Two-Story Retail Development
For Sale
Contact for pricing
2154 Third Avenue, New York, NY 10035
Vacant two-story retail building on a Third Avenue lot, recently rezoned for high-density mixed-use development.
Property Size2,500 SF
Lot Size0.06 Acres
Days on Market123
Property Features for 2154 Third Avenue
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.06 Acres
Property subtype
Land
Zoning
C4-6
Additional Details
Highway Access
Yes
Building Details
Stories
2
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Michael Tortorici · License #NY 401085153
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ariel Property Advisors
Investment Insights
Based on property information with market context.
2154 Third Avenue is a development site on the west side of Third Avenue, between East 117th Street and East 118th Street. The property is approximately 25.67 by 100 feet and was recently rezoned to C4-6 (FAR 9.00), providing approximately 23,103 buildable square feet as-of-right for mixed-use development. A Mandatory Inclusionary Housing (MIH) provision applies, requiring the residential portion of a new project to comply with MIH Option 1 or the “Deep Affordability Option,” which should be independently verified.
The site is currently improved by a two-story retail building spanning approximately 2,500 square feet and will be delivered vacant. It is situated along a retail corridor in East Harlem, with nearby residential construction and major retail and education uses mentioned in the marketing materials.
For development planning, this is an as-of-right mixed-use rezoning with a vacant existing retail structure on the parcel, subject to MIH requirements for the residential component.
The site is currently improved by a two-story retail building spanning approximately 2,500 square feet and will be delivered vacant. It is situated along a retail corridor in East Harlem, with nearby residential construction and major retail and education uses mentioned in the marketing materials.
For development planning, this is an as-of-right mixed-use rezoning with a vacant existing retail structure on the parcel, subject to MIH requirements for the residential component.
Key Highlights
- 25.67’ x 100’ lot on the west side of Third Avenue between E 117th St and E 118th St
- Recently rezoned to C4‑6 (FAR 9.00), allowing approx. 23,103 as‑of‑right buildable SF for mixed‑use development
- MIH zoning applies, requiring the residential portion to comply with MIH Option 1 or the Deep Affordability Option (verify calculations/requirements)
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,963
Businesses Nearby
136k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 32%
Groceries 18%
Hotels & Casinos 5%
McDonald's
Dining
46,830 visits/mo
0.3 miles
BP
Shops & Services
25,252 visits/mo
0.3 miles
Western Beef
Groceries
24,466 visits/mo
0.1 miles
Dunkin' Donuts
Dining
12,258 visits/mo
0.2 miles
Chase Bank
Shops & Services
10,615 visits/mo
0.1 miles
Demographics for 10035, NY
35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant two-story retail building on a Third Avenue lot, recently rezoned for high-density mixed-use development.
Where is this storefront property located?
The property is located at 2154 Third Avenue New York, NY.
What are key features of this property?
This property features: 25.67’ x 100’ lot on the west side of Third Avenue between E 117th St and E 118th St; Recently rezoned to C4‑6 (FAR 9.00), allowing approx. 23,103 as‑of‑right buildable SF for mixed‑use development; MIH zoning applies, requiring the residential portion to comply with MIH Option 1 or the Deep Affordability Option (verify calculations/requirements)
