$875,000 $975,000
Updated 6 years ago
Off Market

68 West 128th Street

Harlem, Manhattan | Fifth Ave & Lenox Ave

Development Site

$875,000 $975,000
Lot Size17'5"x99'9"
ZoneR7-2
Building TypeVacant Lot
RE Taxes$25,832

Building Amenities

  • Elevator

Property Description for 68 West 128th Street

VACANT LAND OPPORTUNITY ? CALLING ALL DEVELOPERS Compass has been retained on an exclusive basis to arrange for the sale of 68 West 128th Street . New York, NY 10027. The property is a vacant 17.5' x 100' In the Opportunity Zone and R7-2 Zoning (3.44 FAR). This is an ideal opportunity for a developer or a private owner seeking to build the house of their dreams: a luxurious private house with ~6000 SqFt usable space. With a rising demand for single family houses and private outdoor space, 68 West 128th Street offers you a unique opportunity to create an incredible valuable property located on a quiet tree-lined block right off of 5th Avenue and Lenox Avenue shopping district where you can enjoy an abode of trendy restaurants. Enjoy a great shopping experience on the 125th Street retail boom including the All-new Whole Food Market, Bed Bath Beyond and more. Transportation: 2, 3, 4, 5, 6, A, B, C, D trains. Near Metro north and Crosstown bus to Columbia University.

Listing History for 68 West 128th Street

Now
11/05/2020
$875,000 [-$100,000] [10.3%]
Price Drop by Afsaneh Hay
Compass
09/03/2020
$975,000
Initial Price by Afsaneh Hay
Compass

Building Details for 68 West 128th Street

OwnershipDevelopment Site
Building TypeVacant Lot
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.2 miles
125 St
0.4 miles

Railroad

Harlem-125 StMetro-North Railroad
0.15 miles

Citi Bike

E 128 St & Madison Ave
0.08 miles
Lexington Ave & E 128 St
0.1 miles

Contact Agent

Contact Agent

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: 79516TH