204 Lenox Ave - Residential LAND FOR SALE


New York, NY 10027 1,599 SF
$999,000 USD
646-363-6175
204 Lenox Ave, New York, NY for Sale
$999,000 USD
Residential LAND - FOR SALE
1/2
1,599 SF

204 Lenox Ave
New York, NY 10027


HIGHLIGHTS

  • Vacant lot poised for development, ideally suited for a mixed use building or a residential boutique condo project.
  • Comparable condo sales at $1,000 PSF.
  • 5,504 square feet of buildable space.
  • Property is located in the opportunity zone.

OVERVIEW

Summary: Asset CRG Advisors have been exclusively retained to sell 204 Lenox Ave, New York, NY 10027. The property is a vacant 20 feet wide lot with an R7-2/C1-4 zoning. There are a total of 5,504 buildable square feet allowing for either a mixed use building or boutique condo project. with comparable condo sales reaching over $1,000 PSF. The property is surrounded by many new developments. Prime Location: This development property represents a compelling investment opportunity. Harlem, celebrated for its historic charm and cultural vibrancy, is an appealing choice for astute investors. The property is near The Studio Museum in Harlem, just 0.4 miles away, and 0.7 miles from Teachers College Community School. Appreciation Potential: This development opportunity is located in the heart of Harlem, Manhattan, within walking distance of Marcus Garvey Park for leisure activities, which is just 6 blocks away. Additionally, it is a 7-minute walk to Harlem Library and Malcolm Shabazz Harlem Market. Its prime location ensures convenient access to essential amenities and a thriving community. Excellent Connectivity: Nestled in Harlem, this property provides seamless connectivity with easy access to highways. Transportation options include the nearby 116 St [2,3] Subway Station on Malcolm X Blvd, it’s about 0.2 miles which is 1 block from the property. Proximity to Amenities: Experience unparalleled convenience at this strategically positioned multifamily property, offering discerning investors effortless access to local amenities and shops. Nearby gems include Blink Fitness just 0.3 mile away, Whole Foods Market, Chase Bank, near to II Caffe Latte which is an Italian restaurant, & Malcolm Pharmacy. Collectively, these amenities enhance the overall living experience, fostering a holistic and connected community.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/ACRE

$27,197,775/AC

PRICE/SF

$624 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Commercial

LAND ACRES

0.04 AC

LAND SF

1,600 SF

OFFSITE IMPROVEMENTS

-

ZONING

R7-2, C1-4

APN/PARCEL ID

1720-0003

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

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Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

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