19.08' 4 4045 east harlem
320 EAST 120TH STREET, NEW YORK, NY 10035 19.08’ WIDE FOUR-STORY TOWNHOUSE WITH AIR RIGHTS | FOR SALE
19.08' Width
4
4,045
Stories
EAST HARLEM
Gross SF
Location
Ariel Property Advisors is pleased to present 320 East 120th Street, a multifamily walk-up building located on the south side of East 120th Street between First Avenue and Second Avenue in East Harlem. 320 East 120th Street is a 19.08’ wide, four (4) story walk-up building spanning approximately 4,045 gross square feet. The property contains four (4) floor-through units that enjoy free market status. The entire property is currently gutted and will be delivered vacant. Additionally, the property’s R7A zoning (4.00 FAR) provides approximately 3,659 square feet of additional air rights for redevelopment. The property is located in the rapidly expanding neighborhood of East Harlem, where several major development projects are underway. Notable developments include the revitalized Corn Exchange on East 125th Street, the Durst Organization’s 1800 Park Avenue development, and the recently announced “Sandero Verde”, a 751,000 square foot, mixed-use project to be built at East 111th Street and Park Avenue. Other local attractions include the Silberman School of Social Work at Hunter College, East River Plaza, Thomas Jefferson Park and Manhattan Center for Science and Mathematics. Easy access to Lower Manhattan and the outer boroughs is provided by the 4/5/6 subway lines at the East 125th Street and Lexington Avenue. 320 East 120th Street offers owner-users and developers the opportunity to customize a sizable vacant building in a prime East Harlem location.
PROPERTY INFORMATION Block / Lot Lot Dimensions Lot Area Building Dimensions Stories Building Size Zoning (FAR) Buildable Area Air Rights Assessment (17/18) Real Estate Taxes (17/18)
1796 / 44 19.08' x 100.92' 1,926 19.08' x 53' 4 4,045 R7A (4.0) 7,704 3,659 $29,237 $3,769
Sq. Ft. (approx.)
Sq. Ft. (approx.) Sq. Ft. (approx.) Sq. Ft. (approx.)
ASKING PRICE: $2,250,000 FOR MORE INFORMATION PLEASE CONTACT OUR EXCLUSIVE SALES AGENTS AT 212.544.9500 I arielpa.nyc Marko Agbaba x32
[email protected]
Michael A. Tortorici x13
[email protected]
Matthew L. Gillis x42
[email protected]
Orry Michael x4002
[email protected]
FOR FINANCING INFO Paul McCormick x45
[email protected]
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. September 28, 2017 6:15 PM
DA
B D Bx
6
Bx6 to Hunts Pt Food Ctr via Yankee Stadium TH
320 EAST 120 98
STREET, NEW YORK, NY 10035
R
RD
N
South side of East 120th Street between 7 102 First Avenue and Second Avenue W 147 ST
145
Bx
19
RI ST B
3 145 ST
135 ST B C
1st Avenue
W 139 ST
1796
VB NA
ISO
MAD
O ETR
Bx
1
W 137 ST
W 135 ST
M
33
TH
NOR 4 5
6 East 119th Street
Bx
THE BRONX
33
2 3
GE
Bx
98
15
98
RID
1
VB
1
W 130 ST
Bx15 from Fordham Plaza
WI
LOCATION MAP Bx
60 15
2 3
6
MT MORRIS PARK W
1 AV 3 AV 118 ST
5 AV
PARK AV
MADISON AV
E 120 ST
6 116 102
W 116 ST
98 101
EAST HARLEM
1
1
Central Park North (110 St)
B C
7 116
IC ST
116
JEFFERSON PARK
116
Cathedral Pkwy (110 St)
116
SUBJECT PROPERTY
E 116 ST
RAND ISLA
102
2
7
101 103
AV
FREDERICK DOUGLASS BLVD
2 3
FUTURE 2ND AVENUE SUBWAY LINE
AV
116 St
AS OL
W 116 ST
100
O
MANHATTAN AV
MARCUS GARVEY PARK
60 35
E 125 ST
103
E 124 ST
OLAS AV
CH
NI B C
Т
IN
ST NICH
ST
3
117 St
Q
ROBERT F. KENNEDY BRIDGE
15
AD
W 122 ST 3
E 126 ST
L PA
STUDIO MUSEUM IN HARLEM
35
125 St
100 101
