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410 115th - 410 E 115th St, New York, NY 10029

0.09 Acres of Residential Land Offered at £2,745,435 in New York, NY 10029

Investment Highlights

  • Residential Condominium or Rental Development Opportunity with Approved Architectural Plans for 21 Apartments (12,343 ZSF on lot 43 and an additional
  • R7B Zoning (with small portion zoned R7-X / C1-5) in the Heart of East Harlem
  • Strategically Positioned on a quiet tree-lined block and one block form Costco, Aldi, Lighthouse Fish Market and more at the East River Plaza shopping
  • Approved plans for 20,813 BSF condominium development on lot 43
  • A 9-minute walk to the 4, and 6 Subway Lines at the E 116th Station and an additional 10-minute walk to the 5 Subway Line at E 125th Street
  • A block from Jefferson Park, Bobby Wagner Walk along the East River, The Manhattan Center for Science and Mathematics and ample shopping and dining al

Executive Summary

EAST HARLEM DEVELOPMENT OPPORTUNITY WITH APPROVED ARCHITECTURAL PLANS FOR 21 APARTMENT UNITS
Situated on a tree-lined block, the site’s location exemplifies urban tranquility while being strategically positioned just a block away from prominent landmarks like the East River Plaza shopping Mall with retail giants like Costco, Aldi, and the Lighthouse Fish Market. For recreation and lifestyle, the proximity to Jefferson Park, Bobby Wagner Walk along the East River, and the Manhattan Center for Science and Mathematics cannot be overlooked. Moreover, the bustling retail corridors of 1st and 2nd Avenues are laden with diverse shopping and dining options.

Property Facts

Price £2,745,435
Sale Type Investment or Owner User
Sale Conditions 1031 Exchange
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.09 AC

1 Lot Available

Lot

Price £2,745,435
Price Per AC £31,595,947
Lot Size 0.09 AC

The subject property measures 37.5 ft x 100.92 ft and is zoned R7B (with a smaller portion zoned R7-X / C1-5). The site has approved architectural plans for the development of 21 condominium dwellings across 20,831 zoning square feet.

Description

Marcus & Millichap has been exclusively retained to arrange the sale of 410 East 115th Street located in the East Harlem section of Manhattan, NY. The subject property is an empty 3,785 square foot lot located between First and Pleasant Avenues. The subject property measures 37.5 ft x 100.92 ft and is zoned R7B (with a smaller portion zoned R7-X / C1-5). The site has approved architectural plans for the development of 21 condominium dwellings across 20,831 zoning square feet. Situated on a tree-lined block, the site’s location exemplifies urban tranquility while being strategically positioned just a block away from prominent landmarks like the East River Plaza shopping Mall with retail giants like Costco, Aldi, and the Lighthouse Fish Market. For recreation and lifestyle, the proximity to Jefferson Park, Bobby Wagner Walk along the East River, and the Manhattan Center for Science and Mathematics cannot be overlooked. Moreover, the bustling retail corridors of 1st and 2nd Avenues are laden with diverse shopping and dining options. Located just a 9 min walk from the 4 and 6 Subway Lines at the E 116th Station and near the 5 Subway Line at E 125th Street, 410 East 115th represents an opportunity for developers and investors to take over a strategically located condominium development site with approved plans for 21 units in one of New York City’s most up-and coming neighborhoods.

Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1708-0043
Land Assessment
£206,143
Improvements Assessment
£0
Total Assessment
£206,143

zoning

Zoning Code R7B (R7B Zoning (with small portion zoned R7-X / C1-5) in the Heart of East Harlem)
R7B (R7B Zoning (with small portion zoned R7-X / C1-5) in the Heart of East Harlem)
  • Listing ID: 29718090

  • Date on Market: 05/10/2023

  • Last Updated:

  • Address: 410 115th, New York, NY 10029

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