For Sale
Request a price

1725 Lexington Ave New York, NY 10029

Prime East Harlem land, 7,313 sq ft

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 7,313.37 square foot development site at 1725 Lexington Avenue in New York City's vibrant East Harlem presents a unique opportunity. Located in New York County, zip code 10029, this property boasts a C1-5/R7D & R7A zoning designation, offering flexibility for various development projects. The substantial lot size allows for significant buildable square footage. Under current zoning, a maximum floor area ratio (FAR) of 4.2 is permitted for market-rate development, potentially yielding up to 40,648 square feet. Furthermore, the inclusion of affordable housing units could increase the FAR to 5.5, resulting in a potential buildable area of up to 42,361.31 square feet. This prime location provides developers with the chance to create a residential, community facility, commercial, or mixed-use development in a thriving neighborhood. The property's potential is further enhanced by the City of Yes housing initiative. This site is ideal for developers seeking a substantial project in a rapidly growing area of Manhattan. The address is 1725 Lexington Ave, New York, NY 10029.

Highlights

  • 7,313.37 SF development site at 1725 Lexington Ave, New York, NY 10029.
  • C1-5/R7D & R7A zoning allows for flexible development.
  • 4.2 FAR (market-rate) yields up to 40,648 buildable SF; 5.5 FAR (with affordable housing) yields up to 42,361 SF.
  • Prime East Harlem location in a rapidly growing area.

Property Details for 1725 Lexington Ave

Property type
Land

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7932222
Longitude
-73.9453488

FAQs

What type of property is this?
Land - Prime East Harlem land, 7,313 sq ft
Where is the land located?
The property is located at 1725 Lexington Ave New York, NY.
What are key features of this property?
This property features: 7,313.37 SF development site at 1725 Lexington Ave, New York, NY 10029.; C1-5/R7D & R7A zoning allows for flexible development.; 4.2 FAR (market-rate) yields up to 40,648 buildable SF; 5.5 FAR (with affordable housing) yields up to 42,361 SF.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1725 Lexington Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message