125 w 120th street
125 W 120TH STREET Prime Townhouse Redevelopment Opportunity 1
Located Near Harlem’s 125th Street Retail Corridor CUSHMAN & WAKEFIELD
125 WEST 120TH STREET - PROPERTY OVERVIEW Property Description 125 West 120th Street is located on the north side of West 120th Street between Lenox Avenue and Adam Clayton Powell Jr. Boulevard. This fourstory townhouse presents the unique opportunity to create a one of a kind dream home on one of Harlem’s best blocks. The block’s serene tree-lined streets and beautifully maintained brownstones make this one of the most highly sought after and picturesque neighborhoods. The 20’ wide townhouse with a pronounced limestone façade has been vacant for 20+ years and is in need of a full gut renovation. With ~ 5,360 SF, this opportunity offers buyers ample space for creation and a blank slate for
personal customization. The property benefits from its close proximity to Marcus Garvey Park and the 125th Street retail corridor, which includes national retail tenants like Starbucks, Whole Foods Market, Bed Bath & Beyond, Banana Republic and more. In addition to national and international retailers, the area benefits from its rich culture that can be seen through some of its local establishments such as Sylvia’s, Red Rooster, The Cecil and Minton’s. 125 West 120th Street is also serviced by many train lines, all within a 35 minute ride to midtown including the express train stop at 116th Street. The property is currently SRO restricted.
Highlights • Walking distance to Central Park
• Just off the 125th Street retail corridor
• Long term ownership
• Ample transportation
• Vacant 20+ years
• Tax Class 2B
• ~ 5,360 SF of vacant space
Retail Map
2
A C B D
4
3
5 6
125 W 120TH ST
CUSHMAN & WAKEFIELD
2
125 WEST 120TH STREET - PROPERTY FEATURES ASKING PRICE: $2,150,000
PPSF: $401
Property Features: Location:
Located on the north side of West 120th Street between Lenox Avenue and Adam Clayton Powell Jr. Boulevard
Block & Lot:
1905 - 18
Lot Dimensions:
20’ x 100.92’
Lot Size:
2,018 sq ft (approx.)
Building Dimensions:
20' x 72' (irregular)
Stories:
4
Gross Square Footage*:
5,360 sq ft (approx.)
Zoning:
R7-2
Residential FAR:
3.44
Community Facility FAR:
6.50
Total Buildable Sq. Ft.:
6,942 sq ft (approx.)
Minus Existing Structure:
(5,360) sq ft (approx.)
Available Air Rights:
1,582 sq ft (approx.)
Assessment (17/18):
$46,979
Taxes (17/18):
$6,057 (Tax Class 2B)
*Subject to independent verification
West 121st Street
Lenox Avenue
Adam Clayton Powell Jr. Boulevard
Tax Map
West 120th Street
CUSHMAN & WAKEFIELD
3
125 WEST 120TH STREET - TRANSPORTATION 1 A C B D
2 3
COLUMBIA UNIVERSITY
M N R
125 W 120TH ST
4 5
125TH STREET
6
116TH STREET
Travel Times: 35
to Grand Central via
25
to Grand Central via Metro North
20
to Times Square via
28
to Bryant Park via
min
min 96TH STREET
min
min
4
2
5
6
3
B C
86TH STREET
72ND STREET
COLUMBUS CIRCLE
TIMES SQUARE
59TH STREET
20
25
min
BRYANT PARK
28
min
min
GRAND CENTRAL
35
min
CUSHMAN & WAKEFIELD
4
125 WEST TH 120 STREET For more information contact: Guthrie Garvin
Senior Managing Director (212) 660 7786 [email protected]
Robert M. Shapiro
Executive Managing Director (212) 660 7717 [email protected]
Eric Roth
Associate (212) 660 7757 [email protected]
Michael Gembecki
Director (212) 660 7743 [email protected]
Alexander Ball
Associate [email protected] (212) 660-7715
