2321 First Ave. #BUILDING

Located on 1st Avenue between 118th and 119th Street, just one block from the original Patsy’s Pizzeria. This is a terrific opportunity for an end-user and/or investor- ideal for someone who wants to occupy one or two units and lease the remaining units to help cover the mortgage and expenses. The building is also perfect for pure investment purposes- the multi-family market in East Harlem has doubled over the past three years.

The property is configured and zoned as an eight family with two stores. The building has five floors plus full basement and measures 25 feet x 73 feet with a 25×17 backyard. Total existing sqft is 11,211 (9,343 above grade, 1,868 below grade). There are additional air rights allowing you to build 1,868 sqft. The residential portion of the property consists of eight railroad apartments, two of which are vacant. All units have three bedrooms/1 bath, large living room, eat in kitchen, and excellent sunlight. Many prewar qualities- high ceilings, crown molding, and large windows. Also there are existing fireplaces and brick behind the sheetrock. The property is well maintained with several recent upgrades including: new boiler, heat timer, and hot water heater. Located in East Harlem’s loveliest section- East River Plaza, Thomas Jefferson Park, Patsy’s Pizzeria, Rao’s, and the East River are all within a five minute walk. There is a possibility to obtain some seller financing. Showings by appointment. Please call or email Sarah at 646.763.1158, sworley@pleasantnyc.com