For Sale
2197 3rd Avenue
2197 3rd Avenue, New York, NY 10035
2197 3rd Avenue, New York, NY 10035
Asset CRG Advisors has been exclusively retained to market 2197 3rd Ave, New York, NY 10035, a 421a-approved development opportunity in the heart of East Harlem, Manhattan.
The property consists of a 9,300 SF lot with approved plans for a 105,590 buildable SF as-of-right mixed-use building. The zoning breakdown includes 98,300 SF for residential use, 5,842 SF for commercial use, and 1,447 SF for a community facility
Approved plans call for 139 residential units, featuring 51 studio apartments, 63 one-bedroom apartments, and 25 two-bedroom apartments. The project also includes a 5,842 SF commercial space and a 1,447 SF community facility. A total of 34 units will be designated as affordable housing.
The property benefits from a 421a tax abatement, offering significant tax savings for investors.
Located near the 3 Ave - 138 St [6] Subway Station, the site provides excellent connectivity to Midtown and other parts of Manhattan.
This shovel-ready project presents a prime opportunity for developers and investors to capitalize on the growing demand for residential projects in East Harlem.
9,300 Sq.Ft. lot
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