322-324 East 116th St - East Harlem, New York
The Joshua Sloyer Team at Douglas Elliman Real Estate has been retained on an exclusive basis to represent the sale of 322 and 324 East 116th Street.Rarely available: These two side-by-side buildings combined have 40 feet of frontage on East 116th and offer the purchaser a unique opportunity to reposition or redevelop an asset on a prime East Harlem thoroughfare, in a rapidly changing neighborhood. Combined, as built, 322 and 324 East 116th have 6 residential apartments and 2 retail commercial spaces. The properties will be delivered vacant. The end user can renovate and reconfigure to 4 two-bedroom apartments and 2 one-bedroom apartments and 2 retail units; there is also an additional approximate 4000 sq feet of buildable square footage that can be used to build additional apartments. Alternatively, based on an initial zoning study, 18 residential apartments can be built by demolishing the buildings and developing new construction rental apartments or condominiums. Please email the listing broker for complete set-up and additional information.
This listing courtesy of Douglas Elliman