1968 2nd Ave, New York, NY 10029

This is a rare opportunity to acquire an entire block on 2nd Ave in Harlem. It consists of six contiguous buildings, including four five story walk‑up apartment buildings, one one‑story retail building, and one two‑story retail building, comprising 60 apartments, 12 commercial spaces, and one antenna.

The portfolio supports 115,700 square feet of additional buildable area, representing the embedded air-rights value. Additionally, the site qualifies for the Qualifying Affordable Housing (QAH) density bonus, increasing allowable density beyond standard residential zoning. Based on as-of-right zoning, approximately 160 new residential units can be developed. The Inner Transit Zone location eliminates parking requirements, enhancing project feasibility and reducing costs.

Positioned along a corridor experiencing major investment and redevelopment, the site benefits from the upcoming Second Avenue Subway extension, which will increase accessibility and long-term demand. This offering combines stabilized income with substantial upside for mixed-use development in a rapidly evolving neighborhood.