2197 3rd Avenue

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Address: 2197 3rd Ave, New York, NY 10035, USA
New York & Tri-State + Land/Development
Created date: January 30, 2025
Date last updated: July 28, 2026
Price: $18,000,000Investment Analyzer NEW!
  • 421A-approved development opportunity with approved plans located in the heart of East Harlem, Manhattan.
  • The property consists of a 9,300 SF lot with approved plans for a total zoning floor area of 105,590 SF as-of-right—98,300 SF designated for residential use, 5,842 SF for commercial use, and 1,447 SF for a community facility.
  • Property will be delivered with approved plans for a 141-unit mixed-use building, comprising 51 studio units, 63 one-bedroom units, 25 two-bedroom units, one commercial space, and one community facility.
  • The development will include a total of 38 affordable units.
  • The property benefits from a 421A tax abatement, capping taxes on the completed project.
  • Ideally situated near the 3 Ave - 138 St [6] Subway Station, offering convenient access to Midtown and other parts of Manhattan.

Property Description

Asset CRG Advisors has been exclusively retained to market 2197 3rd Ave, New York, NY 10035, a 421a-approved development opportunity in the heart of East Harlem, Manhattan. The property consists of a 9,300 SF lot with approved plans for a 105,590 buildable SF as-of-right mixed-use building. The zoning breakdown includes 98,300 SF for residential use, 5,842 SF for commercial use, and 1,447 SF for a community facility Approved plans call for 139 residential units, featuring 51 studio apartments, 63 one-bedroom apartments, and 25 two-bedroom apartments. The project also includes a 5,842 SF commercial space and a 1,447 SF community facility. A total of 38 units will be designated as affordable housing. The property benefits from a 421a tax abatement, offering significant tax savings for investors. Located near the 3 Ave - 138 St [6] Subway Station, the site provides excellent connectivity to Midtown and other parts of Manhattan. This shovel-ready project presents a prime opportunity for developers and investors to capitalize on the growing demand for residential projects in East Harlem.
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Broker Details

Sadya Liberow
Sadya Liberow

Asset CRG Advisors, LLC. (347) 762-4055

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Land/Development
Price: $18,000,000
Lot Size: 0.21 Acres
Opportunity Zone: No
Property Website Click Here
Address: 2197 3rd Avenue, New York, NY 10035, USA
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