Assignments

Extra Wide Development Site in South Harlem

230 W 122nd St, New York, NY 10027

230 W 122nd St, New York, NY 10027

under contract

Asking
Sale Price
$
2800000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
2800000
Sale Price
$
Buildable SF
16400
Building SF
16400
LOT SF
16400
Cap RATE
%
Zoning
R7A

Highlights

  • 34' Wide Development Site Zoned R7A
  • 16,400 ZFA As-Of-Right. Includes Air Rights from Neighboring Lots.
  • Located in South Harlem
  • Proximity to A, B, C, D, 2, and 3 trains
  • High Demand Residential Area with Condo Buildings Achieving +$1,300 Per Sq. Ft.

Property DEscription

Located in Central Harlem, 230 W 122nd St, New York, NY 10027 presents a compelling development opportunity for developers seeking to capitalize on the area’s strong residential demand and ongoing revitalization. This vacant midblock lot spans 3,431 square feet, with zoning designated as R7A and a Floor Area Ratio (FAR) of 4.0, allowing for a maximum buildable square footage (BSF) of 13,724 Sq. Ft. With air rights transferrable from seller owned neighboring properties, this sums to 16,400 Sq. Ft BSF. The property benefits from proximity to multiple subway lines, providing excellent transportation access to the rest of Manhattan and beyond. Its central location enhances both livability and market appeal for future residential or mixed-use development. With generous zoning, prime location, valuable tax incentives, and strong market fundamentals, this property is well-positioned for a successful development project that contributes meaningfully to Harlem’s continued growth. *Please note: A regulatory agreement is in place and a fire egress easement is in the removal process

Map

Tony Yu
Senior Associate
(646) 559-4700
TY@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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