$4,950,000
Updated 2 years ago
Off Market

222-226 West 145th Street

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

11,009 Square FeetDevelopment Site

$4,950,000
floors2
Lot Size65'x99'9"
Built Size65'x100'
ZoneR7-2
Building TypeLow-Rise
RE Taxes$6,893
Price Per SF
$450

Property Description for 222-226 West 145th Street

Cushman & Wakefield has been hired on an exclusive basis to arrange for the sale of 222-226 West 145th Street. The two adjacent buildings in the aggregate make up 11,009 square feet and will be delivered vacant upon the sale of the properties. 222 West 145th is a 2-story retail building that is 6,834 square feet and 226 West 145th street is also a 2-story retail building that is 4,175 square feet. The buildings have 14,971 square feet of available air rights (as-of-right), making this investment a tremendous development opportunity. The two buildings have 65’ of frontage along West 145th Street. Given the 65’ x 99.92’ footprint, 222- 226 West 145th Street is a 25,980 (approx.) square foot as-of-right residential development site zoned R7-2, C2-4. The buildings are steps away from the historic Jackie Robinson Park & two avenues west of the 145th Street Bridge allowing for easy access to the Bronx. The property is conveniently located a few blocks away from the 145th Street B & D Train Station.

Listing History for 222-226 West 145th Street

Now
03/28/2024
POM by Andrew Berry
Cushman & Wakefield
2024

Building Details for 222-226 West 145th Street

OwnershipDevelopment Site
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1910
Floors2
Learn More About the Building

Contact Agents

Contact Agents

Andrew Berry
Cushman & Wakefield
Charlie Gravina
Cushman & Wakefield

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: 91406TH