$1,975,000
Updated 2 years ago
Sold

264 West 135th Street

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

1,595 Square FeetDevelopment Site

$1,975,000
floors / apts1 / 1
ZoneR7-2
Building TypeLow-Rise
RE Taxes$7,368
Price Per SF
$1,238

Building Amenities

  • Video Intercom
  • Elevator

Property Description for 264 West 135th Street

Discover a rare and exceptional development opportunity in the heart of Harlem at 262-264 West 135th Street. This unique property, currently a vacant building, is situated on a substantial lot of 2,898 square feet with dimensions of 29 by 99.92 feet, presenting an unparalleled canvas for visionary developers. The property boasts mixed-use zoning (R7-2, C1-4), offering a diverse range of development possibilities. The flexible zoning accommodates both residential and commercial uses, allowing for the creation of a dynamic and multifaceted development. With a residential Floor Area Ratio (FAR) of 3.44, there is potential to construct up to 9,900 square feet of residential space. Additionally, the facility FAR of 6.5 further enhances the opportunity, permitting an expansive development of up to 18,837 square feet, ideal for a combination of residential, commercial, and community spaces. Located in a prime area of New York City, the property ensures excellent connectivity with easy access to cross-town buses and the 2/3 and B/C subway lines. Its proximity to St. Nicholas Park, various successful condominium developments, and convenient public parking options add to its appeal, making it an attractive location for both residents and businesses. This property is not merely a building; it is an opportunity to create a mixed-use masterpiece in a neighborhood brimming with life and potential. Whether envisioning upscale apartments, bustling retail spaces, or essential community facilities, this property offers the flexibility and scope to bring ambitious projects to fruition. This is a chance to invest in and shape the future of West 135th Street, a vibrant area synonymous with growth and opportunity. Seize this moment to make a lasting impact on one of New York City's most dynamic neighborhoods.

Listing History for 264 West 135th Street

Now
12/19/2024
$1,975,000
Sold and Closed by Nigel Pearce
Compass
10/03/2024
Contract Signed by Nigel Pearce
Compass

Building Details for 264 West 135th Street

OwnershipDevelopment Site
Building TypeLow-Rise
Service LevelVideo Intercom
AgePre-War
AccessElevator
Year Built1910
Floors/Apts1/1
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.16 miles
135 St
0.29 miles
125 St
0.48 miles

Citi Bike

St Nicholas Ave & W 134 St
0.13 miles
Adam Clayton Powell Blvd & W 132 St
0.17 miles

Contact Agents

Contact Agents

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: 93877TH