Updated 4 days ago
Builders-R-Us Construction Corp.
East Harlem, Manhattan | East 128th Street & East 129th Street
3,230 Square FeetCommercial

$1,900,000
floors3
Lot Size19'8"x70'
Built Size19'x70'
ZoneM1-6
Building TypeLow-Rise
RE Taxes$18,014
Price Per SF
$588

Outdoor space and views

  • Garden
  • Terrace

Building Amenities

  • Voice Intercom
  • Driveway

Property Description

Ariel Property Advisors presents 1882 Park Avenue, a prime (3) three-story commercial building located on the west side of Park Avenue between 128th and 129th Street, in East Harlem section of Northern Manhattan. The asset contains 3,230 gross square feet and benefits of 19.75’ of retail frontage along the rapidly expanding Park Avenue corridor. The basement space features additional 665 square feet and 8’ high ceilings. Interior layout consists of three (3) floor-through units, which are recently renovated and will be delivered in pristine condition. Recent renovations include upgraded electrical and mechanical systems, HVAC systems, video surveillance and hardwood floors. 1882 Park Avenue also enjoys a curb cut and sliding gate at the street level, private sitting area and outdoor space at the second-floor level, as well as oversized 11’-12’ ceilings throughout the building. The property is currently owner-occupied and will be delivered vacant, providing immediate owner-user opportunity. Furthermore, M1-6 / R9 zoning provides an additional 7,834 square feet of air rights for future development. The property stands to benefit tremendously from the recent arrival of several large-scale development firms including The Artimus, The Durst Organization, Greystone Development, and Extell Development, which have secured development sites in close vicinity. The building is also in close proximity to several transportation outlets, including the 125th Street Metro North line along Park Avenue and express 4, 5, 6 subway lines along Lexington Avenue. Offering unique physical space, turn-key condition, access to transportation and central location in a rapidly appreciating area, 1882 Park Avenue represents an outstanding commercial opportunity well positioned for present use and future growth.

Listing History

Now
01/27/2022
$1,900,000
Initial Price by Mark Anderson
Ariel Property Advisors
2022

Building Details

OwnershipCommercial
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2003
Floors3
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.21 miles
125 St
0.4 miles

Railroad

Harlem-125 StMetro-North Railroad
0.16 miles

Citi Bike

E 128 St & Madison Ave
0.08 miles
Lexington Ave & E 128 St
0.11 miles

Contact Agents

Contact Agents

Mark Anderson
Ariel Property Advisors
Michael A. Tortorici
Ariel Property Advisors
James Nestor
Ariel Property Advisors
View this property on the company's website

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. 

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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: 23515TH