Buildable Development Lot with Air
For Sale
$2,750,000
Pending
2047 2nd Avenue, New York, NY 10029
Land, New York, NY
Property SizeContact for details
Days on Market405
Property Features for 2047 2nd Avenue
General Information
Property type
Land
Property subtype
Other
Subdivision
East Harlem
High school district
000000
Standard status
Pending
Listing Agency:
Compass
(646) 982-0353
Listed By:
Jonathan Kramer
Added: Jul 15, 2025
Changed: Aug 20
Last Checked: Aug 23 at 7:06PM
MLS# 11536784
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This buildable lot is available for sale on the northwest corner of East 105th Street and 2nd Avenue in East Harlem. Preliminary zoning analysis by the sellers’ architect indicates an R9A zoning designation with an MIH (Mandatory Inclusionary Housing) component, supporting an FAR of 8.5 (approximately 20,000 buildable square feet). The plan contemplates a maximum of 14 stories with 9'-7" floor-to-floor heights and an overall building height of 134'-9". The building footprint is indicated as 1,862.3 square feet, for a total of 27 dwelling units with Gross Floor Area of about 931 square feet per unit. The analysis notes that part of the program may shift if the developer uses the ground floor for commercial space and a resident lobby.
A key feature of the offering is the included air rights. The seller indicates 5,696 square feet of floor area air rights are available to be transferred from Lot 22, associated with the adjacent property at 2049 2nd Ave (same owner). The stated transfer would yield approximately 25,705 total buildable square feet, while leaving 6,631.98 square feet available on Lot 22 after the existing building is deducted. The sellers also note the need to verify related approvals tied to the 2nd Avenue subway extension through MTA.
For developers, this site offers a clear, zoning-based framework for a mid-rise residential building, with optional ground-floor commercial and lobby use depending on design and approvals. The adjacent building at 2049 2nd Ave is also available for sale as an income-producing mixed-use free market investment, and a package deal may be considered.
A key feature of the offering is the included air rights. The seller indicates 5,696 square feet of floor area air rights are available to be transferred from Lot 22, associated with the adjacent property at 2049 2nd Ave (same owner). The stated transfer would yield approximately 25,705 total buildable square feet, while leaving 6,631.98 square feet available on Lot 22 after the existing building is deducted. The sellers also note the need to verify related approvals tied to the 2nd Avenue subway extension through MTA.
For developers, this site offers a clear, zoning-based framework for a mid-rise residential building, with optional ground-floor commercial and lobby use depending on design and approvals. The adjacent building at 2049 2nd Ave is also available for sale as an income-producing mixed-use free market investment, and a package deal may be considered.
Key Highlights
- Buildable lot on the NW corner of East 105th Street and 2nd Avenue in East Harlem.
- R9A zoning with MIH allows FAR of 8.5 (about 20,000 buildable SF), pending required verification/approval.
- Transfer 5,696 SF of floor area air rights from Lot 22 (adjacent 2049 2nd Ave), targeting approx. 25,705 total BSF.
Property Analytics
Property Profile
Current Use
Lease Details
27
Residential units
Location Intelligence
Trade Area within ½ mile
11,342
Businesses Nearby
Explore this area
Business Placement
Demographics for 10029, NY
78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Corner buildable lot in East Harlem with zoning analysis and transferable air rights for a multi-unit residential plan.
Where is this residential land & home lot located?
The property is located at 2047 2nd Avenue New York, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Buildable lot on the NW corner of East 105th Street and 2nd Avenue in East Harlem.; R9A zoning with MIH allows FAR of 8.5 (about 20,000 buildable SF), pending required verification/approval.; Transfer 5,696 SF of floor area air rights from Lot 22 (adjacent 2049 2nd Ave), targeting approx. 25,705 total BSF.
