1882 Park Avenue

For Sale$2,150,000

1882 Park Avenue, New York, NY 10035

  • Office

1882 Park Avenue, New York, NY 10035 - Office Space

1882 Park Avenue is located at 1882 Park Avenue in the East Harlem neighborhood, NY, New York, 10035. The Office building features a total of 3,230 Sqft.

There are 30 office spaces for lease in the East Harlem neighborhood, totaling 125,982 Sqft of available office space. The office space availability for the 10035 zip code is 125,982 Sqft, in 30 office spaces. The average asking office rent per sq. ft. in East Harlem is $77/sqft/year. For Class B office buildings the average office rate is $117.5/sqft/year, for Class C office buildings the average office rate is $38/sqft/year.

In East Harlem, there are 8 class B office buildings, there are 6 class C office buildings. At zip code level, there are 8 commercial properties, of which 7 are office buildings over 50,000 square feet.

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Details

  • Sale Price $2,150,000
  • City New York
  • Neighborhood East Harlem
  • Zip Code 10035
  • Property Type Office
  • Property Size 3,230 Sqft
  • Lot Size 0.03 Acre
  • Date Updated 29 Apr, 2020

Description

Ariel Property Advisors presents 1882 Park Avenue, a prime (3) three-story commercial building located on the west side of Park Avenue between 128th and 129th Street, in East Harlem section of Northern Manhattan.

The asset contains 3,230 gross square feet and benefits of 19.75’ of retail frontage along the rapidly expanding Park Avenue corridor. Interior layout consists of three (3) floor-through units, which are recently renovated and will be delivered in pristine condition. Recent renovations include upgraded electrical and mechanical systems, HVAC systems, video surveillance and hardwood floors.

1882 Park Avenue also enjoys a curb cut and sliding gate at the street level, private sitting area and outdoor space at the second-floor level, as well as oversized 11’ ceilings throughout the building. The property is currently owner-occupied and will be delivered vacant, providing immediate owner-user opportunity. Furthermore, M1-6 / R9 zoning provides an additional 7,834 square feet of air rights for future development.

The property stands to benefit tremendously from the recent arrival of several large-scale development firms including The Artimus, The Durst Organization, Greystone Development, and Extell Development, which have secured development sites in close vicinity. The building is also in close proximity to several transportation outlets, including the 125th Street Metro North line along Park Avenue and express 4, 5, 6 subway lines along Lexington Avenue.

Offering unique physical space, turn-key condition, access to transportation and central location in a rapidly appreciating area, 1882 Park Avenue represents an outstanding commercial opportunity well positioned for present use and future growth.

East Harlem Demographics

The average household income in zip code 10035 is $52,121, from a total of 14,428 households. In terms of employment, there are 86.96 % white-collar and 13.04 % blue-collar jobs in zip code 10035.

Population

  • Total Population98,494
  • Male Population(46.1 %) 45,406
  • Female Population(53.9 %) 53,088
  • Median Age35.30

Income/Financial

  • Average Household Income$60,935
  • Median Household Income$34,016
  • Median Income Under 25$33,328
  • Median Income 25-44$50,621
  • Median Income 45-64$32,325
  • Median Income Over 65$19,318

Commercial Brokers Register now to add listings

Marko Agbaba

Ariel Property Advisors

(212) 544-9500 x 32

Michael A. Tortorici

Ariel Property Advisors

(212) 544-9500 x 13

Orry Michael

Ariel Property Advisors

(212) 544-9500 x 88

James Nestor

Ariel Property Advisors

(212) 544-9500 x 86