Back To All Properties 
Type:
Mixed Use
Sq Ft:
3,382
Units:
Property Description
Investment Property Group (IPRG) has been retained on an exclusive basis to arrange for the sale of 321 East 116th Street, a 4-story, 3,382 SF, vacant free market walk-up apartment building.
The subject property is currently vacant with a certificate of occupancy for 2 apartments and a doctor’s office, posing as a prime value add opportunity.
It is ideally located on the north side of East 116th Street between 1st and 2nd Avenue, 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 on a vibrant retail corridor featuring a diverse mix of restaurants, bars, and local shops.
HIGHLIGHTS:
- Free Market value add opportunity
- R7B Zoning with additional air rights of ~ 1,613 SF
- Steps away from the coming Q-subway station at 2nd Avenue and East 116th Street
- 2 Blocks from the East River Plaza
-
Block & Lot:
01688-0011
-
Neighborhood:
East Harlem
-
Cross Streets:
1st & 2nd Avenue
-
Building Dimensions:
16.5 ft x 61 ft
-
Lot Dimensions:
16.5 ft x 100.92 ft
-
Units:
3
-
Total Approx. SF:
3,382
-
Zoning:
R7B
-
FAR:
3.0
-
Tax Class:
2A
