Description
The two combined buildings total approximately 7,750 gross square feet and bene?t from 40' of frontage just off of the rapidly developing Third Avenue corridor. The current layout consists of three (3) residential units and one (1) commercial unit in each building.
With C-4 / EHC included, the property offers developers approximately 23,750 square feet of air rights for future development.
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. The 116th Street 2nd Avenue line is planned to have another train station at 116th street. There are also several cross-town buses on 116th Street including the M116, M102, and M7.
Retail neighbors include Maxell's, Pipos, Terenga, Patsy's, and Amor Cubano. Major supermarkets are only 1-2 blocks from the property, and the East River Plaza is only a half-mile away, and includes major retailers such as Costco, Target, Burlington Coat Factory, Applebee's, Petsmart, and Planet Fitness, among others.
Offered at: $3,900,000 for both. Contact us for the complete setup.
Building Features 4 Floors3 Units
Unit Features
$2,500,000 / $625 per ft²
Sold: Sep 17, 2021
28.21% above ask / 179 Days to Sell
3 Beds / 4 Baths - / 4,000 ft²
Total Monthly expenses: $900
Maintenance: - / R.E. Taxes $900
Other Details:
Mixed Use (1-6 Family)
Lot Size: 20.0' x 100.92' Built: 20.0' x 100.0'
Zoning: S1-5, S9
Exclusively listed with: Compass
John McGuinness
jm@compass.com
(617) 833-5668
Unit listing history
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