303 East 111th Street

303 East 111th Street

New York, NY 10029
$1,950,000

CONTACT

Principal
212-875-1800 Ext. 2
Director
212-875-1800 Ext. 6
  • Development Site Advisors® is pleased to announce that we have been exclusively hired to market and arrange for the sale of 303 East 111th Street, New York, NY 10029 (“The Property”).
  • The Property consists of a 27.08’ x 100.92’ lot currently improved by a 2,733 square foot warehouse, which will be delivered vacant.
  • The Property is located in East Harlem, on East 111th Street in between 1st and 2nd Avenue.
  • The ± 2,733 SF lot, in a split zone of R7A and R9A, with a C2-5 Commercial Overlay, offers ± 23,231 buildable residential SF.
  • Given the sliver law, approximately 12,299 ZFA is usable and the remaining 10,932 ZFA can be sold to adjacent properties.
  • The R7A/R9A/C2-5 zoning allows for a residential building with ground floor retail.
  • MIH requirement is waived for this site as the Max Buildable is less than 12,500 SF and the unit count will be 10 or less.
  • The property benefits from being one block away from Thomas Jefferson Park, a 5-minute walk to the 110th Street 6 Train and 4 blocks from the proposed East 106th Street Q Train on Second Avenue.
Location Description
North Side of East 111th Street between 1st and 2nd Avenue
Borough/Block/Lot
Northern Manhattan / 1683 / 104
Neighborhood
Lot Size
2,733 SF
Existing SF
2,732 SF
Building Class
E2
Assessed Value
R.E. Taxes
Subway Access 46
Bus Lines
M15, M106
Community District
Zoning District
Inclusionary
Mandatory Inclusionary Housing Area
Residential FAR | ZFA
8.50/4.00 | 23,231 SF
Commercial FAR | ZFA
2.00 | 5,466 SF
Facility FAR | ZFA
7.50/4.00 | 20,497 SF
Max ZFA with Bonuses
23,231 SF
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303 East 111th Street

New York, NY 10029
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CONTACT

Principal
212-875-1800 Ext. 2
Director
212-875-1800 Ext. 6