Prime East Harlem Development Site - Potential 100,000 BSF

For SaleContact for pricing

2148-2150 3rd Ave, New York, NY 10035

  • Retail

Prime East Harlem Development Site - Potential 100,000 BSF, New York, NY 10035 - Retail Space

Prime East Harlem Development Site - Potential 100,000 BSF is located at 2148-2150 3rd Ave in the East Harlem neighborhood, NY, New York, 10035. The Retail building was completed in 1910 and features a total of 9,895 Sqft.

There are 25 retail spaces for lease in the East Harlem neighborhood, totaling 9,321 Sqft of available retail space. The retail space availability for the 10035 zip code is 6,321 Sqft, in 21 retail spaces. The average asking retail rent per sq. ft. in East Harlem is $80/sqft/year.

In 1910, the same year Prime East Harlem Development Site - Potential 100,000 BSF was built, 532 more commercial properties (office, industrial, retail) over 50,000 square feet were built in New York, featuring 8,746,537 square feet of commercial space. At zip code level, there are 8 commercial properties, of which 1 are retail buildings over 50,000 square feet.

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Details

  • Sale Price Contact for pricing
  • City New York
  • Neighborhood East Harlem
  • Zip Code 10035
  • Market Manhattan
  • Property Type Retail
  • Property Size 9,895 Sqft
  • Lot Size 0.15 Acre
  • Year Built 1910
  • Date Updated 05 Aug, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Description

The Nassimi Group, as exclusive agent, is pleased to offer for sale this great

development opportunity located in the heart of the newly up and coming East

Harlem Corridor. The property has significant air rights with a residential FAR of

10, R 7A/C4 6 zoning allowing for a total of approx. 64,350 buildable square feet.

This deal will also include a contiguous vacant lot located at 183 east 117th street

with an additional 6,116 buildable square feet and which would allow for a

separate entrance for any development on the side street.

Total buildable sqft 70,466.

The current existing structure is a 2 story commercial building without lease holding tenant that will

be delivered vacant. The site is subject to a mandatory inclusionary housing

(MIH) zoning provision and Special district designation.

Potential assemblage available with approx. 100,000 BSF and almost 80' frontage on 3rd Avenue.

Any potential buyer should complete their own independent assessment of the

sites potential and building requirements.

FREQUENTLY ASKED QUESTIONS

What is the lease rate for Prime East Harlem Development Site - Potential 100,000 BSF?

Rental asking rate at Prime East Harlem Development Site - Potential 100,000 BSF is 11,500,000 per square foot.

What is the total square footage of Prime East Harlem Development Site - Potential 100,000 BSF?

Prime East Harlem Development Site - Potential 100,000 BSF totals 9,895 square feet.

When was this property built?

Prime East Harlem Development Site - Potential 100,000 BSF was built in 1910.

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

Attachments

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Jonathan Loloi

The Nassimi Group

(212) 571-6300

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Contact

Jonathan Loloi

(212) 571-6300