This is an Incredible and rare mixed use building, in the Heart Of East Harlem, where investors are interested in a deal like this. Recent facade lift and painting of the entire building. This building can be connected to another 2 buildings that are also for sale on 116th street, 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 2 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.
Floor Area Ratio (FAR)
Residential FAR 7.52 Has air rights..
Facility FAR 10
FAR as built 1.61
Allowed usable floor area 13,528
Usable floor area as built 2,896
Unused FAR 10,632
Lot sqft 1,799
Lot dimensions 20.92 ft x 86 ft
Square feet 2,895
Building dimensions 21 ft x 43 ft
Zoning districts R9, C2-5, EHC
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).