2174 2nd Avenue
Land | 16,913 BSF
Marketing description
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 2174 2nd Avenue – Harlem, NY.
The property is a 25' by 75' vacant lot located on the east side of Second Avenue between East 111th and East 112th Streets in East Harlem, Manhattan. The site is zoned R9A with a C2-5 commercial overlay and sits within the East Harlem Corridors (EHC) Special District along a wide-street, supporting up to approximately 16,913 BSF of mixed-use development with Inclusionary Housing – or up to ~14,100 BSF for mixed-use development without triggering MIH for projects of 10 units or fewer. Delivered vacant and benefiting from its proximity to the forthcoming 116th Street Second Avenue Subway station, 2174 Second Avenue offers investors and developers an opportunity to capitalize on East Harlem's transit-driven growth trajectory.
Investment highlights
- Vacant Site 25' x 75' lot | 1,875 SF
- Zoning R9A / C2-5 zoning | Up to 16,913 BSF with Inclusionary Housing
- Transportation Short walk to the Subway line at 110th Street and the future Q line at 116th street
- Location Situated in a Qualified Opportunity Zone in East Harlem - A neighborhood undergoing significant growth driven by residential development, infrastructure upgrades, and transit expansion.
- MIH Exemption Available MIH not applicable if project contains not more than 10 units and not more than 12,500 residential floor area
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