This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

70-78 W 126th St
New York, NY 10027

Land For Sale · 0.17 AC

Investment Highlights

  • 22,482 BSF as-of-riht
  • Direct connection to multiple transportation lines
  • Ideal opportunity for condominium development

Executive Summary

Rare 75’ x 100’ parcel on the south side of West 126th Street between Lenox and 5th Avenues. Direct connections to the 2, 3 subway lines at West 125th Street and Lenox Avenue, and the Metro-North 125th Street station at Park Avenue R6A zoning provides approximately 22,482 BSF, as-of-right. The property currently consists of a 25’ wide parking lot and 3 small buildings that will be delivered vacant. Ideal opportunity for condominium development. Several condominium sales in the immediate area recently achieved prices north of $1,250 per
square foot. Ownership requests proposals from developers and potential partners to purchase outright AND, in the alternate, to buy a buyback a community facility and residential unit condominium in the new project (though either type of proposal is welcome.) For buyback proposals, Ownership requests a 5,000 sq. ft. community facility (which can be allocated above and/or below grade) and a 825 sq. ft. residential unit.

PROPERTY FACTS Under Contract

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 0.17 AC

1 Lot Available

Lot 0

Price £2,805,250
Price Per AC £16,305,896
Lot Size 0.17 AC

Rare 75’ x 100’ parcel on the south side of West 126th Street between Lenox and 5th Avenues.

Description

75’ x 100’ parcel on the south side of West 126th Street between Lenox and 5th Avenues

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1723-0064
  • 1723-0164
  • 1723-0065
  • 1723-0066
  • 1723-0067
Land Assessment
£209,913
Improvements Assessment
£165,189
Total Assessment
£375,102

zoning

Zoning Code R6A
R6A
  • Listing ID: 29286731

  • Date on Market: 16/08/2023

  • Last Updated:

  • Address: 70-78 W 126th St, New York, NY 10027

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}