316 PLEASANT AVENUE BETWEEN EAST 116 STREET and EAST 117 STREET IN NEW YORK CITY'S EAST HARLEM NEIGHBORHOOD.

Competitively Priced at only $1,275,000.

RARE Opportunity to Purchase Vacant Land in Manhattan in the Prime East Harlem Neighborhood with Approved New York City and State Building Plans of a Luxury 6-Story 8-Unit Luxury Condominium.

Graciously-sized lot measuring 25 Feet Wide by 98 Feet Long. Total Lot Area: 2,450 Square Feet. Walls have been whitewashed, sealed (waterproofed) and the structure is ready for an incredible buildout.

6 (Six) Story Residential Condominium Building with Proposed 8 (Eight) Units (14 Units Allowable) with Cellar and Penthouse Level. Building Plans are designed and certified by Angelo NG + Anthony NG Architects Studio P.C.

Approximate Residential Buildout Area Proposed: 9,550.80 Square Feet (and possibly a few thousand more with CITY of YES initiative).

316 Pleasant Avenue is located around the corner/block from the area's prized East River Plaza Complex (Costco, ALDI Grocery, etc.) and the East River where access to its pedestrian boardwalk path is within a 10 minutes walk in either direction.

Please inquire for more information about this property including the details for the approved plans for the condominium complex.

Block: 01715

Lot: 0049

Zone District: R7A

Zoning Map: 6B

Maximum FAR: 4.0

Rental Building Development and "CITY OF YES" opportunity would provide additional buildout square footage and a lower cost basis. Great opportunity to take advantage of citywide incentives.