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66-70 E 129th St - 66-70 East 129th Street 8,268 SF Specialty Building Offered at $2,950,000 in New York, NY 10035
Investment Highlights
- Residential Conversion, Development or User Opportunity.
- Excellent visibility in a growing commercial corridor
- Convenient access to 4, 5, 6 subway lines and Metro-North station
- Prime East Harlem location near Park Avenue and 125th Street
- Classic brick façade with flexible interior layouts
- Surrounded by new residential developments and cultural landmarks
Executive Summary
MAJOR PRICE REDUCTION
CBRE is pleased to announce it has been retained to exclusively represent the sale of 66-70 East 129th Street, a vacant school building in the East Harlem submarket of Northern Manhattan. Located just west of Park Avenue, the property consists of 3 adjacent tax lots and features 8,268 square feet (Above Grade) along with 26,080 buildable square feet as-of-right, allowing flexibility an incoming investor, developer or user to reimagine this property.
66-70 East 129th Street is a well-maintained, 4 story school building with direct, level entry to the ground floor. The building features a multipurpose room on the ground floor and classrooms on the upper floors. The building also features an elevator, two stairways and bathrooms on each floor. Built 43.8’ x 50.2’ (Irregular) the building only has 2,067 square feet of lot coverage making way for 2,957 square feet of outdoor space including a large rear yard with mature trees and artificial turf. This building is move-in ready for a new school or daycare user.
Boasting 51.75’ feet of frontage along a quiet, tree-lined block in East Harlem, 66-70 East 129th Street is split zoned and has 26,080 buildable square feet as-of-right for a new development. The property is excellently located in proximity to 125th Street, and benefits from easy access to the 4,5,6,2,3 & Metro north as well as the future N & Q trains upon completion of the Second Avenue subway. The property is also a short walk to a plethora of restaurants and retail in a vibrant and evolving neighborhood. This site is perfect for a residential redevelopment that will benefit from the City of Yes zoning changes.
CBRE is pleased to announce it has been retained to exclusively represent the sale of 66-70 East 129th Street, a vacant school building in the East Harlem submarket of Northern Manhattan. Located just west of Park Avenue, the property consists of 3 adjacent tax lots and features 8,268 square feet (Above Grade) along with 26,080 buildable square feet as-of-right, allowing flexibility an incoming investor, developer or user to reimagine this property.
66-70 East 129th Street is a well-maintained, 4 story school building with direct, level entry to the ground floor. The building features a multipurpose room on the ground floor and classrooms on the upper floors. The building also features an elevator, two stairways and bathrooms on each floor. Built 43.8’ x 50.2’ (Irregular) the building only has 2,067 square feet of lot coverage making way for 2,957 square feet of outdoor space including a large rear yard with mature trees and artificial turf. This building is move-in ready for a new school or daycare user.
Boasting 51.75’ feet of frontage along a quiet, tree-lined block in East Harlem, 66-70 East 129th Street is split zoned and has 26,080 buildable square feet as-of-right for a new development. The property is excellently located in proximity to 125th Street, and benefits from easy access to the 4,5,6,2,3 & Metro north as well as the future N & Q trains upon completion of the Second Avenue subway. The property is also a short walk to a plethora of restaurants and retail in a vibrant and evolving neighborhood. This site is perfect for a residential redevelopment that will benefit from the City of Yes zoning changes.
Property Facts
Amenities
- Wheelchair Accessible
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Walk Score®
Walker's Paradise (91)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
Property Taxes
| Parcel Numbers | Improvements Assessment | $328,410 | |
| Land Assessment | $218,790 | Total Assessment | $547,200 |
Property Taxes
Parcel Numbers
Land Assessment
$218,790
Improvements Assessment
$328,410
Total Assessment
$547,200
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66-70 E 129th St - 66-70 East 129th Street
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