1908-1910 3rd Avenue, New York, NY 10029

Harlem, New York, New York 10029

$20,995,000  

Listing ID Number

24912

Property Description

1908-1910 3rd Avenue are two adjacent, five story, mixed-use buildings located on the west side of 3rd Avenue between East 105th and East 106th Streets. These properties are comprised of 12 one-bedroom, 20 two-bedroom residential apartments along with two national retail stores. The entire building was recently gut renovated and an extension was added to the ground floor retail at 1908, and an incoming investor has the option of extending the 1910 retail. The thoughtfully and efficiently configured apartments are currently renting at an average of $2,309 per month. Tenants benefit from the property’s close proximity to various 3rd Avenue retail stores which include Foot Locker, KFC, Chase Bank, Burger King, Taco Bell, Dunkin Donuts and McDonald’s, along with neighborhood anchors such as The East River Plaza and various schools. Public transportation is easily accessible via the 6 subway line at East 103rd Street as well as numerous bus lines that service the area.

Overview

Building Type:Mixed-Use Investment Buildings
Location:Located on the west side of 3rd Avenue between East 105th and East 106th Streets
Block/Lot:1633/35,36
Residential Units:32
Commercial Units:2
Building Sq Ft:20256
Building Dimensions:50.5' x 82'

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Robert M. Shapiro
Executive Managing Director
(212) 660 7717
robert.shapiro@cushwake.com

Jonathan Trock
Associate
(212) 589 5156
jonathan.trock@cushwake.com

Jordan Sutton
Associate
(212) 589 5101
Jordan.Sutton@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.