This is an Incredible and rare mixed use building, in the Heart Of East Harlem, where investors are interested in a deal like this. Recent facade lift and painting of the entire building. This building can be connected to another 2 buildings that are also for sale on 116th street, 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.<br><br>Floor Area Ratio (FAR) <br>Residential FAR 7.52 Has air rights.. <br>Facility FAR 10 <br>FAR as built 1.61<br>Allowed usable floor area 13,528<br>Usable floor area as built 2,896<br>Unused FAR 10,632<br>Lot sqft 1,799<br>Lot dimensions 20.92 ft x 86 ft<br>Square feet 2,895<br>Building dimensions 21 ft x 43 ft<br>Zoning districts R9, C2-5, EHC<br><br>Note that the above is given for information only, as a very basic explanation of FAR and Development Rights (generally and related to specific property).
Listing courtesy of Corcoran Group.
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