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- LoopNet Team
7-11 E 115th St
New York, NY 10029
East Harlem Development Opportunity · Land For Sale
·
0.31 AC
Investment Highlights
- FOR SALE - Development site well located in East Harlem, Manhattan just blocks from Central Park, multiple subways, busses, hopping, and employment.
- Permitted Uses include Multifamily, Student Housing, Senior Housing, Nursing Homes Health Centers/Hospitals, and Schools.
Property Facts
Description
7-11 E 115th Street is zoned R7-2 and located on a wide street allowing for greater density as per NYC zoning code. The site is 135’ x 100.92’ or 13,624 SF (.3128 acres) of land area. According to the attached zoning opinion, as of right FAR is 4.0 or 54,496 Buildable SF. It is estimated that 75 dwelling units can be constructed as of right. The density can be increased to 70,041 Buildable SF utilizing the Community Facility bonus. This property is a 135 foot wide development site located on the north side of East 115th Street between 5th Avenue and Madison Avenue in East Harlem. Zoned R7-2 (4.00 FAR or 4.6 FAR with inclusionary housing, – Wide Street), the property permits approximately 88,556 buildable square feet (w/ CF bonus) or 54,497 buildable square feet (as-of-right) for a large scale residential development. Please note the subject property is encumbered by an easement that requires capacity for nineteen (19) parking spaces at 1760 Madison Avenue. Block / Lot#: 1621-0007 Lot Dimensions: 135 x 100.92 feet Lot Size: 13,624 Sq. Ft. (Approx.) Zoning: R7-2 FAR: 4.00 or 4.6 w/ inclusionary housing (6.5 w/ Community Facility Bonus) Buildable SF: 54,497 square feet (Approx as-of-right) Buildable SF w/ CF Bonus: 88,557 square feet (Approx w/ CF Bonus)
Property Taxes
| Parcel Number | 1621-0007 | Improvements Assessment | $0 |
| Land Assessment | $973,980 | Total Assessment | $973,980 |
Property Taxes
