1824 Park Ave
New York, NY 10035
Land For Sale
·
0.31 AC
Investment Highlights
- The property is a 162,000 buildable square feet development site with mandatory inclusionary housing currently producing income
Property Facts
| Property Type | Land | Proposed Use | |
| Property Subtype | Residential | Total Lot Size | 0.31 AC |
| Zoning | TA, 125th, C6-4 - Special Transit Land Use District (TA), Special 125th Street District (125th) & C6-4 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.31 AC |
| Zoning | TA, 125th, C6-4 - Special Transit Land Use District (TA), Special 125th Street District (125th) & C6-4 |
Description
The property is a 162,000 buildable square feet development site with mandatory inclusionary housing currently producing income. The property is located in East Harlem on the corner of Park Avenue and 126th Street. It is currently leased to a parking lot business. Tenant is paying $246,000.00 per year, owner pays the real estate taxes. The property can be delivered vacant. The property is a 162,000 buildable square feet development site with mandatory inclusionary housing There is an existing assumable mortgage on the property of $3.5 Million Block & Lot#: 1750-0040 Lot Dimensions: 150 x 90 feet / 13,500 square feet Zoning: C6-4 FAR: 12.00 with mandatory inclusionary housing Buildable Square Feet is 162,000 Tax Bill for 7/1/22 to 6/30/23 is $33,534.00
Property Taxes
| Parcel Number | 1750-0040 | Improvements Assessment | $0 |
| Land Assessment | $337,500 | Total Assessment | $337,500 |
Property Taxes
