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    2367 2Nd Ave New York, NY 10035

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    For Sale
    $6,650,000

    Four-lot assemblage near future Q train station.

    Property size:
    2,890 SF
    Lot size:
    0.07 Acres

    Property Features for 2367 2Nd Ave

    General Information

    Size
    2,890 SF
    Lot size
    0.07 Acres

    Source: Development Site Advisors Agent Michael Musto

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

    Overview

    East Harlem Development Opportunity

    This offering consists of a four-lot assemblage totaling 6,443 square feet of land. One of the lots includes a 2,890 square foot commercial building situated on the corner of Second Avenue and East 121st Street in East Harlem, New York. The lots have 100.92 feet of frontage along the avenue and a depth of 82.62 feet at its deepest point. The property is designated R9A/C2-5, EHC, allowing for up to approximately 54,766 buildable square feet for a new mixed-use building. The site is located in a qualified opportunity zone and is a few blocks from the future Q train subway station entrance at Second Avenue and East 118th Street. The building will be delivered vacant.
    Location Intelligence

    Current Use by Public Records

    Cynthia Truell, NP Counselor Hamid Moussavian Psychiatrist The Adam Clayton Powell ... Medical Clinic

    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
    -73.9354176
    Latitude
    40.8005398

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    FAQs

    What type of property is this?
    Commercial land - Four-lot assemblage near future Q train station.
    Where is this commercial land located?
    The property is located at 2367 2Nd Ave New York, NY.
    What is the asking price?
    The asking price for this property is $6,650,000.
    What are key features of this property?
    This property features: - Large development site: 6,443 square feet of land allowing for ±54,766 buildable square feet.; - Favorable zoning: R9A/C2-5, EHC allows for a new mixed-use building.; - Qualified Opportunity Zone: Potential tax benefits for investors.
    (516) 578-1785
    Request Owner's contact information
    2367 2Nd Ave New York, NY 10035
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    New York, NY 10035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2367 2Nd Ave New York, NY 10035
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