Development Opportunity

0.09 Acres of Residential Land Offered at $3,450,000 USD in New York, NY 10035

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $3,450,000

Property Type
Land

Listing Contacts

Sadya Liberow
Sadya Liberow
Verified Profile
Jonathan Aronov
Jonathan Aronov
Verified Profile
  • Property Info

Property Overview

Development opportunity in the East Harlem neighborhood of Manhattan.
The property has 11,556 buildable square feet.
There are approved plans for a 7-story residential building with 15 units.
The property is eligible for the 421-A tax abatement.
The property is shovel ready, with access agreements in place.
Approved plans and due diligence documents are available upon request.
Situated conveniently near the MTA [4,5,6 lines] Subway Station, accessibility is a strong feature of this location.

Property Details

Property Subtype
Residential/Multifamily

Highlights

  • Development Opportunity located in the East Harlem.
  • 11,556 square feet is the allowable buildable square footage.
  • Approved plans for a 7-story residential building with 15 units.
  • Eligible for the 421-A tax abatement.
  • Shovel ready, with access agreements in place.
  • Property is located in the opportunity zone.

FAQ

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