NEW YORK CITY- Cushman & Wakefield has been retained to arrange the sale of 2265-2267 Second Ave., two mixed-use developments totaling 8,000 square feet in Harlem. The properties are equipped with R9A zoning with a maximum FAR of 8.50 and 23,800 buildable square feet as-of-right. Jordan Sutton and Robert Shapiro of Cushman will represent the seller in all marketing efforts.

"This is truly a rare opportunity for an investor/developer to purchase and rehabilitate two free-market assets in one of the most vibrant, up-and-coming neighborhoods in Manhattan," said Sutton in a prepared statement. "Future ownership will benefit from the new Second Avenue subway and close proximity to the heavily foot trafficked 116th Street retail corridor."

The properties at 2265-2267 Second Ave. contain two vacant, four-story, free-market structures measuring 8,000 square feet on 116th and 117th Streets in the newly-rezoned section of East Harlem. The buildings are configured as two separate three-family homes with a commercial space underneath both. The property on 2265 Second Ave. has approved plans for three, three-bedroom apartments with one commercial store, providing an opportunity to the investor to begin work immediately upon closing.

Located within walking distance to the 116th Street subway station where the 6 train can be accessed, are multiple bus routes. The properties are located within proximity to major roadways including the FDR Drive, I-495 and The Grand Central Parkway.

Instant Insights /

Cushman Markets East Harlem Mixed-Use Developments For Sale

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