2252 3rd Avenue, New York, New York 10035

Property Description

50,000 BUILDABLE SQFT!!! A DEVELOPER & BUILDERS DREAM!!! An outstanding opportunity to own a sprawling commercial property in a prime East Harlem location. 2252 3rd Avenue is currently an established neighborhood department store spanning a total of 14,500 square feet across three stories and a full basement level consisting of 5,000 SF of retail space and 9,500 SF of storage space, perfect for an end user looking to enter or expand into this burgeoning Manhattan submarket. Alternatively this site can be completely redeveloped. The lot measures 50 x 100 with over 50,000 square feet available to build and an allowed FAR of 10.0. The property's mid block position, neighboring several other potential lots for assemblage presents more opportunity for an enterprising investor/developer. That the property is located in an MIH zone may allow for a higher density build and applicable tax abatement programs.