This is an Incredible and rare mixed use building, in the Heart Of East Harlem, where the investors are interested in a deal like this. Both 149 & 151 East 116th street, have a combined frontage of 34 feet wide. This building can be connected to another 2 buildings that are also for sale on 116th street and Lexington Avenue, as a package for a massive redevelopment with significant air rights. This is 1 out of 4 buildings being sold as a package deal. The owners would prefer to sell all buildings at once, but may be open to individual sales. This building has 2 apts and 2 commercial spaces, which can be a great income producing investment. Close proximity to the 6 train and multiple bus routes. East River Plaza Mall is a stone through away, which has multiple department stores like, Costco, Target, Burlington, Marshalls, Aldi to name a few. / Asking price is per building...
(FAR)Residential FAR 7.52
Facility FAR 10
FAR as built 3.23
Allowed usable floor area 10,227
Usable floor area as built 4,393
Unused FAR 5,834
Square feet 4,386
Building dimensions 17 ft x 48 ft
Lot sqft 1,360
Lot dimensions 17 ft x 80 f
Zoning districts R9, C2-5, EHC
Note that the above is given for information only, as a very basic explanation of FAR and Development Rights (generally and related to specific properties).
Courtesy of Corcoran Group
RLS IDX data and RLS VOW data display by Sherman NYC – Manhattan & Riverdale
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2022 REBNY Listing Service, Inc.
All rights reserved.