Prime Park Avenue Site in Booming East Harlem

Investment Highlights

Premier Transit-Oriented Location:

Directly across from the 125th Street Transit Hub, offering seamless access to the Metro-North Railroad, the new Q line extension, and the 4/5/6 subway lines at Lexington Avenue—positioning the site as one of the most connected residential opportunities in Upper Manhattan.

Significant Development Potential:

Zoned for up to 162,000 square feet of residential floor area, enabling the creation of a substantial multi-family residential project with up to 238 units.

Strategic East Harlem Address:

Ideally situated on Park Avenue, in the heart of East Harlem, a neighborhood undergoing rapid transformation driven by a wave of residential, commercial, and infrastructure investment.

Surging Public and Private Investment:

Surrounded by major projects such as the Second Avenue Subway extension, the Metro North Viaduct reconstruction, and high-profile mixed-income developments, underscoring long-term growth and value potential.

Executive Summary

Unparalleled Development Opportunity – 1824 Park Avenue, Manhattan

Located in the heart of Harlem’s dynamic transformation, 1824 Park Avenue represents a premier residential development opportunity in one of New York City’s fastest-growing urban corridors.

The site offers 161,900 square feet of buildable residential floor area, with potential for up to 238 apartment units, making it ideal for a large-scale residential project in a neighborhood marked by escalating demand and substantial public and private investment.

Strategically situated near 125th Street, a hub of revitalization, this area has seen the rapid emergence of high-profile developments such as The Smile and 1856 Park Avenue, the latter achieving near-complete leasing in record time. The under-construction mixed-income development at 132 East 125th Street further underscores the area’s growth trajectory.

This transformation is complemented by an expanding mix of retail, dining, and entertainment options, reinforcing Harlem’s status as a vibrant and desirable urban lifestyle destination.

Major transit infrastructure enhancements are underway, including:

The Second Avenue Subway extension to 125th Street and Park Avenue

The Park Avenue Metro North Viaduct Reconstruction

Upgrades to the 125th Street Harlem Metro North Station

These projects will significantly boost neighborhood accessibility and connectivity, solidifying 1824 Park Avenue as a highly attractive site for a flagship residential development.

For further details, please refer to the Offering Memorandum, and contact us to request the full planning studies