Mixed-Use Development
For Sale
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2162-2172 Third Avenue, New York, NY 10035
Vacant four-story commercial facility with corner exposure and substantial redevelopment capacity under C4-6 zoning.
Property SizeContact for details
Days on Market146
Property Features for 2162-2172 Third Avenue
General Information
Standard status
Active
Property subtype
Mixed Use, Land
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Michael Tortorici · License #NY 401085153
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 6:34PM
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.
The property comprises an approximately 29,600-square-foot, four-story commercial facility that will be delivered vacant. Positioned on a southeast corner, the site offers 215 feet of wraparound retail frontage along Third Avenue and East 118th Street. Its mixed-use classification and existing improvements support consideration of redevelopment or continued commercial use, subject to applicable approvals.
Within the Special East Harlem Corridor District, the C4-6 designation allows 9.0 FAR and approximately 102,555 buildable square feet as-of-right for a mixed-use property. The site is subject to Mandatory Inclusionary Housing requirements, with the residential component required to comply with MIH Option 1 or 3. Potential air rights from neighboring properties may support a larger assemblage, subject to verification.
Marcus Garvey Park, Thomas Jefferson Park, East River Plaza, and CUNY Silberman School of Social Work at Hunter College are nearby. Subway access includes the 6 line at Lexington Avenue and East 116th Street, express 4, 5, and 6 service on East 125th Street, and Metro-North access for travel to upstate New York.
Within the Special East Harlem Corridor District, the C4-6 designation allows 9.0 FAR and approximately 102,555 buildable square feet as-of-right for a mixed-use property. The site is subject to Mandatory Inclusionary Housing requirements, with the residential component required to comply with MIH Option 1 or 3. Potential air rights from neighboring properties may support a larger assemblage, subject to verification.
Marcus Garvey Park, Thomas Jefferson Park, East River Plaza, and CUNY Silberman School of Social Work at Hunter College are nearby. Subway access includes the 6 line at Lexington Avenue and East 116th Street, express 4, 5, and 6 service on East 125th Street, and Metro-North access for travel to upstate New York.
Key Highlights
- Approximately 102,555 buildable square feet as‑of‑right under 9.0 FAR
- Approximately 29,600‑square‑foot, four‑story commercial facility delivered vacant
- 215 feet of wraparound retail frontage at Third Avenue and East 118th Street
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,680
Businesses Nearby
Explore this area
Business Placement
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?
Mixed-use property - Vacant four-story commercial facility with corner exposure and substantial redevelopment capacity under C4-6 zoning.
Where is this mixed-use property located?
The property is located at 2162-2172 Third Avenue New York, NY.
What are key features of this property?
This property features: Approximately 102,555 buildable square feet as‑of‑right under 9.0 FAR; Approximately 29,600‑square‑foot, four‑story commercial facility delivered vacant; 215 feet of wraparound retail frontage at Third Avenue and East 118th Street