DR MARTIN LUTHER KING BLVD
10
Bx
15 35
PLEASANT AV
125 ST
4 5
2 AV
APOLLO THEATRE
B D 125 ST
METRO NORTH
LEXINGTON AV
A C
Bx15 to Fordham Plaza via Third Av
LLI
HARLEM
3A
VB
RID
GE
135 ST
LENOX AV
W 131 ST
GE
RID
SCHOMBURG CENTRE ADAM CLAYTON POWELL JR BLVD (7 AVENUE)
AS
Bx19 to Botanical Garden via East 120th Street Southern Blvd
44
2nd Avenue
W 139 ST
WESLEY WILLIAMS PL
2
102 7
2
10
Bx
E
DG
W 146 ST W 145 ST
33
S
1
SA
FREDERICK DOUGLASS BLVD
Harlem 148 St
W 150 ST
3D MAP / TAX MAP3
E RIV
BRADHURST AV
EM RL HA
JACKIE 19.08’ WIDE FOUR-STORY TOWNHOUSE WITH AIR RIGHTS | FOR SALE OBINSON PARK
E 112 ST
W 112 ST 15
2 3 2
CENTRAL PARKDANA DISCOVERY CENTRAL NORTH HARLEM
E 110 ST
ASKING PRICE: $2,250,000 6
E 110 ST 15
110 ST
2
1
2
1
3 FOR MORE INFORMATION PLEASE CONTACT OUR 4EXCLUSIVE SALES AGENTS AT 212.544.9500 I arielpa.nyc 4 3
FOR FINANCING INFO
Paul McCormick x45 Michael A. Tortorici Matthew L. Gillis x42 Orry Michael x4002 106 MEER x13 E 106 ST [email protected] E 106 ST [email protected] [email protected] [email protected] LASKER 106 Q Т RINK E 105 ST The information contained herein has either been given to us by EL 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, MUSEO DEL 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 104 STshould evaluate. The prospective buyer should carefully verify each item of BARRIO 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 legalEcounsel income, and all other information contained herein. September 28, 2017 10:12 PM 6 MUSEUM OF THE Marko Agbaba x32
[email protected]
WARD’S ISLAND
FDR DRIV
19.08' Width
4
4,045
Stories
EAST HARLEM
Gross SF
Location
Ariel Property Advisors is pleased to present 320 East 120th Street, a multifamily walk-up building located on the south side of East 120th Street between First Avenue and Second Avenue in East Harlem. 320 East 120th Street is a 19.08’ wide, four (4) story walk-up building spanning approximately 4,045 gross square feet. The property contains four (4) floor-through units that enjoy free market status. The entire property is currently gutted and will be delivered vacant. Additionally, the property’s R7A zoning (4.00 FAR) provides approximately 3,659 square feet of additional air rights for redevelopment. The property is located in the rapidly expanding neighborhood of East Harlem, where several major development projects are underway. Notable developments include the revitalized Corn Exchange on East 125th Street, the Durst Organization’s 1800 Park Avenue development, and the recently announced “Sandero Verde”, a 751,000 square foot, mixed-use project to be built at East 111th Street and Park Avenue. Other local attractions include the Silberman School of Social Work at Hunter College, East River Plaza, Thomas Jefferson Park and Manhattan Center for Science and Mathematics. Easy access to Lower Manhattan and the outer boroughs is provided by the 4/5/6 subway lines at the East 125th Street and Lexington Avenue. 320 East 120th Street offers owner-users and developers the opportunity to customize a sizable vacant building in a prime East Harlem location.
PROPERTY INFORMATION Block / Lot Lot Dimensions Lot Area Building Dimensions Stories Building Size Zoning (FAR) Buildable Area Air Rights Assessment (17/18) Real Estate Taxes (17/18)
1796 / 44 19.08' x 100.92' 1,926 19.08' x 53' 4 4,045 R7A (4.0) 7,704 3,659 $29,237 $3,769
Sq. Ft. (approx.)
Sq. Ft. (approx.) Sq. Ft. (approx.) Sq. Ft. (approx.)
