 SF

OFFSITE IMPROVEMENTS

-

ZONING

C4-6

APN/PARCEL ID

1784-0045

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info

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