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2256-2260 3rd Avenue 2 Properties Offered at $13,105,493 CAD in New York, NY
Investment Highlights
- Corner mixed-use portfolio offering up to 75,920 buildable square feet.
- Prime East Harlem location with excellent transit access and visibility.
- Steps from 125th Street transit hub and Metro-North Railroad station.
- Significant unused air rights of 50,720 square feet for vertical expansion.
- Current configuration includes 7 retail units and 2 residential apartments.
- Surrounded by new developments, retail, and cultural destinations.
Executive Summary
Strategic Manhattan Location:
Prime investment opportunity featuring a contiguous property footprint situated at 2256 3rd Avenue and 2258-2260 3rd Avenue in a high-demand pocket of New York, NY (10035).
Substantial Existing Asset Footprint:
Features a combined existing structure footprint of 25,200 gross building square feet distributed across the properties (4,725 SF at 2256 3rd Ave and 20,475 SF at 2258-2260 3rd Ave), providing immediate scale and asset footprint.
Significant Long-Term Development Capacity:
The combined 3rd Avenue footprint holds an impressive 75,920 maximum buildable square feet across a total lot footprint of 7,592 square feet, unlocking substantial future redevelopment scale under Mandatory Inclusionary Housing (MIH) guidelines.
Significant Unused Air Rights:
Immediate project flexibility with 50,720 square feet of available air rights across the two properties to maximize future vertical development.
Current Unit Configuration:
Configured with 9 total existing units, consisting of 7 commercial spaces (1 at 2256 3rd Ave; 6 at 2258-2260 3rd Ave) and 2 residential units (both located at 2256 3rd Ave).
High-Density Zoning Profile:
Exceptional zoning benefits from favorable C4-6 / EHC (MIH) designations, enabling a strong Floor Area Ratio (FAR) potential of up to 10.00 to optimize long-term design layouts.
Transit and Accessibility:
Excellent commuter convenience with immediate access to major Manhattan transportation networks, including the 4, 5, and 6 subway lines at the nearby 125th Street / Lexington Avenue station and the Metro-North Railroad station at 125th Street, alongside multiple local M101, M102, and M103 bus routes running directly along Third and Lexington Avenues.
Vibrant Location and Neighborhood:
Situated in a rapidly evolving corridor of East Harlem, the site is surrounded by a rich mix of local retail hubs, diverse dining options, and public community parks, placing future development directly in the path of ongoing residential demand.
Prime investment opportunity featuring a contiguous property footprint situated at 2256 3rd Avenue and 2258-2260 3rd Avenue in a high-demand pocket of New York, NY (10035).
Substantial Existing Asset Footprint:
Features a combined existing structure footprint of 25,200 gross building square feet distributed across the properties (4,725 SF at 2256 3rd Ave and 20,475 SF at 2258-2260 3rd Ave), providing immediate scale and asset footprint.
Significant Long-Term Development Capacity:
The combined 3rd Avenue footprint holds an impressive 75,920 maximum buildable square feet across a total lot footprint of 7,592 square feet, unlocking substantial future redevelopment scale under Mandatory Inclusionary Housing (MIH) guidelines.
Significant Unused Air Rights:
Immediate project flexibility with 50,720 square feet of available air rights across the two properties to maximize future vertical development.
Current Unit Configuration:
Configured with 9 total existing units, consisting of 7 commercial spaces (1 at 2256 3rd Ave; 6 at 2258-2260 3rd Ave) and 2 residential units (both located at 2256 3rd Ave).
High-Density Zoning Profile:
Exceptional zoning benefits from favorable C4-6 / EHC (MIH) designations, enabling a strong Floor Area Ratio (FAR) potential of up to 10.00 to optimize long-term design layouts.
Transit and Accessibility:
Excellent commuter convenience with immediate access to major Manhattan transportation networks, including the 4, 5, and 6 subway lines at the nearby 125th Street / Lexington Avenue station and the Metro-North Railroad station at 125th Street, alongside multiple local M101, M102, and M103 bus routes running directly along Third and Lexington Avenues.
Vibrant Location and Neighborhood:
Situated in a rapidly evolving corridor of East Harlem, the site is surrounded by a rich mix of local retail hubs, diverse dining options, and public community parks, placing future development directly in the path of ongoing residential demand.
Property Facts
| Price | $13,105,493 CAD | Number of Properties | 2 |
| Price / SF | $541.55 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 24,200 SF |
| Status | Active | Total Land Area | 0.19 AC |
| Price | $13,105,493 CAD |
| Price / SF | $541.55 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 24,200 SF |
| Total Land Area | 0.19 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2258-2260 Third Ave, New York, NY 10035 | Office | 20,000 SF | 1930 | - |
| 2256 Third Ave, New York, NY 10035 | Retail | 4,200 SF | 1925 | - |
(212) 544-9500
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Contacts
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Victor Sozio -
Alexander Taic -
Shimon Shkury -
Morgan Rosberg -
Ariel Property Advisors
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