25,054 R8A / C1-5 55' EAST HARLEM
247-249 EAST 117TH STREET, NEW YORK, NY 10035 25,054 BUILDABLE SQ. FT. EAST HARLEM DEVELOPMENT SITE | FOR SALE
25,054 Buildable Sq. Ft.
R8A / C1-5
Zoning
55'
EAST HARLEM
Lot Width
Location
Ariel Property Advisors is pleased to present 247-249 East 117th Street, a 55’ wide development site located on the north side of East 117th Street between 2nd Avenue and 3rd Avenue in East Harlem. Zoned R8A/C1-5 (6.02/2.00 FAR), the property permits approximately 27,052 buildable square feet (w/ CF bonus) or 25,054 buildable square feet (as-of-right) for mixed-use development. The property will be delivered with preliminary building plans, pending DOB approval – please inquire for more details. The property is located in an expanding neighborhood, surrounded by bustling retail and numerous new residential developments – several of which consistently achieve condo sell-outs north of $1,000 per square foot. Local area attractions, within walking distance from the property, include the East River Plaza, Marcus Garvey Park, Thomas Jefferson Park and the Silberman School of Social Work at Hunter College. The property also enjoys easy access to lower Manhattan and the outer boroughs via the 6 subway train just three blocks away at East 116th Street and Lexington Avenue. 247-249 East 117th Street offers investors a unique development opportunity poised to take advantage of neighborhood upside potential, including the eminent arrival of the 2nd Avenue subway line and a major East Harlem up-zoning.
PROPERTY INFORMATION Block / Lot Zoning FAR FAR Lot Dimensions Lot Size Buildable Sq. Ft. Buildable Sq. Ft. Assessment (16/17) Taxes (16/17)
1667 / 120 R8A / C1-5 6.02 6.50 55' x 75.67' 4,162 25,054 27,052 $327,135 $34,860
as-of-right w/Community Facility Sq. Ft. (Approx.) as-of-right w/Community Facility
ASKING PRICE: $7,250,000 FOR MORE INFORMATION PLEASE CONTACT OUR EXCLUSIVE SALES AGENTS AT 212.544.9500 I arielpa.nyc Victor Sozio x12 Michael A. Tortorici x13 [email protected] [email protected]
Matthew Gillis x42 Joshua Kwilecki x53 Orry Michael x4002 Michael George x5138 [email protected] [email protected] [email protected] [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. August 25, 2016 7:51 PM
3
Bx3 Riverdale 238 St - Bway Bx11 to West Farm Rd via 170 St Bx13 to Yankee Stadium via Odgen Av Bx35 to West Farms Rd via 167 St Bx36 to Olmstead Av/Randall Av via 180 St
98
W 178 ST W 177 ST
TON ON
3
Bx
AUDUBON AV
25,054 BUILDABLE SQ. FT. EAST HARLEM DEVELOPMENT SITE | FOR SALE HARLEM RIVER DR
7
AMSTERDAM AV
5
100
HIGHBRIDGE
PARK 247-249 EAST 117TH STREET, NEW YORK, NY 10035
ST NICHOLAS AV
AY ADW BRO
W 175 ST
101
1
A C shington hts 168 St
