418 E 115th St
New York, NY 10029
418 East 115th Street · Flex Property For Sale

Built in 1900 418 E 115th Streets history began as a horse stable and in later years had utilizations for brewing and tile manufacturing. Today the vacant property hands over distinctive potential and opportunity in its transfer. With alteration and/or conversion any transformation could yield an excellent asset. The structure holds a one unit commercial CO with a F5 Building Class on a R7-B block. To a mixed use opportunist this is excellent in terms of maximum ability. The property has DOB approved plans for development (commercial-ground/basement level, residential-second/third floors) and as the property is zoned residential as of right making full inhabited use of the building is also a probability. Opportunities for investment or end use are of a live/work place, residential, and/or commercial alternative. The total measured space is approximately 9,700 sqft. 7,425 sqft above grade plus a 2,425 sqft functional basement. Original elevator shaft, skylight, windows, shutters and doors, earliest architectural detail and lofty full floors built 25ft x 97ft. There is a loading dock, private curb cut, a maximum FAR of 3 (built at 2.88) and rear and roof that may add to its measure. 418 is set on the south side of East 115th Street between Pleasant and First Avenues in a favorite Manhattan enclave which boarders East River and its FDR Drive, Thomas Jefferson Park, Randall' s Island and East River Plaza. Convenient to key highways and bridges and easily accessible via public transportation as there are few bus lines routing the area, the Metro North, and the 6 subway line on 116th Street and Lexington Avenue. The location will also benefit from the approved 116th street stop for the Second Avenue Subway. As for shops, amenities, and famed and newly established restaurants there are plenty. Like owner Pat from the uber local Love Café says: this has always been like a real neighborhood!