Harlem Development Package
$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
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