W 168 ST
3D MAP / TAX MAP
Bx
N S
W 166 ST
7
Located on the north side of East 117th Street W 165 ST between 2nd and 3rd Avenues 2
3
168 ST Amsterdam Av
S B MB GE CO ID MA M BR A D
B D
3 7 102
GE RID 2 ST B 145 Bx19 to Botanical
W 146 ST Bx
19
W 145 ST
3
Garden via Southern Blvd
East 117th Street
W 143 ST
Bx 104 15 15
MAR TIN
ER K
D
1
6
Bx
15 35
125 St
Q
Т
INGSI N MOR
B C
4
Central Park North (110 St)
1 AV
JEFFERSON PARK
PARK AV
15
2 3 2
CENTRAL PARKDANA DISCOVERY CENTRAL NORTH HARLEM LASKER RINK
6 2
1
4
3
10
4
3 106
E 106 ST
Q
Т
106
E 105 ST E 104 ST
6 103 ST 1
3
60
E 102 ST 1
101 102
3
103 98
4 106
NORTH MEADOW
W 100 ST
1
ASKING PRICE: $7,250,000 E 100 ST
ROB
ERT
F. K
ENN
EDY
BRID
GE M60 LaGuardia Airport
5 AV
11
2
E 106 ST
4 106 7
WARD’S ISLAND
15
110 ST
MEER
EL MUSEO DEL BARRIO MUSEUM OF THE CITY OF NEW YORK
B C 103 ST
W 103 ST
E 110 ST
E 110 ST
FDR DRIVE
1 103 ST
35
ICAHN STADIUM
116
E 112 ST
W 112 ST
W 104 ST
11
E 116 ST
116
1
1
W 105 ST
7
LEXINGTON AV
MT MORRIS PARK W
MADISON AV
FREDERICK DOUGLASS BLVD
5 AV
MANHATTAN AV
MORNINGSIDE AV R DE D
116 102
EAST HARLEM
98 101
RANDALL’S ISLAND
102
DUKE ELINGTON BLVD W 106 ST
104
AV
AMSTERDAM AV
O
Cathedral Pkwy (110 St)
60 116
6
W 116 ST
2
7
E 120 ST
116
7 116
ERSIDE ARK
W 116 ST
100
101 103
118 ST
60 35
E 125 ST
103
SUBJECT PROPERTY
35
AV
1
2 3
AS
Cathedral Pkwy (110 St)
116 St
OL
CATHEDRAL OF ST JOHN THE DIVINE
3
MARCUS GARVEY PARK
OLAS AV
W 113 ST
CH NI
MORNINGSIDE PARK
ST NICH
ST
1
ROBERT F. KENNEDY BRIDGE
15
IN
11 60
116 St Columbia University
35
E 126 ST
AD
W 122 ST
B C
Bx15 to Fordham Plaza via Third Av
E 124 ST
STUDIO MUSEUM IN HARLEM
10
117 St
98
4 5
DR MARTIN LUTHER KING BLVD
3
Bx15 from Fordham Plaza
LLI METRO NORTH
Bx
60 15 100 101
2 3
Bx
COLUMBIA UNIVERSITY
W 101 ST
Bx
15
98
60 15
60
BROADWAY
W 130 ST
125 ST
100 101
W 120 ST
W 103 ST
1
L PA
CLARENONT AV
APOLLO THEATRE
B D 125 ST
BLV
BROADWAY
ING
4 104
W 116 ST
A C
104
LUT H
ROBERT F. KENNEDY BRIDGE
DR
HARLEM
W 129 ST
1
135 ST
WI
125 ST
W 131 ST
THE BRONX
2 3
GE
11
LOCATION MAP
6
Bx
33
RID
ST NICHOLAS PARK
100 101
5 W 135 ST
GE
W 135 ST
TH
NOR 4
RID
WESLEY WILLIAMS PL
Bx
33
RO
MET
33
VB
CITY COLLEGE
SCHOMBURG CENTRE
Bx
1
W 137 ST
3A
137 ST CITY COLLEGE
SO ADI
M 135 ST B C
LENOX AV
ILTO N HAM
1
E
IDG
V BR
NA
W 139 ST
W 139 ST
OLAS AV
CONVENT AV
PL
ST NICH
W 137 ST
102 7
2
10
100 101
ADAM CLAYTON POWELL JR BLVD (7 AVENUE)
5
PLEASANT AV
W 145 ST
145 ST
4
120
1
W 147 ST
VB
EDGECOMBE AV
BRADHURST AV
AMSTERDAM AV
Harlem 148 St
W 150 ST
DR
B D
Bx6 to Hunts Pt Food Ctr via Yankee Stadium
ER RIV
1
Bx
19
98
EM
A C
1667 RL HA
AV 3
W 147 ST 145 ST
6
JACKIE ROBINSON PARK
S HOLA
BROADWAY
ST NIC
W 150 ST
Bx
3rd Avenue
C 155 ST
FREDERICK DOUGLASS BLVD
W 155 ST
