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2174 2nd Avenue - 2174 2nd Avenue 0.04 Acres of Residential Land Offered at $1,500,000 in New York, NY 10029
Investment Highlights
- #1 Vacant Site - 25' x 75' lot | 1,875 SF
- #3 Transportation - Short walk to the 4 & 6 subway lines at 110th Street and the future Q line at 116th Street
- #5 MIH Exemption Available - MIH not applicable if project contains not more than 10 units and not more than 12,500 residential floor area.
- #2 Zoning - R9A / C2-5 zoning | Up to 16,913 BSF with Inclusionary Housing
- #4 Location - Situated in a Qualified Opportunity Zone
Executive Summary
The property is a 25’ by 75’ vacant lot located on the east side of Second Avenue between East 111th and East 112th Streets in East Harlem, Manhattan. The site is zoned R9A with a C2-5 commercial overlay and sits within the East Harlem Corridors (EHC) Special District along a wide-street, supporting up to approximately 16,913 BSF of mixed-use development with Inclusionary Housing — or up to ~14,100 BSF for mixed-use development without triggering MIH for projects of 10 units or fewer. Delivered vacant and benefiting from its proximity to the forthcoming 116th Street Second Avenue Subway station, 2174 Second Avenue offers investors and developers an opportunity to capitalize on East Harlem's transit-driven growth trajectory.
Property Facts
| Price | $1,500,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.04 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R9A / C2-5 | ||
| Price | $1,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.04 AC |
| Opportunity Zone |
Yes |
| Zoning | R9A / C2-5 |
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 0.04 AC |
| Price Per AC | $34,848,062.45 |
| Price | $1,500,000 |
| Price Per AC | $34,848,062.45 |
| Lot Size | 0.04 AC |
Vacant 25' x 75' lot | 1,875 SF | R9A / C2-5 zoning | Up to 16,913 BSF with Inclusionary Housing
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 1683-0050 | Improvements Assessment | $0 |
| Land Assessment | $333,450 | Total Assessment | $333,450 |
Property Taxes
Parcel Number
1683-0050
Land Assessment
$333,450
Improvements Assessment
$0
Total Assessment
$333,450
Contacts
-
Jonathan Auerbach -
Mitchel Flaherty -
Brian Whelan -
Luke Stone -
RIPCO Real Estate
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