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INVESTMENT HIGHLIGHTS
- Superior Location
- Stable Income with Rent Growth
- Commercial Suites
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment properties located at 2129 3rd Avenue, and 2131 3rd Avenue in New York, New York (the “Property”). The Properties are in the East Harlem neighborhood of Manhattan and contain a total of twenty (20) units comprised of four (4) commercial units and sixteen (16), 1-Bedroom/1- Bathroom units with 13,790 total square feet on a combined 3,380 square feet of land. Additionally, the Properties have approximately 20,010 square feet of Air Rights. This unique opportunity is ideal for an investor looking to add value to the Properties, or an end-user. The Properties are situated in an incredible urban infill location in the East Harlem neighborhood of Manhattan. 2129 and 2131 3rd Avenue are positioned on the east side of Third Avenue between East 116th and East 117th streets. The Properties enjoy convenient access to the MTA bus line, several subway stations, FDR Drive, Interstates 278 and 95, and the Third Avenue, Willis Avenue, and RFK Bridges. The Properties are 0.75 miles from Central Park and 0.5 miles from Thomas Jefferson Park and enjoy convenient access to area amenities including countless restaurants, retailers, businesses, and service tenants. The Properties are close to several area schools and are convenient to Columbia University, Hunter College, and Randalls Island, and just a short walk from popular neighborhoods including the Upper East Side and Upper West Side. The Properties offer the rare opportunity to acquire twenty (20) units in one of the country’s best performing real estate markets.
PROPERTY FACTS
| Price | $7,328,580 CAD | Number of Properties | 2 |
| Price / SF | $550.65 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.02% | Total Building Size | 13,309 SF |
| Sale Type | Investment | Total Land Area | 0.08 AC |
| Status | Active |
| Price | $7,328,580 CAD |
| Price / SF | $550.65 CAD / SF |
| Cap Rate | 7.02% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,309 SF |
| Total Land Area | 0.08 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2131 Third Ave, New York, NY 10035 | Multifamily | 6,900 SF | 1980 | - |
| 2129 Third Ave, New York, NY 10035 | Multifamily | 6,409 SF | 1980 | - |
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2129-2131 3rd Ave
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