Development Opportunity and Contingent Vacant Lot

2148-2150 Third Avenue, New York, NY

Market Price

Price

Mixed Use

Development Type

9,895 sqft

Building Size

Overview
Development Type
Mixed Use
Building Size
9,895 sqft
Zoning
R7A, C4-6
Combined Buildable Area
70,466 sqft
Description

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.

Documents
Title
Offering Memorandum
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Location
Gallery