84,773 210' East Harlem
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. January 6, 2015 4:01 PM
228-242 EAST 122ND STREET, NEW YORK, NY 10035 84,773 Buildable Sq. Ft. East Harlem Development Site | FOR SALE
84,773
210’
Buildable SF
East Harlem
Lot Width
Location
PROPERTY INFORMATION Address
228-242 East 122nd Street, New York, NY 10035
Location
The subject property is located on the south side of East 122nd Street between 2nd and 3rd Avenues
Block / Lot
1786 / 37,36,35,34,133,33,32,31
Lot Dimensions
210' x 100.92'
Lot Size
21,193
Zoning
R7A
FAR
4.00
Buildable Area (as-of-right)
84,773
Assessment (14/15)
$1,339,001
Taxes (14/15)
$143,058
Sq. Ft. (Approx.)
Sq. Ft. (Approx.)
INVESTMENT HIGHLIGHTS Ariel Property Advisors presents one of the largest development opportunities in Northern Manhattan: 228-242 East 122nd Street. Spanning 210’ of frontage along the south side of East 122nd Street between 2nd and 3rd Avenues, the asset currently consists of two small commercial buildings and a large vacant parcel. R7A zoning (4.0 FAR) provides approximately 84,773 buildable square feet for a residential or community facility project. The site’s unique plot size gives developers an opportunity to incorporate first class amenities and layouts into a new project.
RID
GE
Local attractions include The East River Plaza, the Hunter School of Social Work, Thomas Jefferson Park, Rao’s and Patsy’s Pizzeria. The site is also a short walk to Harlem’s bustling 125th Street, the 4/5/6 train at Lexington Avenue, and the Metro-North 125th Street Station at Park Avenue. Offering tremendous scale and a centralized, accessible location, 224-42 East 122nd Street stands out as a premier Northern Manhattan development opportunity.
WI LLI SA 35
100
Subject Property
2 3
1 AV 3 AV
6 116 102
W 116 ST
LEXINGTON AV
PARK AV
MADISON AV
116 ST
5 AV
116 St
AV
E 120 ST
98 101
EAST HARLEM
1786
NO
101 103
I AD
MARCUS GARVEY PARK
L PA
MT MORRIS PARK W
E 124 ST
37
E 125 ST
103
116
East 121 st Street
Asking Price: $25,000,000 E 116 ST
116
102
A
For More Information Please Contact Our Exclusive Sales Agents Michael A. Tortorici
Shimon Shkury
Victor Sozio
Josh Berkowitz
Matthew Gillis
212.544.9500 x.13
212.544.9500 x.11
212.544.9500 x.12
212.544.9500 x.41
212.544.9500 x.42
[email protected]
[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
2 nd Avenue
ROBERT F. KENNEDY BRIDGE
15
31
E 126 ST
125 St
DR MARTIN LUTHER KING BLVD
STUDIO MUSEUM IN HARLEM
East 122 nd Street
Bx
15 35
36 35 34 133 33 32
6
PLEASANT AV
2 3
4 5
3rd Avenue
METRO NORTH
Bx
60 15 100 101
2 AV
125 ST
TAX MAP
VB
LOCATION MAP
228-242 EAST 122ND STREET, NEW YORK, NY 10035 84,773 Buildable Sq. Ft. East Harlem Development Site | FOR SALE
84,773
210’
Buildable SF
East Harlem
Lot Width
Location
PROPERTY INFORMATION Address
228-242 East 122nd Street, New York, NY 10035
Location
The subject property is located on the south side of East 122nd Street between 2nd and 3rd Avenues
Block / Lot
1786 / 37,36,35,34,133,33,32,31
Lot Dimensions
210' x 100.92'
Lot Size
21,193
Zoning
R7A
FAR
4.00
Buildable Area (as-of-right)
84,773
Assessment (14/15)
$1,339,001
Taxes (14/15)
$143,058
Sq. Ft. (Approx.)
Sq. Ft. (Approx.)
INVESTMENT HIGHLIGHTS Ariel Property Advisors presents one of the largest development opportunities in Northern Manhattan: 228-242 East 122nd Street. Spanning 210’ of frontage along the south side of East 122nd Street between 2nd and 3rd Avenues, the asset currently consists of two small commercial buildings and a large vacant parcel. R7A zoning (4.0 FAR) provides approximately 84,773 buildable square feet for a residential or community facility project. The site’s unique plot size gives developers an opportunity to incorporate first class amenities and layouts into a new project.
RID
GE
Local attractions include The East River Plaza, the Hunter School of Social Work, Thomas Jefferson Park, Rao’s and Patsy’s Pizzeria. The site is also a short walk to Harlem’s bustling 125th Street, the 4/5/6 train at Lexington Avenue, and the Metro-North 125th Street Station at Park Avenue. Offering tremendous scale and a centralized, accessible location, 224-42 East 122nd Street stands out as a premier Northern Manhattan development opportunity.
WI LLI SA 35
100
Subject Property
2 3
1 AV 3 AV
6 116 102
W 116 ST
LEXINGTON AV
PARK AV
MADISON AV
116 ST
5 AV
116 St
AV
E 120 ST
98 101
EAST HARLEM
1786
NO
101 103
I AD
MARCUS GARVEY PARK
L PA
MT MORRIS PARK W
E 124 ST
37
E 125 ST
103
116
East 121 st Street
Asking Price: $25,000,000 E 116 ST
116
102
A
For More Information Please Contact Our Exclusive Sales Agents Michael A. Tortorici
Shimon Shkury
Victor Sozio
Josh Berkowitz
Matthew Gillis
212.544.9500 x.13
212.544.9500 x.11
212.544.9500 x.12
212.544.9500 x.41
212.544.9500 x.42
[email protected]
[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
2 nd Avenue
ROBERT F. KENNEDY BRIDGE
15
31
E 126 ST
125 St
DR MARTIN LUTHER KING BLVD
STUDIO MUSEUM IN HARLEM
East 122 nd Street
Bx
15 35
36 35 34 133 33 32
6
PLEASANT AV
2 3
4 5
3rd Avenue
METRO NORTH
Bx
60 15 100 101
2 AV
125 ST
TAX MAP
VB
LOCATION MAP
