This is an Incredible and rare mixed use building, in the Heart Of East Harlem, where all 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 on 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 3 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)Residential FAR 7.52<br>Facility FAR 10 <br>FAR as built 3.78<br>Allowed usable floor area 10,227<br>Usable floor area as built 5,14<br>Unused FAR 5,086<br>Square feet 5,134 <br>Building dimensions17 ft x 80 ft<br>Zoning districts R9, C2-5, EHC<br>Lot sqft 1,360 <br>Lot dimensions 17 ft x 80 ft<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).<br><br>
Listing courtesy of Corcoran Group.
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