Business

Houston (St.) to run out of gas

Manhattan’s dwindling supply of gas stations is about to get smaller.

Ivan Hakimian’s investment group, HPNY, closed on the purchase of the Exxon Mobil station at 350 E. Houston St. for about $8 million earlier this month, The Post has learned.

Sources said its lease will end in a couple of years, paving the way for redevelopment — likely an apartment building.

Last year, the City Dept. of Consumer Affairs inspected 43 gas stations. Three years ago, there were 58, and many have been targets for developers as long-term leases expire.

The 6,000-square-foot station plot takes up the entire east end of the block. It has 120 feet of frontage along Houston, wraps north onto Avenue C and then west on East Second Street.

Zoning allows a roughly seven-story residential building of about 43,000 square feet that would have views overlooking the city’s Hamilton Fish swimming pool and park on the opposite corner.

Sources said Alex Horn of HPNY brought Hakimian and his partners the off-market transaction, which was purchased from the family that owns the land.

A Mobil gas station began operating on the site more than 50 years ago.

Neither Horn nor Hakimian returned calls for comment.