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1653-1655 Madison Ave 1655 Madison ave 15,000 SF Vacant Flex Building New York, NY 10029 $6,500,000 ($433.33/SF)
Investment Highlights
- Close to public transit
- High Traffic Area
Executive Summary
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!
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 Facts
| Price | $6,500,000 | Lot Size | 0.09 AC |
| Price Per SF | $433.33 | Construction Status | Proposed |
| Sale Type | Investment or Owner User | Rentable Building Area | 15,000 SF |
| Property Type | Flex | No. Stories | 8 |
| Zoning | R7-2; C1-5 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. 7-2 has less parking requirements. | ||
| Price | $6,500,000 |
| Price Per SF | $433.33 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Lot Size | 0.09 AC |
| Construction Status | Proposed |
| Rentable Building Area | 15,000 SF |
| No. Stories | 8 |
| Zoning | R7-2; C1-5 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. 7-2 has less parking requirements. |
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 1616-0021 | Improvements Assessment | $60,840 |
| Land Assessment | $234,450 | Total Assessment | $295,290 |
Property Taxes
Parcel Number
1616-0021
Land Assessment
$234,450
Improvements Assessment
$60,840
Total Assessment
$295,290
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Presented by
Primus Realty Group USA
1653-1655 Madison Ave | 1655 Madison ave
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