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2197 3Rd Ave New York, NY 10035

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For Sale
$18,000,000

421A-approved development opportunity with approved plans in Manhattan.

Lot size:
0.21 Acres

Property Features for 2197 3Rd Ave

General Information

Lot size
0.21 Acres

Source: Asset Commercial Realty Group Agent Sadya Liberow

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

East Harlem Development Opportunity

This property presents a 421A-approved development opportunity with approved plans in the heart of East Harlem, Manhattan. The property consists of a 9,300 square foot lot with approved plans for a total zoning floor area of 105,590 square feet as-of-right. 93,300 square feet are designated for residential use, 5,842 square feet for commercial use, and 1,447 square feet for a community facility. The property will be delivered with approved plans for a 141-unit mixed-use building, comprising 51 studio units, 63 one-bedroom units, and 25 two-bedroom units, as well as one commercial space and one community facility. The development will include a total of 34 affordable units. The property benefits from a 421A tax abatement, capping taxes on the completed project. It is ideally situated near the 3 Ave - 138 St [6] Subway Station, offering convenient access to Midtown and other parts of Manhattan.
Location Intelligence

Current Use by Public Records

Land

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9380766
Latitude
40.800293

FAQs

What type of property is this?
Land - 421A-approved development opportunity with approved plans in Manhattan.
Where is this land located?
The property is located at 2197 3Rd Ave New York, NY.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: - Approved 421A development opportunity in East Harlem.; - Approved plans for a **141-unit mixed-use building (105,590 SF total).**; - Includes 34 affordable housing units.
More about this property
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