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43 W 126th St
New York, NY 10027
Vacant Land · Land For Sale · 0.05 AC

Investment Highlights

  • Located in a Qualified Opportunity Zone with potential tax benefits.
  • Excellent transit access with multiple subway lines nearby.
  • Convenient bus connections to LaGuardia, Bronx, and Manhattan.
  • 7,162 buildable square feet in an R7-2 zoning district.
  • 21 feet of prime street frontage in central Harlem.
  • Positioned in a high-growth neighborhood with strong demand.

Executive Summary

This Harlem development site offers a rare investment opportunity in one of Manhattan’s most dynamic neighborhoods. Located within a Qualified Opportunity Zone and zoned R7-2, the property provides 7,162 buildable square feet, allowing for a range of residential or mixed-use projects. The site features 21 feet of prime street frontage and benefits from excellent transit access, with multiple subway lines—including 2, 3, 4, 5, 6, and A/B/C/D—just 0.2 miles away at 125th Street. Crosstown bus service is one block away, and direct connections to LaGuardia Airport and the Bronx enhance accessibility. Current annual taxes are $19,359 under Tax Class 4. This property combines strong development potential with exceptional connectivity in a high-demand urban market.

Property Facts

Sale Type Investment
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Apartment Units
Total Lot Size 0.05 AC
Opportunity Zone Yes
Zoning R7-2 - High density residential district

1 Lot Available

Lot 1

Price $900,000
Price Per AC $18,748,828.20
Lot Size 0.05 AC

Redevelopment site in Harlem’s Opportunity Zone with21 feet of frontage and 7,162 buildable SF. Steps from major subway lines and crosstown bus service.

Description

Situated at 43 W 126th Street, this property is positioned in the heart of Harlem, a neighborhood experiencing significant growth and redevelopment. The site lies within an R7-2 zoning district, offering flexibility for residential or mixed-use development. With 21 feet of street frontage and a total buildable area of 7,162 square feet, the lot provides ample space for creative design and future value creation. Its location within a Qualified Opportunity Zone offers potential tax advantages for investors. The property is well-served by public transportation, including major subway lines at 125th Street and multiple bus routes, ensuring convenient access throughout Manhattan and beyond. Proximity to cultural landmarks, retail corridors, and transit hubs makes this site an attractive option for developers seeking long-term upside in a thriving urban setting.

Property Taxes

Property Taxes

Parcel Number
1724-0117
Land Assessment
$175,320
Improvements Assessment
$0
Total Assessment
$166,500
  • Listing ID: 32647264

  • Date on Market: 8/1/2024

  • Last Updated:

  • Address: 43 W 126th St, New York, NY 10027

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