70-78 W 126th St
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70-78 W 126th St
0.17 Acres of Commercial Land Offered at $3,500,000 in New York, NY 10027
Investment Highlights
- 22,482 BSF as-of-riht
- Direct connection to multiple transportation lines
- Ideal opportunity for condominium development
Executive Summary
Rare 75’ x 100’ parcel on the south side of West 126th Street between Lenox and 5th Avenues. Direct connections to the 2, 3 subway lines at West 125th Street and Lenox Avenue, and the Metro-North 125th Street station at Park Avenue R6A zoning provides approximately 22,482 BSF, as-of-right. The property currently consists of a 25’ wide parking lot and 3 small buildings that will be delivered vacant. Ideal opportunity for condominium development. Several condominium sales in the immediate area recently achieved prices north of $1,250 per
square foot. Ownership requests proposals from developers and potential partners to purchase outright AND, in the alternate, to buy a buyback a community facility and residential unit condominium in the new project (though either type of proposal is welcome.) For buyback proposals, Ownership requests a 5,000 sq. ft. community facility (which can be allocated above and/or below grade) and a 825 sq. ft. residential unit.
square foot. Ownership requests proposals from developers and potential partners to purchase outright AND, in the alternate, to buy a buyback a community facility and residential unit condominium in the new project (though either type of proposal is welcome.) For buyback proposals, Ownership requests a 5,000 sq. ft. community facility (which can be allocated above and/or below grade) and a 825 sq. ft. residential unit.
Property Facts Under Contract
Price | $3,500,000 | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | Apartment Units |
No. Lots | 1 | Total Lot Size | 0.17 AC |
Property Type | Land |
Price | $3,500,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Apartment Units |
Total Lot Size | 0.17 AC |
1 Lot Available
Lot 0
Price | $3,500,000 | Lot Size | 0.17 AC |
Price Per AC | $20,344,224 |
Price | $3,500,000 |
Price Per AC | $20,344,224 |
Lot Size | 0.17 AC |
Rare 75’ x 100’ parcel on the south side of West 126th Street between Lenox and 5th Avenues.
Description
75’ x 100’ parcel on the south side of West 126th Street between Lenox and 5th Avenues
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $206,100 | |
Land Assessment | $261,900 | Total Assessment | $468,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$261,900
Improvements Assessment
$206,100
Total Assessment
$468,000
zoning
Zoning Code | R6A |
R6A |
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70-78 W 126th St
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