Vacant Land (Lot) for Residential Development – R7 Zoning – East 115th Street (Harlem / Morningside)

Vacant Lot for Residential Development

Block / Lot #: 1621-0007

Lot Dimensions: 135 x 100.92 feet

Lot Size: Approximately 13,624 Sq. Ft.

Zoning: R7-2

FAR: 4.00 (4.6 with Inclusionary Housing)

Buildable Square Footage:

As-of-right: Approx. 54,497 Sq. Ft.

With Community Facility Bonus: Approx. 88,557 Sq. Ft.

Asking Price: $12,500,000

This 135-foot-wide development site is situated on the north side of East 115th Street, between 5th Avenue and Madison Avenue, in East Harlem. Zoned R7-2 with a wide street frontage, the property allows for a large-scale residential development with up to 88,556 buildable square feet when including the Community Facility Bonus, or approximately 54,497 square feet as-of-right.

Please note the property is subject to an easement requiring capacity for nineteen (19) parking spaces at 1760 Madison Avenue.

Located in a rapidly growing neighborhood, the site is surrounded by vibrant retail corridors and numerous new residential projects, many of which have consistently achieved condo sellouts exceeding $1,000 per square foot.

Nearby neighborhood highlights include Marcus Garvey Park, Central Park, Harlem Meer, Columbia University, the Silberman School of Social Work at Hunter College, and East Village Plaza. The property also offers convenient access to Lower Manhattan and other boroughs via the 2/3 subway lines, located just a block away on Malcolm X Boulevard.

With its prime location, strong local amenities, and a robust residential market, 7 East 115th Street represents an exceptional development opportunity positioned to benefit from the neighborhood’s continued growth and upside potential.