152 East 124th Street, NY
East Harlem Development Opportunity with No MIH Requirement
Overview
Key Highlights
- Price $1,300,000
- $/BSF $144
- Zoning R7D / C2-5 / EHC
- Buildable SF 9,043
Investment Highlights
• 2,153 SF vacant lot located in prime East Harlem
• Situated in R7D/EHC/C2-5 zoning, allowing for 9,000+ SF of mixed-use development
• No MIH Requirement
• Nearby new construction rentals achieving rents in the mid-$60/sf range
• Nearby new construction condos achieving approximately $1,000/sf
• One block from the 4/5/6 trains and two blocks from the Metro North at the Harlem - 125 St station
• Proximity to the bustling 125th Street retail corridor, Marcus Garvey Park, and Randall’s Island
• Easy access to The Bronx, Queens and Long Island by RFK Bridge
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