Approved DOB Plans to Develop into Condominiums
A rare opportunity to develop one of the last remaining buildings of it' s kind in this neighborhood, East Harlem. A nineteenth century loft building that is being sold as is with DOB approved plans in place to convert it into condominium apartments. These apartments are comprised as follows: three studios, three one bedrooms, eight two bedrooms and penthouses on the top floor with their own private outdoor space and a common roof deck for the unit owners and their guests. Currently measuring 25,160 square feet with a lot size of 50 x 100.92 (approx.) and is heated by a # 2 oil-fired boilers, which are supplied by two tanks measuring 1,080 & 1,500 gallons. The building is sprinklered and is sub-metered for electric. The ceilings are extraordinarily high allowing for an abundance of natural light to flow though the large floor plates. Currently has a working elevator which services all floors and two internal staircases.
The building is not burdened with by leases and will be attractive to a variety of purchasers including residential developers, commercial investors, or end-users who wish to rent it out for income.
104th street between 1st & 2nd Ave
Closest subway station is Lexington Ave & 103rd St., 4-5-6 Express
