1908 Park Ave - Parking Lots & Garages FOR SALE


New York, NY 10035- East Harlem
$19,000,000 USD
914-968-8500
1908 Park Ave, New York, NY for Sale
$19,000,000 USD
Parking Lots & Garages - FOR SALE
1/1
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1908 Park Ave
New York, NY 10035
East Harlem


HIGHLIGHTS

  • Cinderblock construction, cement roof, 5 Drive in Bays.
  • Rooftop and basement parking with 3 stairwells. up to 10.0 FAR.
  • Freight elevator and 16 security cameras throughout.
  • Water holding tank; 2 water and 2 gas meters, 3 electric meters.
  • 24-hr parking for 149 cars, potential for 200 with lifts added.
  • Flexible M1-6/R9 MIH zoning; 485x tax abatement.

OVERVIEW

1908 Park Avenue, East Harlem, NYC - Presenting a prime development opportunity in East Harlem, NYC. This corner parcel at Park Avenue and East 130th Street spans 10,658 square feet and is zoned M1-6/R9 with Mandatory Inclusionary Housing. The existing 21,183-square-foot income-producing parking garage offers developers up to 106,580 buildable square feet. Its flexible zoning allows for a mix of affordable and market housing, light industrial, retail, and/or community facility space. All use groups are permitted except groups 15 and 18. The subject site provides excellent transit access. The 125th Street Metro-North Station, just blocks away, connects to Grand Central Terminal, while the nearby 125th Street subway station provides easy access to Midtown Manhattan. Multiple bus routes further enhance connectivity, making this an ideal transit-oriented site. The property is proximate to diverse retail, dining, and other local amenities. Shopping and entertainment options are abundant, and there are multiple hospitals nearby. This opportunity allows developers to create a significant project in an established and dynamic area.

FOR SALE DETAILS

PRICE

$19,000,000 USD

PRICE/SF

$897 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

M1-6/R9

APN/PARCEL ID

1754-0040

ASK ABOUT THIS PROPERTY

Marco LalaRM FriedlandMore Info
914-968-8500

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Marco LalaRM FriedlandMore Info
914-968-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.