2nd Ave Harlem Portfolio for Sale 6 Properties Offered at $47,939,849 CAD in New York, NY

This is a rare opportunity to acquire an entire block on 2nd Ave in Harlem. It consists of six contiguous buildings, including four five story walk-up apartment buildings, one one-story retail building, and one two-story retail building, comprising 60 apartments, 12 commercial spaces, and one antenna.
The portfolio supports 115,700 square feet of additional buildable area, representing the embedded air-rights value. Additionally, the site qualifies for the Qualifying Affordable Housing (QAH) density bonus, increasing allowable density beyond standard residential zoning. Based on as-of-right zoning, approximately 160 new residential units can be developed. The Inner Transit Zone location eliminates parking requirements, enhancing project feasibility and reducing costs.
Positioned along a corridor experiencing major investment and redevelopment, the site benefits from the upcoming Second Avenue Subway extension, which will increase accessibility and long-term demand. This offering combines stabilized income with substantial upside for mixed-use development in a rapidly evolving neighborhood.