206 East 117th Street

East Harlem   |   Lexington Avenue & Third Avenue

Building for sale
$ 1,950,000
Ownership Mixed Use
Floors/Apts 4/3
Status Active
Real Estate Taxes [Per Annum] $ 3,848
Building Type Low-Rise
Year Built 1910
ASF/ASM 3,680/342
Listing ID: 80444TH

Property Description

Compass proudly presents 206-208 East 117th Street, two side-by-side multifamily buildings located in close proximity to the 3rd Avenue Commercial Corridor in vibrant in East Harlem. The two combined buildings total approximately 7,750 gross square feet and bene?t from 40' of frontage just off of the rapidly developing Third Avenue corridor. The current layout consists of three (3) residential units and one (1) commercial unit in each building. This opportunity can be delivered vacant at closing. With C-4 / EHC included, the property offers developers approximately 23,750 square feet of air rights for future development. The building is also in close proximity to several transportation outlets, including the 125th Street Metro-North line along Park Avenue and express 4, 5, 6 subway lines along Lexington Avenue. The 116th Street 2nd Avenue line is planned to have another train station at 116th street. There are also several cross-town buses on 116th Street including the M116, M102, and M7. Retail neighbors include Maxell's, Pipos, Terenga, Patsy's, and Amor Cubano. Major supermarkets are only 1-2 blocks from the property, and the East River Plaza is only a half-mile away, and includes major retailers such as Costco, Target, Burlington Coat Factory, Applebee's, Petsmart, and Planet Fitness, among others. Offered at: $3,900,000 for both.
Compass proudly presents 206-208 East 117th Street, two side-by-side multifamily buildings located in close proximity to the 3rd Avenue Commercial Corridor in vibrant in East Harlem. The two combined buildings total approximately 7,750 gross square feet and bene?t from 40' of frontage just off of the rapidly developing Third Avenue corridor. The current layout consists of three (3) residential units and one (1) commercial unit in each building. This opportunity can be delivered vacant at closing. With C-4 / EHC included, the property offers developers approximately 23,750 square feet of air rights for future development. The building is also in close proximity to several transportation outlets, including the 125th Street Metro-North line along Park Avenue and express 4, 5, 6 subway lines along Lexington Avenue. The 116th Street 2nd Avenue line is planned to have another train station at 116th street. There are also several cross-town buses on 116th Street including the M116, M102, and M7. Retail neighbors include Maxell's, Pipos, Terenga, Patsy's, and Amor Cubano. Major supermarkets are only 1-2 blocks from the property, and the East River Plaza is only a half-mile away, and includes major retailers such as Costco, Target, Burlington Coat Factory, Applebee's, Petsmart, and Planet Fitness, among others. Offered at: $3,900,000 for both.

Listing Courtesy of Compass

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Apartment Features

A/C
206 East 117th Street East Harlem New York NY 10035

Building Details [206 East 117th Street]

Ownership Mixed Use
Service Level Voice Intercom
Access Walk-up
Block/Lot 1666/144
Building Type Low-Rise
Year Built 1910
Floors/Apts 4/3

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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