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$4,290,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 912679
Rental Info No
Year Built 1963
Annual Tax Amount $15,371
Property Sub-Type Retail
Source onekey2
Property Description
Prime East Harlem development opportunity on Second Avenue with strong upside beyond its current use. The property is currently improved with two small commercial buildings occupied by a restaurant and barber shop, but the true value is in the site's redevelopment potential. Situated on an approx. 2,265 SF lot with R9A zoning and a C2-5 commercial overlay, the property offers the potential to create a new high-rise mixed-use building with ground-floor retail and residential units above, subject to all required approvals. Renderings and architectural concepts show a modern 12-story mixed-use building with commercial space on the first floor, residential layouts above, elevator access, private balconies, and rooftop/open-space potential. Excellent Second Avenue frontage with strong visibility, nearby transportation, retail, dining, and neighborhood amenities. Located in a growing East Harlem corridor with long-term upside, especially with the future Second Avenue Subway expansion. Ideal for developers, investors, and buyers looking to unlock higher and better use in Manhattan.
Location
State NY
County New York (manhattan)
Rooms
Basement Partial
Interior
Heating Natural Gas, Hot Water
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
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Listed by Tony & William R E Brotherhood • Chun H. Xie
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716



