86

Livability Score

2323 1st Avenue

East Harlem
FOR SALE
EST. $10076 / MO
$2,699,000
$421/sq ft
DETAILS
2 bedrooms 6406 sq ft
1 bathroom Zip: 10035
Purchase MLS: 13117

Harlem Lofts latest exclusive listing. An East Harlem corner lot mixed-use development project or medical facility that is and will be delivered VACANT!Multiple Development Options Available including but not limited to: Build a 6-story mixed-use luxury rental building with commercial on the ground floor and free market apartments upstairs yielding a cap rate ~ 7.2%. Build and Sell luxury condos and earn a gross ROI of ~ 80% (40% annualized based on a 2-year project). Medical Offices: finish buildout for medical offices and use for a medical practice, it's perfect for an urgent care facility.2323 First Avenue is a 2-story, 4500 sq ft building on a high-traffic corner in a rapidly developing section of East Harlem. Built full on a 25' X 90' lot this vacant building is currently configured as a medical clinic with a Certificate of Occupancy for medical and professional offices. Some othe important building facts: Zoned R7X with a C1-5 overlay Max FAR of 5.0 Maximum building height of 120ft Parcel offers over 11,400 total buildable sq feet. Located a few blocks from Costco, 125th Street, the 4/5/6 subways. If you max out the FAR your all-in project cost in $/gross sq ft post development is ~ $483 sf.Pleae email for all inquiries; no text messages please.

Additional listing info available.

Estimate mortgage
20%
$10076/MO

3.812% Interest

30 YR Fixed

This property has mostly high ratings.

Bank Vault

87

You'll be doing the S.A.F.E.T.Y. dance

It's so safe at 2323 1st Avenue you can dance in your underwear with the blinds open

Green-ish

67

It's fairly clean up in here

Nothing's going to make you act a fool up in 2323 1st Avenue

Amazing

91

An amazing quality of life

It's like having the Midas touch without the downside at 2323 1st Avenue

Dirt Cheap

99

It's like Publisher's Clearing House just rang your doorbell.

Living at 2323 1st Avenue will literally make you feel like you've won the grand prize - every day

Safety

87

You'll be doing the S.A.F.E.T.Y. dance


It's so safe at 2323 1st Avenue you can dance in your underwear with the blinds open

Violent
Violent
Not much violent crime around here
Non violent
Non Violent
A really safe place to live
Security
Security
No security related issues to note

Environment

67

It's fairly clean up in here


Nothing's going to make you act a fool up in 2323 1st Avenue

Health
Health
Environmental health issues shouldn't be a problem
Outdoor
Outdoor
Below average street cleanliness
Utilities
Utilities
Heat and water systems seem to be functional
Pest control
Pest Control
This building appears to be pest-free

Quality

91

An amazing quality of life


It's like having the Midas touch without the downside at 2323 1st Avenue

Noise
Noise
Noise does not appear to be a significant issue for residents
Physical condition
Physical Condition
Building appears to be in excellent shape
Nuisance
Nuisance
No apparent nuisance issues
Building management
Building Management
No history of conflict between residents and management

Expenses

99

It's like Publisher's Clearing House just rang your doorbell.


Living at 2323 1st Avenue will literally make you feel like you've won the grand prize - every day

Utility expenses
Utility Expenses
Low utility expenses
Other expenses
Other Expenses
Court cases
Court Cases
No significant court cases reported
Other info
Other Info
Investigate this section further to learn about other potential issues

All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

The information provided is for personal, non-commercial use and may not be used for any other purpose.