217 WEST 123 STREET

For Sale - Manhattan - Harlem

$2,950,000

Net Operating Income: Contact Agent

Ic expand

Key Details

Property Type
Land
Neighborhood
Harlem
Property Dimensions
25.0 x 100.92
Property Area
2,523 sq.ft.
Total Units:
N/A
Stories:
N/A
NOI
Contact Agent
Price
$2,950,000
Price Per Unit
$2,950,000
Cap Rate
-%

Listing Description

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.

Property Details

Block/Lot:
1929/23
Lot Dimensions
25.0 x 100.92
Lot Area
2,523 sq.ft
Zoning:
R7A
FAR as Built:
1.8
Max FAR:
4.0
D.J. JohnstonB6 Real Estate Advisors
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
535 MANHATTAN AVENUE$1,100,00007/19/2018Land
13 EAST 128TH STREET$1,500,00006/26/2018Land
123 WEST 138 STREET$3,828,00005/16/2018Land
119 WEST 145 STREET$10,500,00004/26/2018Land
509 EAST 118 STREET$736,00003/29/2018Land
217-221 EAST 119TH STREET$3,250,00012/05/2016Land
2262 8 AVENUE$3,538,88811/22/2016Land
165 EAST 107 STREET$960,00009/01/2016Land
1800 PARK AVENUE$90,955,57009/01/2016Land
44 WEST 128TH STREET$965,00008/18/2016Land