Summary: 421A approved development site situated in Harlem, Manhattan. The property is shovel-ready and has approved plans for a six story elevator building consisting of 12 units. There are access agreements in place with both neighbors. The total buildable square footage of 10,092 SF. Plans are available upon request and parking requirements are waived for this zoning.
Prime Location: This development property represents a compelling investment opportunity. Harlem, celebrated for its historic charm, cultural vibrancy, and strategic proximity to downtown Brooklyn and Manhattan, emerges as an appealing choice for astute investors.
Appreciation Potential: Presenting a strategically positioned development site in the heart of Harlem, this project offers a unique investment opportunity in the flourishing real estate market. With approved plans for a six-story, twelve-unit building, this distinct property redefines urban living, providing premium spaces for families and individuals alike. Designed for optimal functionality and innovation, capitalize on the burgeoning potential of Harlem's multifamily real estate market with this visionary project.
Excellent Connectivity: Nestled in Harlem, this property provide seamless connectivity to subway access, streamlining residents' journeys to Manhattan. Transportation options include the nearby 125 St [2,3] Subway Station- within 0.21 miles) and the 116th St [B,C] Subway station just 0.37 miles away.
Proximity to Amenities: Enjoy unmatched convenience at this strategically located development property, providing residents and tenants easy access to local amenities, shops, and educational institutions. With proximity to Columbia University (0.66 miles) and CUNY School of Public Health (0.31 miles), as well as leisure options at Movement Harlem (rock climbing gym) and The Studio Museum in Harlem, this development site ensures a seamless blend of lifestyle and practicality. Nearby banks include TD Bank and Citi Bank. Easily reachable shops like Marshalls, Whole Foods Market, CVS Drugstore, and famous fast-food restaurants such as McDonald’s, White Castle, Dunkin', and to grab a coffee, Starbucks, contribute to a holistic, connected living experience.
