POTENTIAL DEVELOPMENT SITE

Two contiguous multi-family brick houses situated in a fantastic location on 124th Street between Lenox Ave and Adam Clayton Powell Jr. Blvd in Harlem.

Investment overview

- Frontage: 37.5 feet

- Buildable square feet: 13,020

- Sellable square feet: 11,067

- Lot dimensions: 37.5 x 100.92

- Lot: 3785 feet

- Zoning: C4-4

- Combined taxes: $3,360

- Ownership: Fee Simple

- Proposed use: Apartments – Condo / Multi-Family

Transportation

Subject property is just a block away from 125th Street subway station 2 & 3 lines. 4,5,6 lines and MetroNorth are a few blocks away providing fast links to all of Manhattan, the Bronx, Queens and Brooklyn. Three blocks to the west you also have access to the A,B,C,D trains. On Lenox Ave there are bus stops for M7, M102 , M101, M60 buses. Easy access to major roadways, Westside highway provides access to bridges and tunnels, FDR drive provides access to the Bronx, Brooklyn & Queens. All roadways connect for easy travel up and down the Eastern seaboard. Port Authority Bus station and Penn Station (Amtrak, NJ Transit) & Long Island Railroad, are all easily accessible.

Neighborhood

The site is perfectly located in one of the most up and coming neighborhoods in Manhattan. Whole Foods is right at the end of the street, along with coffee shops, wine bars, restaurants, entertainment (movies, jazz clubs, Apollo theater) library, Marcus Garvey Park as well as Central Park are all in close proximity. There are a number of new condominium buildings in the area.