Corner Mixed-Use Portfolio with Dev

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Address: 2256 3rd Ave, Bronx, NY 10451, USA
New York & Tri-State + Apartment Buildings
Created date: July 10, 2026
Date last updated: July 10, 2026
Price: $9,250,000Investment Analyzer NEW!

Strategic Manhattan Location:
Prime investment opportunity featuring a contiguous property footprint situated at 2256 3rd Avenue and 2258-2260 3rd Avenue in a high-demand pocket of New York, NY (10035).

Substantial Existing Asset Footprint:
Features a combined existing structure footprint of 25,200 gross building square feet distributed across the properties (4,725 SF at 2256 3rd Ave and 20,475 SF at 2258-2260 3rd Ave), providing immediate scale and asset footprint.

Significant Long-Term Development Capacity:
The combined 3rd Avenue footprint holds an impressive 75,920 maximum buildable square feet across a total lot footprint of 7,592 square feet, unlocking substantial future redevelopment scale under Mandatory Inclusionary Housing (MIH) guidelines.

Significant Unused Air Rights:
Immediate project flexibility with 50,720 square feet of available air rights across the two properties to maximize future vertical development.

Current Unit Configuration:
Configured with 9 total existing units, consisting of 7 commercial spaces (1 at 2256 3rd Ave; 6 at 2258-2260 3rd Ave) and 2 residential units (both located at 2256 3rd Ave).

High-Density Zoning Profile:
Exceptional zoning benefits from favorable C4-6 / EHC (MIH) designations, enabling a strong Floor Area Ratio (FAR) potential of up to 10.00 to optimize long-term design layouts.

Transit and Accessibility:
Excellent commuter convenience with immediate access to major Manhattan transportation networks, including the 4, 5, and 6 subway lines at the nearby 125th Street / Lexington Avenue station and the Metro-North Railroad station at 125th Street, alongside multiple local M101, M102, and M103 bus routes running directly along Third and Lexington Avenues.

Vibrant Location and Neighborhood:
Situated in a rapidly evolving corridor of East Harlem, the site is surrounded by a rich mix of local retail hubs, diverse dining options, and public community parks, placing future development directly in the path of ongoing residential demand.

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Due Digilence Documents

Due Diligence Documents

Broker Details

Ariel Property Advisors
Ariel Property Advisors

Ariel Property Advisors (212) 544-9500

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Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $9,250,000
No. of Units: 16
Building Size: 25,200 Sq ft
Opportunity Zone: No
Price per unit: $578,125
Address: 2256 3rd Ave, Bronx, NY 10451, USA

Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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