325 East 118th Street, New York, NY 10035

For Sale$3,450,000

325 E 118TH Street, NEW YORK, New York, 10035, NEW YORK, NY 10035

  • Other

325 East 118th Street, New York, NY 10035, NEW YORK, NY 10035 - Other Space

325 East 118th Street, New York, NY 10035 is located at 325 E 118TH Street, NEW YORK, New York, 10035 in the East Harlem neighborhood, NY, NEW YORK, 10035. The Class M1 Other building was completed in 1987.

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Details

  • Price $3,450,000
  • City NEW YORK
  • Neighborhood East Harlem
  • Zip Code 10035
  • Market Manhattan
  • Property Type Other
  • Lot Size 0.17 Acre
  • Building Class M1
  • Year Built 1987
  • Date Updated 21 Jan, 2021

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Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of the 325 East 118th Street. This property is located on the north side of East 118th Street between 1st and 2nd Avenues in the East Harlem neighborhood of Northern Manhattan.

325 East 118th Street is an existing 10,772 square foot Church facility that is currently in year 6 of a 49-year ground lease, with an automatic 49 year extension. This 75’ x 100’ lot provides over 30,000 buildable square feet for future ownership to redevelop and reconfigure to fit their needs. Future ownership must build a 4,300 SF Church facility above grade to be delivered in white box condition.

325 East 118th Street is in a prime location to take advantage of the Second Avenue Subway Extension that is set to provide a 116th Street Q Train Subway station. The property is also just a few blocks east of the 116th Street 6 Train and a short walk away from several bus stations and the Metro North.

FREQUENTLY ASKED QUESTIONS

When was this property built?

325 East 118th Street, New York, NY 10035 was built in 1987.

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

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Eric Roth

Cushman & Wakefield

(212) 660-7757

Tyler Signora

Cushman & Wakefield

(212) 589-5102

Jordan Sutton

Cushman & Wakefield

(212) 589-5101

Robert Shapiro

Cushman & Wakefield

(212) 660-7717