2169 3rd Ave

East Harlem Boutique Development Opportunity (25,000 to 30,000 BSF)

2169 3rd Avenue offers a boutique development opportunity in East Harlem, currently improved with a 5,000 SF single story building, including basement. The property is zoned C4-6 (R10 equivalent) and allows for approximately 25,000 BSF as of right with up to 30,000 BSF with bonuses, subject to Mandatory Inclusionary Housing. Situated on a 2,500 sf lot with 25 feet of frontage along 3rd Avenue, the site benefits from stong transit access access, active corridor momentum, and surrounding national and neighborhood retail.

Property Highlights:

• Prime East Harlem Development Site: Boutique‑scale opportunity suited for private or institutional investors seeking manageable execution risk.
  
  
• Explosive Corridor Momentum: 2169 sits at the epicenter of East Harlem's transformation, surrounded by institution-grade new construction and major mixed-use projects driving premium development site values.
  
  
• Premier Transit Access: Steps from E 116th St (6 train) and E 125th St (4/5/6), plus proximity to the anticipated 2nd Ave Subway extension. 
  
  
• Blue Chip Retail: Anchored by national powerhouses TD Bank, McDonald's, and Rite Aid within a thriving neighborhood retail ecosystem.
  
  
• Exceptional Development Potential: C4-6 zoning unlocks ~25,000 BSF as of right expandable to 30,000 BSF with bonuses (MIH applicable). 
  
  
• Optimal Financeable Scale: Compact 2,500 SF site vs. larger corridor benchmarks - 2162 3rd Ave. ($146/BSF sold) and 2197 3rd Ave (asking ~$170/BSF, in contract; pricing pending)- delivering superior capital efficiency.