2169 3rd Avenue
Land | 30,000 BSF
Marketing description
2169 3rd Avenue offers a boutique development opportunity in East Harlem, currently improved with a 5,000 SF single-story building, including basement. The property is zoned C4-6 (R10 equivalent) and allows for approximately 25,000 buildable square feet as-of-right, with up to 30,000 buildable square feet with bonuses, subject to Mandatory Inclusionary Housing. Situated on a 2,500 SF lot with 25 feet of frontage along 3rd Avenue, the site benefits from strong transit access, active corridor momentum, and surrounding national and neighborhood retail.
All information is from sources deemed reliable but is not guaranteed and is subject to errors, omissions, change in price, terms, or withdrawal without notice. Buyer is responsible for independently verifying all zoning, FAR, ZFA, and development potential with their own architect, attorney, and other professional advisors.
Investment highlights
- Prime East Harlem Development Site: Boutique‑scale opportunity suited for private or institutional investors seeking manageable execution risk.
- Explosive 3rd Avenue Corridor Momentum: 2169 sits at the epicenter of East Harlem's transformation, surrounded by institutional-grade new construction and major mixed-use projects driving premium development site values.
- Transit-Oriented Growth Catalyst: Steps from E 116th St (6 train) and E 125th St (4/5/6), plus proximity to the anticipated 2nd Avenue Subway extension.
- Established Retail Corridor: Anchored by national tenants including TD Bank, McDonald’s, and Rite Aid, along with a diverse mix of neighborhood-serving retail.
- Exceptional Development Potential: C4-6 zoning unlocks ~25,000 BSF as-of-right, expandable to 30,000 BSF with bonuses (MIH applicable).
- Optimal Financeable Scale: Compact 2,500 SF site vs. larger corridor benchmarks—2162 3rd Ave ($146/BSF sold), 2197 3rd Ave ($170/BSF under contract, price pending)—delivering superior capital efficiency.
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