2047 2Nd Ave New York, NY 10029

A buildable lot is available for sale on the northwest corner of East 105th Street and 2nd Avenue in East Harlem, New York. The lot is located nine blocks away from the 96th Street and 2nd Avenue subway station. The area is expected to grow once the 2nd Avenue subway line extension is completed near 103rd Street and 2nd Avenue. A preliminary zoning analysis by the seller's architect indicates the possibility of constructing a 14-story building with a total height of 134 feet and 9 inches, with floors measuring 9 feet 7 inches from floor to floor. The building footprint could be 1,862.3 square feet, accommodating a total of 27 dwelling units, each with a gross floor area of 931 square feet. This analysis must be verified and approved by the MTA prior to filing permits and plans. Utilizing the ground floor for commercial and amenity use may reduce the number of dwelling units. However, it may still allow for 26 residential units on floors 2-14, with 2 units per floor, and a commercial space on the ground floor with a resident lobby. There are 5,696 square feet of floor area air rights to be transferred from Lot 22, the adjacent building at 2049 2nd Avenue, which is under the same ownership. This will leave 6,631.98 square feet available on Lot 22 after deducting the existing building. The seller also has the adjacent building at 2049 available for sale, which is an income-producing mixed-use free market investment property consisting of 12 units above a commercial space, and is willing to do a package deal for both properties.