151 East 116th Street

East Harlem   |   Lexington Avenue & Third Avenue

Building For Sale
$ 2,995,000
Ownership Rental Property
Status Active
Real Estate Taxes [Per Annum] $ 28,104
Building Type Townhouse
ASF/ASM 4,386/407
Listing ID: 82454TH

Jason Bauer

License

Manager, Lic. Associate RE Broker

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Property Description

This is an Incredible and rare mixed use building, in the Heart Of East Harlem, where the investors are interested in a deal like this. Both 149 & 151 East 116th street, have a combined frontage of 34 feet wide. This building can be connected to another 2 buildings that are also for sale on 116th street and Lexington Avenue, 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. / Asking price is per building...

(FAR)Residential FAR 7.52
Facility FAR 10
FAR as built 3.23
Allowed usable floor area 10,227
Usable floor area as built 4,393
Unused FAR 5,834
Square feet 4,386
Building dimensions 17 ft x 48 ft
Lot sqft 1,360
Lot dimensions 17 ft x 80 f
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 properties).
This is an Incredible and rare mixed use building, in the Heart Of East Harlem, where the investors are interested in a deal like this. Both 149 & 151 East 116th street, have a combined frontage of 34 feet wide. This building can be connected to another 2 buildings that are also for sale on 116th street and Lexington Avenue, 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. / Asking price is per building...

(FAR)Residential FAR 7.52
Facility FAR 10
FAR as built 3.23
Allowed usable floor area 10,227
Usable floor area as built 4,393
Unused FAR 5,834
Square feet 4,386
Building dimensions 17 ft x 48 ft
Lot sqft 1,360
Lot dimensions 17 ft x 80 f
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 properties).

Listing Courtesy of Corcoran Group

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Apartment Features

A/C
Washer / Dryer Hookups
151 East 116th Street East Harlem New York NY 10029

Building Details [151 East 116th Street]

Ownership Rental Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 1644/122
Building Type Townhouse
Floors 0
Apts 0

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2022 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
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.