East Harlem Boutique Development Opportunity - up to 30,000 BSF

Highlights:

• Development Potential: C4-6 zoning allows for approximately 25,000 BSF as-of-right, with up to 30,000 BSF possible with bonuses.
• Strong Corridor Momentum: Located along a rapidly growing stretch of 3rd Avenue with active new construction.
• Transit Access: Steps to E 116 St(6) and near E 125 St (4/5/6), plus future 2nd Ave Subway extension.
• National Retail Nearby: Neighboring TD Bank, McDonald’s, and Rite Aid along an established retail corridor.
• Manageable Scale: Benchmarks at 2162 ($146/BSF sold) and 2197 3rd Ave($170/BSF contract) offering superior financing flexibility.
• Prime East Harlem Development Site: Boutique-scale opportunity suited for private or institutional investors.

Description:

2169 3rd Avenue offers a boutique development opportunity in East Harlem, currently improved with a 5,000 SF single-story building, including basement. The property is zoned C4-6 (R10 equivalent) and allows for approximately 25,000 buildable square feet as-of-right, with up to 30,000 buildable square feet with bonuses, subject to Mandatory Inclusionary Housing. Situated on a 2,500 SF lot with 25 feet of frontage along 3rd Avenue, the site benefits from strong transit access, active corridor momentum, and surrounding national and neighborhood retail.

All information is from sources deemed reliable but is not guaranteed and is subject to errors, omissions, change in price, terms, or withdrawal without notice. Buyer is responsible for independently verifying all zoning, FAR, ZFA, and development potential with their own architect, attorney, and other professional advisors.

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