Corner Mixed-Use Portfolio with Long-Term Development Potential | 76k Buildable Square Feet

Highlights:

• Strategic Manhattan Location: Prime investment opportunity featuring a contiguous property footprint situated at 2256 3rd Avenue and 2258-2260 3rd Avenue in a high-demand pocket of New York, NY (10035).
• Substantial Existing Asset Footprint: Features a combined existing structure footprint of 25,200 gross building square feet distributed across the properties (4,725 SF at 2256 3rd Ave and 20,475 SF at 2258-2260 3rd Ave), providing immediate scale and asset footprint.
• Significant Long-Term Development Capacity: The combined 3rd Avenue footprint holds an impressive 75,920 maximum buildable square feet across a total lot footprint of 7,592 square feet, unlocking substantial future redevelopment scale under Mandatory Inclusionary Housing (MIH) guidelines.
• Significant Unused Air Rights: Immediate project flexibility with 50,720 square feet of available air rights across the two properties to maximize future vertical development.
• Current Unit Configuration: Configured with 9 total existing units, consisting of 7 commercial spaces (1 at 2256 3rd Ave; 6 at 2258-2260 3rd Ave) and 2 residential units (both located at 2256 3rd Ave).
• High-Density Zoning Profile: Exceptional zoning benefits from favorable C4-6 / EHC (MIH) designations, enabling a strong Floor Area Ratio (FAR) potential of up to 10.00 to optimize long-term design layouts.
• Transit and Accessibility: Excellent commuter convenience with immediate access to major Manhattan transportation networks, including the 4, 5, and 6 subway lines at the nearby 125th Street / Lexington Avenue station and the Metro-North Railroad station at 125th Street, alongside multiple local M101, M102, and M103 bus routes running directly along Third and Lexington Avenues.
• Vibrant Location and Neighborhood: Situated in a rapidly evolving corridor of East Harlem, the site is surrounded by a rich mix of local retail hubs, diverse dining options, and public community parks, placing future development directly in the path of ongoing residential demand.

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