B6 Real Estate Advisors has been retained on an exclusive basis to sell a 2,523 SF residential development site located on the North side of West 123rd Street in Central Harlem. Situated in a R7A and R8 Zoning, the site has plans for 10,500 buildable SF and 12,000 buildable SF with inclusionary housing. Excellent opportunity for a 12 unit rental or a 6 unit condo. Ownership has preliminary plans for a 7-story, 12 unit rental with 10,350 total SF and 9,719 net rentable SF.
• Convenient Central Harlem location within close proximity to the 2, 3, A, C, B, D Trains on 125th Street.
• The median listing price of a Central Harlem condo is $999,800 ($1,080 / SF). The average closing price for a condo eclipsed $1,000 per square foot in 2019, an incredible 90% increase since 2009.
• Great retail, dining, entertainment and shopping in the immediate area and along 125th Street.