ASKING PRICE: $2,250,000 FOR MORE INFORMATION PLEASE CONTACT OUR EXCLUSIVE SALES AGENTS AT 212.544.9500 I arielpa.nyc Marko Agbaba x32
[email protected]
Michael A. Tortorici x13
[email protected]
Matthew L. Gillis x42
[email protected]
Orry Michael x4002
[email protected]
FOR FINANCING INFO Paul McCormick x45
[email protected]
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. September 28, 2017 6:15 PM
DA
B D Bx
6
Bx6 to Hunts Pt Food Ctr via Yankee Stadium TH
320 EAST 120 98
STREET, NEW YORK, NY 10035
R
RD
N
South side of East 120th Street between 7 102 First Avenue and Second Avenue W 147 ST
145
Bx
19
RI ST B
3 145 ST
135 ST B C
1st Avenue
W 139 ST
1796
VB NA
ISO
MAD
O ETR
Bx
1
W 137 ST
W 135 ST
M
33
TH
NOR 4 5
6 East 119th Street
Bx
THE BRONX
33
2 3
GE
Bx
98
15
98
RID
1
VB
1
W 130 ST
Bx15 from Fordham Plaza
WI
LOCATION MAP Bx
60 15
2 3
6
MT MORRIS PARK W
1 AV 3 AV 118 ST
5 AV
PARK AV
MADISON AV
E 120 ST
6 116 102
W 116 ST
98 101
EAST HARLEM
1
1
Central Park North (110 St)
B C
7 116
IC ST
116
JEFFERSON PARK
116
Cathedral Pkwy (110 St)
116
SUBJECT PROPERTY
E 116 ST
RAND ISLA
102
2
7
101 103
AV
FREDERICK DOUGLASS BLVD
2 3
FUTURE 2ND AVENUE SUBWAY LINE
AV
116 St
AS OL
W 116 ST
100
O
MANHATTAN AV
MARCUS GARVEY PARK
60 35
E 125 ST
103
E 124 ST
OLAS AV
CH
NI B C
Т
IN
ST NICH
ST
3
117 St
Q
ROBERT F. KENNEDY BRIDGE
15
AD
W 122 ST 3
E 126 ST
L PA
STUDIO MUSEUM IN HARLEM
35
125 St
100 101
DR MARTIN LUTHER KING BLVD
10
Bx
15 35
PLEASANT AV
125 ST
4 5
2 AV
APOLLO THEATRE
B D 125 ST
METRO NORTH
LEXINGTON AV
A C
Bx15 to Fordham Plaza via Third Av
LLI
HARLEM
3A
VB
RID
GE
135 ST
LENOX AV
W 131 ST
GE
RID
SCHOMBURG CENTRE ADAM CLAYTON POWELL JR BLVD (7 AVENUE)
AS
Bx19 to Botanical Garden via East 120th Street Southern Blvd
44
2nd Avenue
W 139 ST
WESLEY WILLIAMS PL
2
102 7
2
10
Bx
E
DG
W 146 ST W 145 ST
33
S
1
SA
FREDERICK DOUGLASS BLVD
Harlem 148 St
W 150 ST
3D MAP / TAX MAP3
E RIV
BRADHURST AV
EM RL HA
JACKIE 19.08’ WIDE FOUR-STORY TOWNHOUSE WITH AIR RIGHTS | FOR SALE OBINSON PARK
E 112 ST
W 112 ST 15
2 3 2
CENTRAL PARKDANA DISCOVERY CENTRAL NORTH HARLEM
E 110 ST
ASKING PRICE: $2,250,000 6
E 110 ST 15
110 ST
2
1
2
1
3 FOR MORE INFORMATION PLEASE CONTACT OUR 4EXCLUSIVE SALES AGENTS AT 212.544.9500 I arielpa.nyc 4 3
FOR FINANCING INFO
Paul McCormick x45 Michael A. Tortorici Matthew L. Gillis x42 Orry Michael x4002 106 MEER x13 E 106 ST [email protected] E 106 ST [email protected] [email protected] [email protected] LASKER 106 Q Т RINK E 105 ST The information contained herein has either been given to us by EL 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, MUSEO DEL 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 104 STshould evaluate. The prospective buyer should carefully verify each item of BARRIO 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 legalEcounsel income, and all other information contained herein. September 28, 2017 10:12 PM 6 MUSEUM OF THE Marko Agbaba x32
[email protected]
WARD’S ISLAND
FDR DRIV
