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Harlem Development Package

Harlem Development Package
FOR SALE

$8,547,000

453 West 162nd Street, New York, NY 10032

Property Description

170 E 122nd St & 172 E 122nd St, New York, NY 10035

A 17,130 buildable square foot development site.

  • 172 E 122nd has approved plans for 7-story residential building comprising of 15 units and 8 parking spaces.The property is eligible for the 421-A tax abatement and is shovel ready.
  • 170 E 122nd does not have any plans yet but will benefit from amending the current plans to expand the floorplate of the development site.
  • The  approved plans and due diligence documents are available upon request.


204 Lenox Ave, New York, NY 10027 

The property is a vacant 20 feet wide lot with an R7-2/C1-4 zoning. 

  • There are a total of 5,504 buildable square feet allowing for either a mixed use building or boutique condo project. with comparable condo sales reaching over $1,000 PSF. 
  • The property is surrounded by many new developments.


132 W 130th St, New York, NY 10027

This property is a development opportunity in the Harlem neighborhood of Manhattan and consists of 6,017 buildable square feet.

  • It is well-positioned with excellent access to public transportation, located just two blocks from the 135th St [2,3] Subway station on Malcolm X Blvd, which is about a 7-minute walk away.


498 W 130th Street, New York, NY 10027

A vacant lot for sale in the Harlem neighborhood of Manhattan.

  • The property consists of 1,245 lot square footage & has 4,980 buildable square feet.
  • Ideal for luxury 4-story two-family development.
  • Resale value $3,200,000-$3,600,000.
  • The lot is within walking distance from 125th Street [1] Train Station.
  • Property is also in proximity of 135th Street [A], [B], [C], [D] Train Station.


453 W 162nd St, New York, NY 10032

An exceptional vacant lot poised for redevelopment, ideally suited for residential purposes.

  • With an as of right total of 9,224 square feet of buildable space. 
  • The current ownership has proposed  plans in for a twelve-unit elevator multifamily building featuring eleven two-bedroom units and one one-bedroom apartment.

Property Details

Asset Type

Development Site

Zoning

R7A, C1-4

Neighborhood

Washington Heights

Submarket

New York

ZIP

10032

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$486,206

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$40,517

Annual Debt Service

$486,206

View on Map

Address

453 West 162nd Street

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New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale

No investors found in this market.

Contact the Listing Team

Sadya Liberow
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Sadya Liberow

Managing Partner | Investment Sales Division

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Sadya Liberow
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Sadya Liberow

Managing Partner | Investment Sales Division

33 closed

Call