7-11 E 115th St
New York, NY 10029
East Harlem Development Opportunity · For Lease

7-11 East 115th Street is a 135-foot-wide development site located on the north side of East 115th Street between Fifth Avenue and Madison Avenue in East Harlem. The 13,624-square-foot lot is available for sale or lease and offers an efficient rectangular layout with Opportunity Zone and R7-2 zoning. Suitable for large-scale residential development, the site permits approximately 54,496 buildable square feet (as-of-right) and roughly 88,556 buildable square feet with a community facility bonus. Please note that the subject property is encumbered by an easement that requires capacity for 19 parking spaces at 1760 Madison Avenue – please inquire with property contact for more information. This property sits in the rapidly expanding East Harlem neighborhood, an area slated for considerable growth given recently proposed rezoning initiatives. The site is surrounded by bustling retail and various new residential developments, several of which are consistently achieving condo sellouts above $1,000 per square foot. Local neighboring amenities include Marcus Garvey Park, Central Park, the Harlem Meer, Columbia University, the Silberman School of Social Work at Hunter College, and the East Village Plaza. The property also enjoys convenient access to lower Manhattan and outer-borough locations via the 2/3 subway train, situated just a block away on Malcolm X Boulevard. Over 2,750,000 residents live within a five-mile radius of this site, presenting an average household income of $105,376 per year. Conveniently located near local draws and institutions, along with a robust residential marketplace, 7 East 115th Street represents an outstanding development opportunity poised to take advantage of neighborhood upside potential.