Vacant Land*(Lot) Development*For Residential Build Out*E115*R7-Zoning (Harlem / Morningside)

Vacant Lot for Residential Buildout

Block / Lot#: 1621-0007

Lot Dimensions: 135 x 100.92 feet

Lot Size: 13,624 Sq. Ft. (Approx.)

Zoning: R7-2

FAR: 4.00 or 4.6 w/ inclusionary housing (6.5 w/ Community Facility Bonus)

Buildable SF: 54,497 square feet (Approx as-of-right)

Buildable SF w/ CF Bonus: 88,557 square feet (Approx w/ CF Bonus)

ASKING PRICE: $12,500,000.00

This property is a 135 foot wide development site

located on the north side of East 115th Street between

5th Avenue and Madison Avenue in East Harlem.

Zoned R7-2 (4.00 FAR or 4.6 FAR with inclusionary housing,

– Wide Street),

The property permitsapproximately 88,556 buildable square feet (w/ CF bonus)

or 54,497 buildable square feet (as-of-right) for a large scale

residential development.

Please note the subject property is encumbered by an easement that requires capacity for nineteen

(19) parking spaces at 1760 Madison Avenue –

Located in a rapidly expanding neighborhood.

The site is surrounded by bustling retail and various

new residential developments, several of which are

consistently achieving condo sellouts north of $1,000 per square foot.

Local neighborhood attractions include Marcus Garvey Park,

Central Park, the Harlem Meer, Columbia University, the Silberman

School of Social Work at Hunter College, and the East Village Plaza.

the property also enjoys easy access to lower Manhattan and outer

borough locations via the 2/3 subway train just a block away on Malcolm X Blvd.

With its vastly convenient location, local draws and institutions, along with the combination of a robust residential marketplace, 7 East 115th Street represents an outstanding development opportunity poised to take advantage of neighborhood upside potential.