UDUBON ERRACE
2nd Avenue
10
2
SA
1 W 157 ST 157 ST
East 118th Street D
2 AV
3 100 101
3 AV
EDGECOMBE AV
HARLE
5
M RIV
4
ER D
C
RIVE
MORRIS-JUMEL MANSION
W 163 ST
101 102
E 97 ST
CENTRAL PARK
96
E 96 ST FOR MORE INFORMATION PLEASE CONTACT OUR EXCLUSIVE I arielpa.nyc W 96 ST E 96 STSALES AGENTS AT 212.544.9500 96 ST B C 96 ST
CENTRAL PARK WEST
BROADWAY
Victor Sozio x12 Michael A. Tortorici x13 3 [email protected] [email protected]
Q
6
FOR FINANCING INFO
Т
ST Matthew Gillis x42 Joshua96Kwilecki x53 Orry Michael x4002 Michael George x5138 E 94 ST [email protected] [email protected] [email protected] [email protected]
JEWISH MUSEUM
LEXINGTON AV
2
96
PARK AV
1
Paul McCormick x45 [email protected]
31 86
E 92 ST
MUSEUM
1 AV
2 AV
3 AV
COLUMBUS AV
The information contained herein has either been given to us by RESERVOIR the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt itsE accuracy but we do not guarantee the accuracy of any information provided herein. As an example, 91 ST W 91 ST COOPER-HEWITT 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 MUSEUM 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 104 income, and all other information contained herein. August 25, 2016 7:51 PM NATIONAL ACADEMY E 89 ST AMSTERDAM AV
WESTEND AV
103 98
96 106
W 97 ST 96 106
MADISON AV
W 97 ST
GRACIE
25,054 Buildable Sq. Ft.
R8A / C1-5
Zoning
55'
EAST HARLEM
Lot Width
Location
Ariel Property Advisors is pleased to present 247-249 East 117th Street, a 55’ wide development site located on the north side of East 117th Street between 2nd Avenue and 3rd Avenue in East Harlem. Zoned R8A/C1-5 (6.02/2.00 FAR), the property permits approximately 27,052 buildable square feet (w/ CF bonus) or 25,054 buildable square feet (as-of-right) for mixed-use development. The property will be delivered with preliminary building plans, pending DOB approval – please inquire for more details. The property is located in an expanding neighborhood, surrounded by bustling retail and numerous new residential developments – several of which consistently achieve condo sell-outs north of $1,000 per square foot. Local area attractions, within walking distance from the property, include the East River Plaza, Marcus Garvey Park, Thomas Jefferson Park and the Silberman School of Social Work at Hunter College. The property also enjoys easy access to lower Manhattan and the outer boroughs via the 6 subway train just three blocks away at East 116th Street and Lexington Avenue. 247-249 East 117th Street offers investors a unique development opportunity poised to take advantage of neighborhood upside potential, including the eminent arrival of the 2nd Avenue subway line and a major East Harlem up-zoning.
