1653-1655 Madison Ave is an exciting investment opportunity in the heart of New York. Located between 110th Street and 111th Street on Madison Avenue, this 50' x 75' vacant lot boasts R7-2, C1-5 zoning, making it perfect for development. The property has already been approved for a 22,000sqft Gross, 15,000sqft Net, 19-unit mixed-use condo building, designed by Kurv Architecture, in 2016.
This prime location is just minutes away from Central Park. The corner lot adjacent to the building currently operates as a community garden, providing a serene and green atmosphere. The property is also in close proximity to several subway stations, including the 110th Street Station on the 4, 5, and 6 subway lines, the Cathedral Parkway (110th Street) Station on the B and C subway lines, and the 116th Street Station on the 2 and 3 subway lines making it easy to travel throughout the city.
This is a rare and valuable investment opportunity that should not be missed!