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60-62 W 116th St - 62 W 116th St 0.19 Acres of Residential Land Offered at $10,500,000 in New York, NY 10026
Investment Highlights
- Block-through development opportunity in Central Harlem with rare frontage and scale.
- Approximately 50,455 buildable SF as-of-right and up to 60,546 buildable SF under the UAP program.
- The property will be delivered vacant, enabling immediate execution of a new development plan.
- The property sits on a 10,091-square-foot lot with an existing one-story building totaling approximately 8,245 square feet.
- The building contains two commercial units, offering a clear redevelopment or repositioning path.
Executive Summary
Zoned C4-5X / R7X equivalent, the site allows for approximately 50,455 buildable square feet as-of-right, with the potential to reach up to 60,546 buildable square feet under the UAP program. The property will be delivered vacant, enabling immediate execution of a new development plan, making it an ideal opportunity for developers and investors seeking frontage, scale, and flexibility in a prime Central Harlem location.
Property Facts
1 Lot Available
Lot 65
| Price | $10,500,000 | Lot Size | 0.19 AC |
| Price Per AC | $55,473,665.86 |
| Price | $10,500,000 |
| Price Per AC | $55,473,665.86 |
| Lot Size | 0.19 AC |
62 W 116th St, New York, NY 10026 is a 10,091 SF lot zoned C4-5X/R7X, allowing for approximately 50,455 buildable SF as-of-right and up to 60,546 buildable SF under the UAP program.
Description
• Block-through development opportunity in Central Harlem with rare frontage and scale. • Surrounded by multiple new developments on the block, the property sits on a 10,091-square-foot lot with an existing one-story building totaling approximately 8,245 square feet. • Zoned C4-5X/R7X equivalent, allowing for approximately 50,455 buildable SF as-of-right and up to 60,546 buildable SF under the UAP program. •The building contains two commercial units, offering a clear redevelopment or repositioning path. • The property will be delivered vacant, enabling immediate execution of a new development plan. • Approximately a 7-minute walk to Central Park and a 3- minute walk to the 116th Street station (2 & 3 lines), providing direct access to Midtown, Downtown, and the Bronx.
Presented by
60-62 W 116th St - 62 W 116th St
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