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Type:
Mixed Use
Sq Ft:
6,122
Units:
Property Description
Investment Property Realty Group (IPRG) has been retained on an exclusive basis to arrange for the sale of 2322 2nd Avenue, a 4-story, 6,122 SF, 16-unit walk-up apartment building.
The subject property is ideally located on the northeast corner of 2nd Avenue and East 119th Street, a few blocks away from the 6-subway station at Lexington Avenue and East 116th Street. It is surrounded by numerous new developments and sits one block away from the planned 118th Street 2nd Avenue subway entrance.
The subject property is comprised of 13 Class B apartments, 1 Class A apartment, and 2 commercial stores. The Class A apartment and 1 Class B apartment are currently vacant.
Highlights:
- Commercial spaces are M-M with upside in current retail
- Additional air rights of ~8,264 SF
- Ideally located near East 116th Street, a vibrant retail corridor featuring a diverse mix of restaurants, bars, and local shops
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Block & Lot:
1796-1
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Neighborhood:
East Harlem
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Cross Streets:
NE Corner of Second Ave & E 119th St
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Building Dimensions:
25’ x 75’
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Lot Dimensions:
25.5’ x 75’
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Units:
16
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Total Approx. SF:
6,122
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Zoning:
R9A, C2-5
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FAR:
8.5 (MIH)
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Tax Class:
2B
