54,497 Buildable Sq. Ft. Development Site for Sale
This property is a 135 foot wide development site located on the north side of East 115th Street between 5th Avenue
and Madison Avenue in East Harlem. Zoned R7-2 (4.00 FAR or 4.6 FAR with inclusionary housing, – Wide Street),
the property permits approximately 88,556 buildable square feet (w/ CF bonus) or 54,497 buildable square feet (as-
of-right) for a large scale residential development. Please note the subject property is encumbered by an easement
that requires capacity for nineteen (19) parking spaces at 1760 Madison Avenue – please inquire for more info.
The property is located in the rapidly expanding neighborhood of East Harlem, an area slated for considerable
growth given the City’s proposed rezoning initiatives. The site is surrounded by bustling retail and various new
residential developments, several of which are consistently achieving condo sellouts north of $1,000 per square foot.
Local neighborhood attractions include Marcus Garvey Park, Central Park, the Harlem Meer, Columbia University,
the Silberman School of Social Work at Hunter College, and the East Village Plaza. The property also enjoys easy
access to lower Manhattan and outer borough locations via the 2/3 subway train just a block away on Malcolm X
Blvd.
With its vastly convenient location, local draws and institutions, along with the combination of a robust residential
marketplace, 7 East 115th Street represents an outstanding development opportunity poised to take advantage of
neighborhood upside potential.
Block / Lot#: 1621-0007
Lot Dimensions: 135 x 100.92 feet
Lot Size: 13,624 Sq. Ft. (Approx.)
Zoning: R7-2
FAR: 4.00 or 4.6 w/ inclusionary housing (6.5 w/ Community Facility Bonus)
Buildable SF: 54,497 square feet (Approx as-of-right)
Buildable SF w/ CF Bonus: 88,557 square feet (Approx w/ CF Bonus)
ASKING PRICE: $13,000,000.00
VIEWING INFO: Please email [email protected] with 1) owner name, phone number and email address 2) business name and description 3) type of use 4) square footage required 5) specific requirements.
DISCLAIMER: All information submitted is subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice. All dimensions are approximate. For exact dimensions, please hire your own architect or engineer.
This property is a 135 foot wide development site located on the north side of East 115th Street between 5th Avenue
and Madison Avenue in East Harlem. Zoned R7-2 (4.00 FAR or 4.6 FAR with inclusionary housing, – Wide Street),
the property permits approximately 88,556 buildable square feet (w/ CF bonus) or 54,497 buildable square feet (as-
of-right) for a large scale residential development. Please note the subject property is encumbered by an easement
that requires capacity for nineteen (19) parking spaces at 1760 Madison Avenue – please inquire for more info.
The property is located in the rapidly expanding neighborhood of East Harlem, an area slated for considerable
growth given the City’s proposed rezoning initiatives. The site is surrounded by bustling retail and various new
residential developments, several of which are consistently achieving condo sellouts north of $1,000 per square foot.
Local neighborhood attractions include Marcus Garvey Park, Central Park, the Harlem Meer, Columbia University,
the Silberman School of Social Work at Hunter College, and the East Village Plaza. The property also enjoys easy
access to lower Manhattan and outer borough locations via the 2/3 subway train just a block away on Malcolm X
Blvd.
With its vastly convenient location, local draws and institutions, along with the combination of a robust residential
marketplace, 7 East 115th Street represents an outstanding development opportunity poised to take advantage of
neighborhood upside potential.
Block / Lot#: 1621-0007
Lot Dimensions: 135 x 100.92 feet
Lot Size: 13,624 Sq. Ft. (Approx.)
Zoning: R7-2
FAR: 4.00 or 4.6 w/ inclusionary housing (6.5 w/ Community Facility Bonus)
Buildable SF: 54,497 square feet (Approx as-of-right)
Buildable SF w/ CF Bonus: 88,557 square feet (Approx w/ CF Bonus)
ASKING PRICE: $13,000,000.00
VIEWING INFO: Please email [email protected] with 1) owner name, phone number and email address 2) business name and description 3) type of use 4) square footage required 5) specific requirements.
DISCLAIMER: All information submitted is subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice. All dimensions are approximate. For exact dimensions, please hire your own architect or engineer.
Total Rooms: 2
