This property is Off-Market

2269-2275 First Avenue
New York, NY 10035 ·

47 Units · Multifamily For Sale

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2269-2275 First Avenue

Price N/A Property Use Type Investment
No. Units 47 No. Stories 5
Building Size 47,390 SF Year Built 1890
Property Type Multifamily Lot Size 15,138 SF
Property Sub-type
Mid/High-Rise
More...
  • Residential (land)
  • Free Standing Bldg
  • Special Purpose (Other)
Listing ID: 15104032 Date Created: 04/23/2007 Last Updated: 10/05/2007

Description

East Harlem is in the midst of an unprecedented transformation. A portfolio of 47 East Harlem buildings was acquired for $225 Million by a prominent foreign investor. Scheduled to be completed in 2008, The East River Plaza retail center is set to bring substantial momentum to the rapidly growing East Harlem economy. Vornado Realty Trust is set to begin construction on Northern Manhattan' s most anticipated commercial retail development, Harlem Park at Park Avenue and 125th Street.
With this tremendous amount of investment pouring into East Harlem and the Manhattan condominium market showing no signs of slowing, 2269 First Avenue stands out as the most ground breaking development/conversion opportunity on the market today. Featuring 14' high ceilings and floor-to-ceiling windows on floors 2 thru 5, this five-story 47,390 sq. ft. loft building is ready for immediate conversion into high-end luxury condominiums. Its corner location and architecturally distinctive Beaux Arts façade give the property an exceptional level of distinction and character, unique attributes for both Harlem and the greater metropolitan area.

Southwest corner of First Avenue and East 117th Street.

Highlights

  • Prime Corner Loft Building Conversion
  • 65,598 Buildable Sq. Ft. & 71,000 sellable Sq. Ft.
  • 14' High Vaulted Ceilings Throughout
  • Beaux Arts Facade
  • 100' of Frontage Along First Avenue
  • East River Plaza Vicinity

Research

2269-2275 First Avenue, New York, NY 10035 (New York County)

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