50’ WIDE FOUR STORY CORNER MIXED-USE - Harlem Package

Investment Overview

A package of two mixed-use buildings on Frederick Douglas Blvd
along with a two story commercial building located at 303 West
128th Street. 2391 Frederick Douglas Blvd is a 25’ wide four unit
four story corner mixed-use building. 2391 Frederick Douglas Blvd
is a 25’ wide three unit four story mixed-use building. 303 West
128th Street is a two story commercial building.
Located in prime Harlem, the property is a prime investment and
development opportunity. Since the apartments are free market the
investor can renovate them and the common areas and increase
rents. The investor can have the tenants pay for their own utilities or
combine the apartments to get higher rents. The five stores is an
added bonus since they have a great corner location and within
walking distance to the A, C, B and D trains on 125th & Saint
Nicholas Avenue. They will always be a strong demand for them

Highlights

The zoning, lot size makes the property a prime development
opportunity. The zoning allows a 43,056 square feet property to be
built, this would include inclusionary housing. The apartments
would be a mixture of one and two bedroom apartments.