Updated 5 days ago
Harlem, Manhattan | Saint Nicholas Ave & Adam Clayton Powell Blvd
1 Room12 Beds0.5 BathDevelopment Site

$795,000
Lot Size18'x101'
ZoneR7A
Building TypeVacant Lot
RE Taxes$15,992

Building Amenities

  • Elevator
  • Garage

Property Description

Located in the heart of South Harlem, 262 West 121st Street, is surrounded by the area's best coffee shops, retail stores and new condominium buildings. This 18 X 100 vacant lot presents the perfect development opportunity for savvy investors and developers. In an area where there is high demand for luxury condos, this is the perfect lot to develop a luxurious building. The property is located in R8A, C1-4 zoning, with a 6.02 FAR, which allows for approximately 10,938 buildable square feet. The parcel ha... Contact agent for more details.

Listing History

Now
09/20/2022
$795,000
Initial Price by Norman Horowitz
Brown Harris Stevens Residential Sales LLC
2022

Building Details

OwnershipDevelopment Site
Building TypeVacant Lot
AgePre-War
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.19 miles
125 St
0.28 miles
125 St
0.37 miles
116 St
0.38 miles

Citi Bike

Adam Clayton Powell Blvd & W 123 St
0.17 miles
Frederick Douglass Blvd & W 117 St
0.18 miles

Contact Agents

Contact Agents

Adam Horowitz
Brown Harris Stevens Residential Sales LLC
Norman Horowitz
Brown Harris Stevens Residential Sales LLC
View this property on the company's website

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: 36676TH