Harlem Lofts is pleased to present our Latest East Harlem Exclusive Build a 6 story Luxury Rental Building and earn Over 7.2% CAP rate. Build and Sell Luxury Condos and earn an approx gross ROI of approx 80%, 40% annualized ROI based on a 2 year project duration. Renovated Existing Building: an continue its current use. Harlem Lofts is pleased to present our newest East Harlem opportunity: 2323 First Avenue is a 2 story, 4500 sq ft building on a high-traffic corner in a rapidly developing section of East Harlem. Built full on a 25' X 90' lot, this vacant building is zoned R7X with a C1-5 overlay and a max FAR of 5. With a maximum building height of 120ft, this parcel offers over 11,400 total buildable sq feet. Located a few blocks from Costco, 125th Street, the 4/5/6 subways. Maxing out the FAR, the all-in project price $/gross sq ft after development is approx $483. Please email Sales@HarlemLofts.com for all inquiries; no text messages please. harlemlofts15686
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