$995,000
Updated 11 years ago
Sold

240 West 123rd Street

Harlem, Manhattan | Adam Clayton Powell Blvd & Frederick Douglass Blvd

3,500 Square FeetDevelopment Site

$995,000
Lot Size13'x100'
Built Size13'x55'
ZoneR7A
Building TypeVacant Lot
RE Taxes$10,994
Price Per SF
$284

Building Amenities

  • Elevator

Property Description for 240 West 123rd Street

Vacant Land For Sale Zoning R7B Lot Size 13.83 by 100.92 FAR 4.00 with max 5500 SF allowed. plans for 3500 SF, build up to 4 stories (basement plus three floors). 4 bedrooms , 3.5 bathrooms, double story rec room at basement, a large terrace on top floor and a 625 square foot South facing garden. Approved plans to build a single-family in place so start building immediately!

Building Details for 240 West 123rd Street

OwnershipDevelopment Site
Building TypeVacant Lot
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.23 miles
125 St
0.27 miles
116 St
0.3 miles
116 St
0.42 miles

Citi Bike

Adam Clayton Powell Blvd & W 123 St
0.07 miles
St Nicholas Ave & Manhattan Ave
0.17 miles

Contact Agent

Contact Agent

Eileen Foy
Douglas Elliman

Harlem | Manhattan

Quick Profile

The neighborhood called West Harlem by the locals is known as Manhattanville to neighborhood newcomers. The area is culturally diverse and might be considered a microcosm of the city as a whole. 

Columbia University has recently expanded into the area, which is attracting student residents from all over the world. Together with students from the City College of New York and young professionals fleeing higher prices in other neighborhoods, this influx of younger residents has brought with it more restaurants and bars on W 125th Street to serve this clientele. There are also new ventures, like a rock-climbing gym, to cater to the interests of these students and young professionals. At the same time, there are many small, family-owned shops and restaurants that have been anchors of the neighborhood for multiple generations.

The area has been through a housing upgrade, as older properties have been renovated and abandoned properties have been razed to make room for new development. There are still reasonably priced apartments available. Young professionals are finding that there is a certain cachet to living in West Harlem. It provides a convenient commute to the city and all of its amenities, while providing a sense of escape at the end of a long work day.

While rentals are popular with the student population, the young professionals are delighted to find pre-war brownstones, pre-war co-ops (including some income-capped HDFCs for lower- and middle-income buyers), and post-war condos that they can afford, although prices are rising. Some new low-rise developments, sporting virtual doormen and desired amenities, are cropping up.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 20664TH