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For Sale | Development/Conversion Sites Available

2265 2nd Avenue, New York, NY 10035

2265 2ND Avenue, NEW YORK, New York, 10035
NEW YORK, NY 10035
United States
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Building Size:
SF
Sale Price:
3,850,000.00 USD

Property Overview:
Cushman and Wakefield, Inc. has been retained on an exclusive basis to arrange for the sale of 2265-2267 Second Avenue. The opportunity consists of two adjacent vacant, four-story mixed-use buildings located along second avenue between 116th and 117th Street. This future development/redevelopment opportunity is zoned a R9A which allows for an 8.50 FAR for a total of 23,800 square feet. Future ownership will benefit from the new second avenue subway and close proximity to the heavily foot trafficked 116th street retail corridor. 2265-2267 Second Avenue offers potential buyers a chance to develop or redevelop in a prime East Harlem location.

Development Opportunity:
2265-2267 Second Avenue is a 40’ x 70’ development site located in the newly rezoned section of East Harlem. The site falls in a R9A zoning district, with a maximum FAR of 8.50 and 23,800 BSF as-of-right. The lots have been newly up-zoned from a 4.0 FAR with a 120-foot max building height to an 8.50 FAR with a 175 feet max building height.

Redevelopment Opportunity:
2265-2267 Second Avenue contains two vacant, free market four story structures measuring ~8,000 Square feet boasting 40 feet of frontage along Second avenue. The buildings are currently configured as two separate three families over one commercial space each. 2265 Second Avenue has approved plans for three, three bed-room apartments with one commercial store giving future ownership an opportunity to