PROPERTY INFORMATION Block / Lot Zoning FAR FAR Lot Dimensions Lot Size Buildable Sq. Ft. Buildable Sq. Ft. Assessment (16/17) Taxes (16/17)
1667 / 120 R8A / C1-5 6.02 6.50 55' x 75.67' 4,162 25,054 27,052 $327,135 $34,860
as-of-right w/Community Facility Sq. Ft. (Approx.) as-of-right w/Community Facility
ASKING PRICE: $7,250,000 FOR MORE INFORMATION PLEASE CONTACT OUR EXCLUSIVE SALES AGENTS AT 212.544.9500 I arielpa.nyc Victor Sozio x12 Michael A. Tortorici x13 [email protected] [email protected]
Matthew Gillis x42 Joshua Kwilecki x53 Orry Michael x4002 Michael George x5138 [email protected] [email protected] [email protected] [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. August 25, 2016 7:51 PM
3
Bx3 Riverdale 238 St - Bway Bx11 to West Farm Rd via 170 St Bx13 to Yankee Stadium via Odgen Av Bx35 to West Farms Rd via 167 St Bx36 to Olmstead Av/Randall Av via 180 St
98
W 178 ST W 177 ST
TON ON
3
Bx
AUDUBON AV
25,054 BUILDABLE SQ. FT. EAST HARLEM DEVELOPMENT SITE | FOR SALE HARLEM RIVER DR
7
AMSTERDAM AV
5
100
HIGHBRIDGE
PARK 247-249 EAST 117TH STREET, NEW YORK, NY 10035
ST NICHOLAS AV
AY ADW BRO
W 175 ST
101
1
A C shington hts 168 St
W 168 ST
3D MAP / TAX MAP
Bx
N S
W 166 ST
7
Located on the north side of East 117th Street W 165 ST between 2nd and 3rd Avenues 2
3
168 ST Amsterdam Av
S B MB GE CO ID MA M BR A D
B D
3 7 102
GE RID 2 ST B 145 Bx19 to Botanical
W 146 ST Bx
19
W 145 ST
3
Garden via Southern Blvd
East 117th Street
W 143 ST
Bx 104 15 15
MAR TIN
ER K
D
1
6
Bx
15 35
125 St
Q
Т
INGSI N MOR
B C
4
Central Park North (110 St)
1 AV
JEFFERSON PARK
PARK AV
15
2 3 2
CENTRAL PARKDANA DISCOVERY CENTRAL NORTH HARLEM LASKER RINK
6 2
1
4
3
10
4
3 106
E 106 ST
Q
Т
106
E 105 ST E 104 ST
6 103 ST 1
3
60
E 102 ST 1
101 102
3
103 98
4 106
NORTH MEADOW
W 100 ST
1
ASKING PRICE: $7,250,000 E 100 ST
ROB
ERT
F. K
ENN
EDY
BRID
GE M60 LaGuardia Airport
5 AV
11
2
E 106 ST
4 106 7
WARD’S ISLAND
15
110 ST
MEER
EL MUSEO DEL BARRIO MUSEUM OF THE CITY OF NEW YORK
B C 103 ST
W 103 ST
E 110 ST
E 110 ST
FDR DRIVE
1 103 ST
35
ICAHN STADIUM
116
E 112 ST
W 112 ST
W 104 ST
11
E 116 ST
116
1
1
W 105 ST
7
LEXINGTON AV
MT MORRIS PARK W
MADISON AV
FREDERICK DOUGLASS BLVD
5 AV
MANHATTAN AV
MORNINGSIDE AV R DE D
116 102
EAST HARLEM
98 101
RANDALL’S ISLAND
102
DUKE ELINGTON BLVD W 106 ST
104
AV
AMSTERDAM AV
O
Cathedral Pkwy (110 St)
60 116
6
W 116 ST
2
7
E 120 ST
116
7 116
ERSIDE ARK
W 116 ST
100
101 103
118 ST
60 35
E 125 ST
103
SUBJECT PROPERTY
35
AV
1
2 3
AS
Cathedral Pkwy (110 St)
116 St
OL
CATHEDRAL OF ST JOHN THE DIVINE
3
MARCUS GARVEY PARK
OLAS AV
W 113 ST
CH NI