Cushman & Wakefield Copyright 2017. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Located Near Harlem’s 125th Street Retail Corridor CUSHMAN & WAKEFIELD
125 WEST 120TH STREET - PROPERTY OVERVIEW Property Description 125 West 120th Street is located on the north side of West 120th Street between Lenox Avenue and Adam Clayton Powell Jr. Boulevard. This fourstory townhouse presents the unique opportunity to create a one of a kind dream home on one of Harlem’s best blocks. The block’s serene tree-lined streets and beautifully maintained brownstones make this one of the most highly sought after and picturesque neighborhoods. The 20’ wide townhouse with a pronounced limestone façade has been vacant for 20+ years and is in need of a full gut renovation. With ~ 5,360 SF, this opportunity offers buyers ample space for creation and a blank slate for
personal customization. The property benefits from its close proximity to Marcus Garvey Park and the 125th Street retail corridor, which includes national retail tenants like Starbucks, Whole Foods Market, Bed Bath & Beyond, Banana Republic and more. In addition to national and international retailers, the area benefits from its rich culture that can be seen through some of its local establishments such as Sylvia’s, Red Rooster, The Cecil and Minton’s. 125 West 120th Street is also serviced by many train lines, all within a 35 minute ride to midtown including the express train stop at 116th Street. The property is currently SRO restricted.
Highlights • Walking distance to Central Park
• Just off the 125th Street retail corridor
• Long term ownership
• Ample transportation
• Vacant 20+ years
• Tax Class 2B
• ~ 5,360 SF of vacant space
Retail Map
2
A C B D
4
3
5 6
125 W 120TH ST
CUSHMAN & WAKEFIELD
2
125 WEST 120TH STREET - PROPERTY FEATURES ASKING PRICE: $2,150,000
PPSF: $401
Property Features: Location:
Located on the north side of West 120th Street between Lenox Avenue and Adam Clayton Powell Jr. Boulevard
Block & Lot:
1905 - 18
Lot Dimensions:
20’ x 100.92’
Lot Size:
2,018 sq ft (approx.)
Building Dimensions:
20' x 72' (irregular)
Stories:
4
Gross Square Footage*:
5,360 sq ft (approx.)
Zoning:
R7-2
Residential FAR:
3.44
Community Facility FAR:
6.50
Total Buildable Sq. Ft.:
6,942 sq ft (approx.)
Minus Existing Structure:
(5,360) sq ft (approx.)
Available Air Rights:
1,582 sq ft (approx.)
Assessment (17/18):
$46,979
Taxes (17/18):
$6,057 (Tax Class 2B)
*Subject to independent verification
West 121st Street
Lenox Avenue
Adam Clayton Powell Jr. Boulevard
Tax Map
West 120th Street
CUSHMAN & WAKEFIELD
3
125 WEST 120TH STREET - TRANSPORTATION 1 A C B D
2 3
COLUMBIA UNIVERSITY
M N R
125 W 120TH ST
4 5
125TH STREET
6
116TH STREET
Travel Times: 35
to Grand Central via
25
to Grand Central via Metro North
20
to Times Square via
28
to Bryant Park via
min
min 96TH STREET
min
min
4
2
5
6
3
B C
86TH STREET
72ND STREET
COLUMBUS CIRCLE
TIMES SQUARE
59TH STREET
20
25
min
BRYANT PARK
28
min
min
GRAND CENTRAL
35
min
CUSHMAN & WAKEFIELD
4
125 WEST TH 120 STREET For more information contact: Guthrie Garvin
Senior Managing Director (212) 660 7786 [email protected]
Robert M. Shapiro
Executive Managing Director (212) 660 7717 [email protected]
Eric Roth
Associate (212) 660 7757 [email protected]
Michael Gembecki
Director (212) 660 7743 [email protected]
Alexander Ball
Associate [email protected] (212) 660-7715
Cushman & Wakefield Copyright 2017. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
