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$8,995,000
Est. payment /mo
14,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,500 sqft
Price per Sqft $620
MLS Listing ID 499264
Year Built 1900
Annual Tax Amount $36,225
Property Sub-Type Commercial
Property Description
50,000 BUILDABLE SQFT!!! A DEVELOPER & BUILDERS DREAM!!! An outstanding opportunity to own a sprawling commercial property in a prime East Harlem location. 2252 3rd Avenue is currently an established neighborhood department store spanning a total of 14,500 square feet across three stories and a full basement level consisting of 5,000 SF of retail space and 9,500 SF of storage space, perfect for an end user looking to enter or expand into this burgeoning Manhattan submarket.
Alternatively this site can be completely redeveloped. The lot measures 50 x 100 with over 50,000 square feet available to build and an allowed FAR of 10.0. The property's mid block position, neighboring several other potential lots for assemblage presents more opportunity for an enterprising investor/developer. That the property is located in an MIH zone may allow for a higher density build and applicable tax abatement programs.
Alternatively this site can be completely redeveloped. The lot measures 50 x 100 with over 50,000 square feet available to build and an allowed FAR of 10.0. The property's mid block position, neighboring several other potential lots for assemblage presents more opportunity for an enterprising investor/developer. That the property is located in an MIH zone may allow for a higher density build and applicable tax abatement programs.
Location
State NY
County New York (manhattan)
Area East Harlem
Zoning C4-6
Rooms
Basement Full
Interior
Interior Features None
Exterior
Roof Type Asphalt/Tar,Flat
Present Use Retail
Building
Story 3
Foundation Other
Others
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by RE/MAX Real Estate Professiona
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716