Cushman & Wakefield is pleased to present a truly rare opportunity for an investor/developer to purchase and rehabilitate a five-story, vacant brownstone located on a prime tree lined block in East Harlem. 176 East 108th Street is located on the south side of East 108th Street between Lexington and Third Avenues. This 5,100 SF vacant building is in need of a complete rehabilitation. Previously configured as five units, this property offers buyers a blank slate for personal customization. There are an additional 1,764 square feet of air rights providing new ownership with the option to expand the property for a total of 6,864 square feet. Future ownership will benefit from the recent approval of the East Harlem Rezoning. The East Harlem rezoning initiative which was passed on November 30th, 2017 has spurred an uptick which will substantially transform one of Manhattans most historic neighborhoods. Shopping, restaurants, and entertainment are all in close proximity and continue to expand as more and more people are drawn towards the area. The building is within close proximity to the 6 subway line located on 110th Street and Lexington Avenues and has access to numerous bus lines that service the area providing future ownership with a fantastic opportunity to invest in a prime East Harlem location.Please contact Jordan Sutton for all inquires.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
