2197 3rd Ave - Commercial LAND FOR SALE


New York, NY 10035- East Harlem9,300 SF
$19,500,000 USD
646-363-6175
2197 3rd Ave, New York, NY for Sale
$19,500,000 USD
Commercial LAND - FOR SALE
1/4
9,300 SF

2197 3rd Ave
New York, NY 10035
East Harlem


HIGHLIGHTS

  • 421A-approved development opportunity with approved plans located in the heart of East Harlem, Manhattan.
  • The property consists of a 9,300 SF lot with approved plans for a total zoning floor area of 105,590 SF as-of-right—93,300 SF designated residential
  • Approved plans for 141-unit mixed-use building, 51 studio units, 63 one-bedroom, 25 two-bedroom units, one commercial space, and community facility.
  • The property benefits from a 421A tax abatement, capping taxes on the completed project.
  • Ideally situated near the 3 Ave - 138 St [6] Subway Station, offering convenient access to Midtown and other parts of Manhattan.

OVERVIEW

Asset CRG Advisors has been exclusively retained to market 2197 3rd Ave, New York, NY 10035, a 421a-approved development opportunity in the heart of East Harlem, Manhattan. The property consists of a 9,300 SF lot with approved plans for a 105,590 buildable SF as-of-right mixed-use building. The zoning breakdown includes 98,300 SF for residential use, 5,842 SF for commercial use, and 1,447 SF for a community facility Approved plans call for 139 residential units, featuring 51 studio apartments, 63 one-bedroom apartments, and 25 two-bedroom apartments. The project also includes a 5,842 SF commercial space and a 1,447 SF community facility. A total of 34 units will be designated as affordable housing. The property benefits from a 421a tax abatement, offering significant tax savings for investors. Located near the 3 Ave - 138 St [6] Subway Station, the site provides excellent connectivity to Midtown and other parts of Manhattan. This shovel-ready project presents a prime opportunity for developers and investors to capitalize on the growing demand for residential projects in East Harlem.

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/ACRE

$91,335,484/AC

PRICE/SF

$2,097 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

421A Eligible Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.21 AC

LAND SF

9,300 SF

OFFSITE IMPROVEMENTS

-

ZONING

C4-6

APN/PARCEL ID

1784-0045

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

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Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

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