2047 2nd Ave

Buildable Lot available for sale on the Northwest corner of East 105th Street and 2nd Avenue in vibrant East Harlem. 9 blocks away from 96th & 2nd Ave Subway. Perfect time to build and invest is now as this area will explode once new 2nd Avenue subway line extension gets into place near 103rd and 2nd. Preliminary Zoning Analysis by the Sellers Architect is below. Must be verified by MTA (for 2nd Ave Subway Extension) for approval. - R9A Zoning with MIH (Mandatory Inclusionary Housing) component allows for an FAR of 8.5 (around 20k buildable sf) - 5, 696 sf of floor area Air Rights to be transferred from Lot 22 (i.e. adjacent building 2049 2nd Ave which is the same owner). This will yield approx. 25, 705 total BSF - this will also leave 6, 631.98 sf available on Lot 22 after existing building is deducted - 14 stories at 9'-7 floor to floor (134'-9 total building height) - Building Footprint = 1, 862.3 sf - Total of 27 Dwelling Units (931 sf Gross Floor Area per unit) - Some of the above may be deducted if developer wants to utilize ground floor for a commercial space and resident lobby use; this will still give you 26 residential units on floors 2-14 (2 units per floor, front & rear) Seller also has the adjacent building at 2049 available for sale which is an income-producing mixed-use free market investment property consisting of 12 Units above a Commercial space and willing to do a package deal for both properties. Setup sheet available upon request