CBRE has been retained on an exclusive basis to arrange the sale of 2252 Third Avenue, (“the Property”), a 50’ wide residential development site with a commercial overlay located in the newly rezoned section of East Harlem. Situated on the west side of Third Avenue and just south of 125th Street, the Property offers tremendous assemblage and development opportunities. The site is newly upzoned from a 4.0 FAR with a 85-foot maximum building height to a 10.0 FAR with a 235-foot maximum building height. The site is currently improved by a 3-story structure that is built to the line on the 100-foot-deep lot. The Property is currently owner-occupied with the ability to be delivered vacant. The current 2252 Third Avenue is a unique asset due to its mid-block location adjacent to three other potential, same-zoned, assemblage sites. New ownership will have the flexibility to maintain the as-is retail asset for future redevelopment, develop the site or sell off the remaining air rights. Public transportation is easily accessible via the Subway and both Metro-North Railroad lines at 125th Street and numerous bus lines that feed directly into mid and downtown Manhattan and the Bronx.