316 Pleasant Ave, New York, NY 10035

Property Description

316 PLEASANT AVENUE BETWEEN EAST 116 STREET and EAST 117 STREET IN NEW YORK CITY'S EAST HARLEM NEIGHBORHOOD. Competitively Priced at only $1,400,000. RARE Opportunity to Purchase Vacant Land in Manhattan in the Prime East Harlem Neighborhood with Approved New York City and State Building Plans of a Luxury 6-Story 8-Unit Luxury Condominium. Graciously-sized lot measuring 25 Feet Wide by 98 Feet Long. Total Lot Area: 2,450 Square Feet. Walls have been whitewashed, sealed (waterproofed) and the structure is ready for an incredible buildout. 6 (Six) Story Residential Condominium Building with Proposed 8 (Eight) Units (14 Units Allowable) with Cellar and Penthouse Level. Building Plans are designed and certified by Angelo NG + Anthony NG Architects Studio P.C. Approximate Residential Buildout Area Proposed: 9,550.80 Square Feet (and possibly a few thousand more with CITY of YES initiative). 316 Pleasant Avenue is located around the corner/block from the area's prized East River Plaza Complex (Costco, ALDI Grocery, etc.) and the East River where access to its pedestrian boardwalk path is within a 10 minutes walk in either direction. Please inquire for more information about this property including the details for the approved plans for the condominium complex. Block: 01715 Lot: 0049 Zone District: R7A Zoning Map: 6B Maximum FAR: 4.0 Rental Building Development and "CITY OF YES" opportunity would provide additional buildout square footage and a lower cost basis. Great opportunity to take advantage of citywide incentives.