Summary: Asset CRG Advisors has been exclusively retained to sell 172 E 122nd St, New York, NY 10035. An 11,556 square foot development site on a 52 foot wide lot with approved plans for a 7-story residential building consisting 15 units and 8 parking spaces. The property is eligible for the 421-A tax abatement and is shovel ready, with access agreements in place. Approved plans and due diligence documents are available upon request. Prime Location: The property is located between Lexington Avenue & 3rd Avenue and is is just a 4-minute walk to Harlem Art Park and Dr. Ronald E. McNair Playground, both situated on the same street. 1 block away to Police Service Area. It is also close to food markets such as Foodtown of East Harlem and Food Bazaar, as well as North General Hospital, 4 blocks away from the property. Appreciation Potential: This development opportunity is situated in the vibrant heart of East Harlem, Manhattan, just 0.7 miles from the Mid-Manhattan Adult Learning Center. It is an 8-minute walk to Harlem Village Academies East Elementary & Middle School. Its prime location ensures convenient access to educational facilities. Excellent Connectivity: Nestled in East Harlem, this property provides seamless connectivity with easy access to highways. Transportation options include the nearby 125 St [4,5,6] Subway Station on Lexington Avenue, which is approximately 0.2 miles away, 6 blocks from the property. Proximity to Amenities: Experience unparalleled convenience at this strategically positioned development property, offering discerning investors effortless access to local amenities and shops. Nearby attractions include Foodtown of East Harlem and a variety of dining options such as Pizza Plus, Rica’s Tacos for Mexican cuisine and Jimbo's Hamburger. Property is also near to Dollar Tree, and JDI Barbell Gym. Adjacent to the property is Third Avenue Pharmacy Inc. Collectively, these amenities enhance the overall living experience, fostering a holistic and connected community.