MORNINGSIDE PARK
ST NICH
ST
1
ROBERT F. KENNEDY BRIDGE
15
IN
11 60
116 St Columbia University
35
E 126 ST
AD
W 122 ST
B C
Bx15 to Fordham Plaza via Third Av
E 124 ST
STUDIO MUSEUM IN HARLEM
10
117 St
98
4 5
DR MARTIN LUTHER KING BLVD
3
Bx15 from Fordham Plaza
LLI METRO NORTH
Bx
60 15 100 101
2 3
Bx
COLUMBIA UNIVERSITY
W 101 ST
Bx
15
98
60 15
60
BROADWAY
W 130 ST
125 ST
100 101
W 120 ST
W 103 ST
1
L PA
CLARENONT AV
APOLLO THEATRE
B D 125 ST
BLV
BROADWAY
ING
4 104
W 116 ST
A C
104
LUT H
ROBERT F. KENNEDY BRIDGE
DR
HARLEM
W 129 ST
1
135 ST
WI
125 ST
W 131 ST
THE BRONX
2 3
GE
11
LOCATION MAP
6
Bx
33
RID
ST NICHOLAS PARK
100 101
5 W 135 ST
GE
W 135 ST
TH
NOR 4
RID
WESLEY WILLIAMS PL
Bx
33
RO
MET
33
VB
CITY COLLEGE
SCHOMBURG CENTRE
Bx
1
W 137 ST
3A
137 ST CITY COLLEGE
SO ADI
M 135 ST B C
LENOX AV
ILTO N HAM
1
E
IDG
V BR
NA
W 139 ST
W 139 ST
OLAS AV
CONVENT AV
PL
ST NICH
W 137 ST
102 7
2
10
100 101
ADAM CLAYTON POWELL JR BLVD (7 AVENUE)
5
PLEASANT AV
W 145 ST
145 ST
4
120
1
W 147 ST
VB
EDGECOMBE AV
BRADHURST AV
AMSTERDAM AV
Harlem 148 St
W 150 ST
DR
B D
Bx6 to Hunts Pt Food Ctr via Yankee Stadium
ER RIV
1
Bx
19
98
EM
A C
1667 RL HA
AV 3
W 147 ST 145 ST
6
JACKIE ROBINSON PARK
S HOLA
BROADWAY
ST NIC
W 150 ST
Bx
3rd Avenue
C 155 ST
FREDERICK DOUGLASS BLVD
W 155 ST
UDUBON ERRACE
2nd Avenue
10
2
SA
1 W 157 ST 157 ST
East 118th Street D
2 AV
3 100 101
3 AV
EDGECOMBE AV
HARLE
5
M RIV
4
ER D
C
RIVE
MORRIS-JUMEL MANSION
W 163 ST
101 102
E 97 ST
CENTRAL PARK
96
E 96 ST FOR MORE INFORMATION PLEASE CONTACT OUR EXCLUSIVE I arielpa.nyc W 96 ST E 96 STSALES AGENTS AT 212.544.9500 96 ST B C 96 ST
CENTRAL PARK WEST
BROADWAY
Victor Sozio x12 Michael A. Tortorici x13 3 [email protected] [email protected]
Q
6
FOR FINANCING INFO
Т
ST Matthew Gillis x42 Joshua96Kwilecki x53 Orry Michael x4002 Michael George x5138 E 94 ST [email protected] [email protected] [email protected] [email protected]
JEWISH MUSEUM
LEXINGTON AV
2
96
PARK AV
1
Paul McCormick x45 [email protected]
31 86
E 92 ST
MUSEUM
1 AV
2 AV
3 AV
COLUMBUS AV
The information contained herein has either been given to us by RESERVOIR the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt itsE accuracy but we do not guarantee the accuracy of any information provided herein. As an example, 91 ST W 91 ST COOPER-HEWITT 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 MUSEUM 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 104 income, and all other information contained herein. August 25, 2016 7:51 PM NATIONAL ACADEMY E 89 ST AMSTERDAM AV
WESTEND AV
103 98
96 106
W 97 ST 96 106
MADISON AV
W 97 ST
GRACIE
