This is an Incredible and rare mixed use building, in the Heart Of East Harlem, where all the investors are interested in a deal like this. Both 149 & 151 East 116th street, have a combined frontage of 34 feet wide. This building can be connected to another 2 buildings that are also for sale, on 116th street and on Lexington avenue, as a package for a massive redevelopment with significant air rights. This is 1 out of 4 buildings being sold as a package deal. The owners would prefer to sell all buildings at once, but may be open to individual sales. This building has 3 apts and 2 commercial spaces, which can be a great income producing investment. Close proximity to the 6 train and multiple bus routes. East River Plaza Mall is a stone through away, which has multiple department stores like, Costco, Target, Burlington, Marshalls, Aldi to name a few. / Asking price is per building...
Floor Area Ratio (FAR)Residential FAR 7.52
Facility FAR 10
FAR as built 3.78
Allowed usable floor area 10,227
Usable floor area as built 5,14
Unused FAR 5,086
Square feet 5,134
Building dimensions17 ft x 80 ft
Zoning districts R9, C2-5, EHC
Lot sqft 1,360
Lot dimensions 17 ft x 80 ft
Note that the above is given for information only, as a very basic explanation of FAR and Development Rights (generally and related to specific property).