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.<br><br>(FAR)Residential FAR 7.52<br>Facility FAR 10<br>FAR as built 3.23 <br>Allowed usable floor area 10,227<br>Usable floor area as built 4,393<br>Unused FAR 5,834<br>Square feet 4,386<br>Building dimensions 17 ft x 48 ft<br>Lot sqft 1,360<br>Lot dimensions 17 ft x 80 f<br>Zoning districts R9, C2-5, EHC<br><br>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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