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- LoopNet Team
1653-1655 Madison Ave
New York, NY 10029
Land For Sale
·
0.09 AC
INVESTMENT HIGHLIGHTS
- owner financing available
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.09 AC |
| Property Subtype | Commercial | No. Stories | 8 |
| Proposed Use | |||
| Zoning | R7-2; C1-5 - Medium-density apartment house district with lower parking requirements | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.09 AC |
| No. Stories | 8 |
| Zoning | R7-2; C1-5 - Medium-density apartment house district with lower parking requirements |
DESCRIPTION
1653-1655 Madison Ave is an exciting investment opportunity in the heart of New York. Located between 110th Street and 111th Street on Madison Avenue, this 50' x 75' vacant lot boasts R7-2, C1-5 zoning, making it perfect for development. The property has already been approved for a 22,000sqft Gross, 15,000sqft Net, 19-unit mixed-use condo building, designed by Kurv Architecture, in 2016. This prime location is just minutes away from Central Park. The corner lot adjacent to the building currently operates as a community garden, providing a serene and green atmosphere. The property is also in close proximity to several subway stations, including the 110th Street Station on the 4, 5, and 6 subway lines, the Cathedral Parkway (110th Street) Station on the B and C subway lines, and the 116th Street Station on the 2 and 3 subway lines making it easy to travel throughout the city. This is a rare and valuable investment opportunity that should not be missed!
PROPERTY TAXES
| Parcel Number | 1616-0021 | Improvements Assessment | $60,840 |
| Land Assessment | $234,450 | Total Assessment | $295,290 |
PROPERTY TAXES
