3835-3843 10th Ave Retail FOR SALE


New York, NY - Inwood
$21,000,000 USD
914-424-2314
, New York, NY for Sale
$21,000,000 USD
Retail - FOR SALE
1/16
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3835-3843 10th Ave
New York, NY
Inwood


HIGHLIGHTS

  • 3835-3843 Tenth Avenue, one of Northern Manhattan’s premier mixed-use development opportunities
  • 143,885 Buildable SF MIH Development Opportunity | 200' of Frontage
  • 2 contiguous development sites, each measuring approximately 99.92’ × 100’, with a combined 200 feet of frontage along Tenth Avenue
  • Located within a C2-4 / R8A zoning district, in a Mandatory Inclusionary Housing (MIH) area, each lot supports approximately 71,942 buildable sf
  • allowing for a combined development potential of approximately 143,885 buildable square feet
  • The properties may be acquired individually or together, flexibility to execute a phased development or a singlelarge-scale mixed-use project

OVERVIEW

Investment Property Realty Group (IPRG) has been retained on an exclusive basis to arrange the sale of 3835-3843 Tenth Avenue, one of Northern Manhattan’s premier mixed-use development opportunities. The offering consists of two contiguous development sites, each measuring approximately 99.92’ × 100’, with a combined 200 feet of frontage along Tenth Avenue. Located within a C2-4 / R8A zoning district, in a Mandatory Inclusionary Housing (MIH) area, each lot supports approximately 71,942 buildable square feet, allowing for a combined development potential of approximately 143,885 buildable square feet. The properties may be acquired individually or together, providing developers with the flexibility to execute a phased development or a single large-scale mixed-use project. The properties are currently improved with income-producing commercial tenants generating stable cash flow. The existing leases contain landlord demolition clauses, providing future owners with significant redevelopment flexibility while preserving in-place income. Located one block from the 207th Street 1 subway station, the Property benefits from exceptional transit accessibility, is located within a Qualified Opportunity Zone, and is positioned within one of Northern Manhattan’s most active redevelopment corridors. Since the Inwood rezoning, approximately 2,100 residential units have been completed, are under construction, or have been proposed, underscoring the neighborhood’s continued transformation and reinforcing long-term demand for new residential and mixed-use development.

ASK ABOUT THIS PROPERTY

Robert RappaInvestment Property Realty GroupMore Info
914-424-2314

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Robert RappaInvestment Property Realty GroupMore Info
914-424-2314

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