The Nassimi Group, as exclusive agent, is pleased to offer for sale this great development opportunity located in the heart of the newly up and coming East Harlem Corridor. The property has significant air rights with a residential FAR of 10, R-7A/C4-6 zoning allowing for a total of approx. 64,350 buildable square feet. This deal will also include a contiguous vacant lot located at 183 east 117th street with an additional 6,116 buildable square feet and which would allow for a separate entrance for any development on the side street. The current existing structure is a 2-story commercial building without lease holding tenant that will be delivered vacant. The site is subject to a mandatory inclusionary housing (MIH) zoning provision and Special district designation (EHC).
Any potential buyer should complete their own independent assessment of the sites potential and building requirements.