The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. August 5, 2014 3:54 PM
116 West 127th Street, New York, NY 10027 Central Harlem Development Site, 5,730 Buildable SF | FOR SALE PROPERTY INFORMATION Location
The subject property is located on the south side of West 127th Street between Lenox Avenue and Adam Clayton Powell Jr. Boulevard
Address
116 West 127th Street, New York, NY 10027
Block (Lot)
1911 / 41
Lot Dimensions
16.67' x 99.92'
Lot Size
1,666 Sq. Ft. (Approx.)
Zoning
R7-2
FAR
3.44
Buildable SF
5,730 Sq. Ft. (Approx.)
Assessment (14/15)
$127,002
Taxes (14/15)
$13,569
PROPERTY DESCRIPTION
TAX MAP West 127th Street 41
1911 West 126th Street
LOCATION MAP
3 B A D C
Subject Property
4 2
3
2 1 4
1 Marcus Garvay Park
5
6
2 Harlem River Park 3 Saint Nicolas Park 4 Apolo Theater
2 3 4 5 6 A B C D Metro Stations
Asking Price: $875,000 For More Information Please Contact Our Exclusive Sales Agents Victor Sozio
Michael A. Tortorici
Joshua Berkowitz
Marko Agbaba
212.544.9500 x.12
212.544.9500 x.13
212.544.9500 ext.41
212.544.9500 ext. 32
[email protected] [email protected] [email protected] [email protected] Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
Lenox Avenue
Adam Clayton Powell Jr Boulevard
116 West 127th Street is a 16.67’ wide development site located on the south side of West 127th Street between Lenox Avenue and Adam Clayton Powell Jr. Boulevard. R7-2 Zoning (3.44 FAR) permits approximately 5,730 buildable square feet for a residential development. The property represents an ideal opportunity for constructing a boutique rental building or townhouse construction. Easy access to downtown and outer borough locations is provided by the 2/3 trains on 125th Street and Lexington & the Metro North Station at 125th Street and Park Avenue. Located near the reviving and constantly redeveloping 125th Street Retail Corridor, 116 West 127th Street stands out as a prime development opportunity in West Harlem.