Development Opportunity

0.05 Acres of Residential Land Offered at $1,500,000 USD in New York, NY 10032

Asking Price $1,500,000

Property Type: Land

Listing Contacts

Sadya Liberow

Verified Profile

Jonathan Aronov

Verified Profile

Property Info

Property Overview

The subject property is an exceptional vacant lot poised for redevelopment, ideally suited for residential purposes.
With a generous 9,224 square feet of buildable space.
The current ownership has advanced plans in the final stages of DOB approval for a twelve-unit elevator multifamily building.
This development features eleven two-bedroom units and one one-bedroom apartment.

Property Details

Property Subtype: Residential/Multifamily

Highlights

Development Opportunity located in Washington Heights.
9,224 square feet as of right buildable square feet.
Proposed plans for a twelve-unit elevator multifamily building consisting of eleven two-bedroom units and one one-bedroom apartment.
Property is located in the opportunity zone.

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