$4,295,000
Updated 8 years ago
Off Market

2154 Third Ave

East Harlem, Manhattan | East 118th Street & East 117th Street

2,500 Square FeetDevelopment Site

$4,295,000
floors2
Lot Size25'7"x100'
Built Size25'7" wide
ZoneC4-6
Building TypeLow-Rise
RE Taxes$31,954
Price Per SF
$1,718

Building Amenities

  • Voice Intercom

Property Description for 2154 Third Ave

Ariel Property Advisors presents 2154 Third Avenue, a prime development opportunity located on the west side of Third Avenue, between East 117th Street and East 118th Street. This 25.67’ x 100’ property was recently rezoned to C4-6 (FAR: 9.00), which provides approximately 23,103 buildable square feet (as-of-right) for a mixed-use development. Please note that the site is subject to a Mandatory Inclusionary Housing (MIH) zoning provision that requires the residential portion of a new project to comply with either MIH Option 1 or the “Deep Affordability Option” (please independently verify all zoning calculations and regulatory requirements). The property is currently improved by a two-story retail building spanning approximately 2,500 square feet. The property will be delivered vacant. Surrounded by a host of new construction residential buildings, 2154 Third Avenue is located on one of East Harlem’s most up and coming residential blocks. High-end luxury mixed-use properties nearby include 2283 Third Avenue, 2211 Third Avenue, 2141 Third Avenue and 181 East 119th Street. The property sits on a major retail corridor, benefitting from significant foot traffic generated by the CUNY Silberman School of Social Work at Hunter College as well as the East River Plaza which is located a few blocks east. Convenient access to downtown and outer borough destinations is provided by the 6 train at Lexington and 116th Street, The FDR drive and a variety of local bus lines. Offering accessibility, scale and prime location in a rapidly appreciating neighborhood, 2154 Third Avenue represents an outstanding Northern Manhattan development opportunity.

Listing History for 2154 Third Ave

Now
02/11/2019
POM by Michael A. Tortorici
Ariel Property Advisors
2019

Building Details for 2154 Third Ave

OwnershipDevelopment Site
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors2
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.12 miles
125 St
0.36 miles
110 St
0.38 miles

Railroad

Harlem-125 StMetro-North Railroad
0.42 miles

Citi Bike

E 118 St & 3 Ave
0.03 miles
Lexington Ave & E 120 St
0.15 miles

Contact Agents

Contact Agents

Michael Tortorici
Ariel Property Advisors
Victor Sozio
Ariel Property Advisors
Marko Agbaba
Ariel Property Advisors

East Harlem | Manhattan

Quick Profile

Take a stroll through East Harlem and you’ll find a vibrant, culturally diverse neighborhood, which is evident no matter which direction you look. East Harlem is also known as Spanish Harlem, El Barrio, and “The Neighborhood,” as it is home to a population that represents Hispanic immigrants, primarily from Puerto Rico, as well as from Mexico, Cuba, and the Dominican Republic. These immigrants brought their cultures with them, in the form of music, dance, art, and food. During the day, you’ll find the neighborhood filled with opportunities to experience Latin culture. Both the salsa dance craze and the graffiti style of art were born right in East Harlem. There are many great places to sample authentic cuisine, from Rao’s (where you cannot get a table unless you inherit one, and any reservations must be booked years in advance) to sidewalk carts, where you can get the best “street meat” to be had in NYC.

In East Harlem you’ll find a number of innovative educational opportunities in the form of specialized and charter schools that are considered top-notch. Many of these have very competitive admissions criteria and offer curricula that focus on creativity and social awareness. Such schools are a draw for young families that want to raise their children in an educational system that goes above and beyond the standard.

The vibe of East Harlem is one of community and neighbors that interact with each other routinely. There are many small, family-owned and -operated businesses and restaurants that have been neighborhood anchors for years. As you stroll through East Harlem, you will be immersed in sights, sounds and flavors that are straight from Latin American or the Caribbean islands, sometimes both at once. You can sample Puerto Rican-inspired plantain mofongo, which is mashed plantains with garlic and pork rinds, from local sidewalk carts. Or if it is a hot summer’s day, you might enjoy a Mexican-inspired licuado, which is a blended drink similar to a smoothie, made with milk, fruit, and ice. Sometimes, spices, citrus juices, and sugar are added. Although you will find an abundance of authentic cuisine and music no matter where you look in East Harlem.

Prefer to cook at home? East River Plaza offers Target, Costco, and Aldi stores, all of which offer fresh food at reasonable prices.

East Harlem housing consists of more affordable walk-ups, low-rise pre-war buildings, brownstones, and is dominated housing complexes. You can find some comparatively large apartments at reasonable price points, and even some rent-stabilized apartments. Luxury co-op and condo units are being built on the southern boundary of East Harlem. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 73638TH