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    East Harlem Development Opportunity Title is generated by Realmo AI

    2197 3rd Ave, New York, NY

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

    Type:LAND
    Lot size:
    0.21 Acres
    Added:
    Feb 10, 2025
    Days on Market:
    494
    Last Refresh:
    May 20 at 8:02 pm

    Property Features for 2197 3rd Ave

    General Information

    Standard status
    Active
    Lot size
    0.21 Acres
    Property subtype
    LAND

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    Listing Contact
    Sadya Liberow
    Sadya Liberow

    Listing agent Sadya Liberow

    Listing office Asset Commercial Realty Group

    Listing date Feb 10, 2025

    Source Moodyscre

    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 Asset Commercial Realty Group

    HighLights

    • 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.
    • Benefits from a 421A tax abatement.
    • Conveniently located near the 3 Ave - 138 St [6] Subway Station.
    • Includes commercial and community facility space (5,842 SF and 1,447 SF respectively).

    Overview

    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

    Real Estate Agency Restaurant Spa & Massage Center Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Skin Care Clinic Auto Parts Store Department Store

    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
    -73.9381
    Latitude
    40.8003

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    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.
    (347) 762-4055 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sadya Liberow
    Sadya Liberow
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