Perfect for 1031 exchange!!!
Located in the rapidly expanding neighborhood of East Harlem, an area slated for considerable growth given the City's East Harlem proposed rezoning initiatives.
1649 Park Avenue is a three-story walk-up corner building between 116th Streets and 117th Streets. The building is comprised of retail space occupied by Armonie Pizza Bistro and two 2 bedroom residential units are free market.
Built in 1900 this 2,294 sq.ft. building is 55% Residential, 45% Retail and contains 2 residential units and 1 non-residential units.
1649 Park Avenue is conveniently located near the 2,3,4,5 & 6 trains. The M15,M101 & M103 are steps away. Costco,Target and the Burlington Coat Factory are located at 517 E 117th St.
Lot area is 1,028 sq ft (15.83' x 64.92').
Primary zoning: R7-2 Commercial Overlay: C2-4
Floor Area Ratio: 2.23
Max. Allowable Residential FAR: 3.44
Max. Allowable Commercial FAR: 0
Max. Allowable Facility FAR: 6.5
This information is not verified for authenticity or accuracy and is not guaranteed and may not
reflect all real estate activity in the market.
REBNY Listing Service, Inc. All rights reserved.
Courtesy of oxford property group