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Development Site 202 E 119th St 1,087 SF Retail Building New York, NY 10035 $2,500,000 ($2,299.91/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Walk to Transportation, Shopping & Schools
- Excellent Development Sight Location
EXECUTIVE SUMMARY
If your looking for a developement site in East Hrlem, Then this is one you will want to see. Located at the intersection of 3rd Avenue & 119th Street, with close access to public transportation, shopping, and the Second Avenue Extension coming soon. The site has 10,870 sq/ft of buildable space. Currently, the site host a one story church.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,087 SF
Building Class
C
Year Built
2021
Price
$2,500,000
Price Per SF
$2,299.91
Cap Rate
9%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.02 AC
Zoning
C4-6 - Multi-use zoning that includes retail, office, and general commercial
Frontage
38’ on East 119th Street
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1783-0050 | Improvements Assessment | $48,780 |
| Land Assessment | $28,350 | Total Assessment | $77,130 |
PROPERTY TAXES
Parcel Number
1783-0050
Land Assessment
$28,350
Improvements Assessment
$48,780
Total Assessment
$77,130
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Development Site | 202 E 119th St
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