For Sale: Two Multi-Use Five Story Semi-Detached Buildings
Building Name:East 105th & East 106th Street Address: 1908-1910 3rd Avenue Web Id: 24
Building - 0 Bathroom
Offered at: $11,000,000
These two multi-use, non-landmarked, semi-detached buildings are located in a bustling commercial area with high pedestrian traffic. Each building has 5 stories with a combined thirty-two one bedroom units, two basements and two commercial spaces (needs renovation & COO for upper floor units). Both buildings are vacant except for one retail tenant T-Mobile until 2013 bringing in approx. $135,000 annually. The commercial space in the other building is empty but has a potential for approx. $150,000 annually. Additional FAR allows for construction of 2 or 3 more floors per building.
Possible development site with ability to add 4-5 floors in each building and with a combined frontage of over 50 feet and zoned for residential, commercial, and community facility uses, the potential for conversion and development is boundless.
Location Westside of Third Avenue btw East 105th & East 106th Street | Building Type: Commercial / Residential / Community Facility | Block / Lot: Block 1633 / Lots: 35-36 | Lot Size Each lot is 25.25 x 100; Total combined area 5,050 Sqft approx | Building Size: Each building measures 25.25 x 82; combined area 19,780 Sqft approx | Zoning / Far Residential: R8A / 6.02 Commercial: C1-5 / 2 Community facility: Far 6.5 | Zoning Map 6b | Year Constructed: 1910 | Stories 5 Additional Buildable Each Building 5327.75 Sqft, Total of 10,655.5 Sqft approx. | Air Rights Far 2.11 | Assessment Taxes Lot 1633-35: $17,401 & Lot 1633-36: $27,387
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