The submarket reports are an in-depth look at the specific Investment Sales markets in Brooklyn, Bronx, Manhattan, Northern Manhattan and Queens.
We seek to provide our readers with an overview of the market activity, benchmark transactions, and pricing trends that impact each individual real estate market.
2 Contiguous Hamilton Heights Multifamily Buildings:
624 & 630 West 139th Street
Spanning approximately 35,320 combined gross square feet, these walk-up buildings contain 42 spacious residential units. R8 zoning provides investors the opportunity to capitalize on an additional 24,832 gross square feet of air rights for future development.
East Harlem Mixed-Use Development Site:
2031-2033 3rd Avenue
This 50’ x 100’ (irregular) property was recently rezoned to R9/C2-5 (FAR: 9.00/2.00), which provides approximately 43,875 buildable square feet (as-of-right) for a mixed-use development.
Single Story, Single Tenant w/ Air Rights:
117-14 Liberty Avenue
Located in South Richmond Hill, this property is a single-story retail property with one tenant occupying the entire building. The zoning for the subject property is R6B/C2-3 allowing for a new owner to build over 1,700sqft for either residential or commercial.