For Sale
$3,500,000

410 115Th St New York, NY 10029

21-Unit Residential Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional East Harlem development site, located at 410 East 115th Street, New York, NY 10029, presents a unique investment opportunity. The 3,785 square foot lot is zoned R7B (with a small portion zoned R7-X/C1-5), allowing for the construction of a 21-unit residential building. Approved architectural plans are in place for a 20,813 buildable square foot condominium development, encompassing 12,343 square feet on the primary lot and an additional 11,859 square feet transferred from an adjacent lot. The property's prime location offers convenient access to public transportation, with the 4, 5, and 6 subway lines within a short walk. Residents will enjoy proximity to numerous amenities, including Jefferson Park, the East River Plaza shopping mall (featuring Costco and Aldi), and vibrant retail corridors along 1st and 2nd Avenues. This development site offers a compelling blend of location, approved plans, and zoning potential, making it an ideal investment for experienced developers seeking a high-return project in a rapidly growing neighborhood. The asking price for this remarkable opportunity is $3,500,000.

Highlights

  • 21-unit apartment development opportunity (12,343 ZSF + 11,859 ZSF transferred from adjacent lot), with approved architectural plans.
  • Approved plans for a 20,813 BSF condominium development.
  • R7B zoning (with minor R7-X/C1-5 zoning).
  • 9-minute walk to 4/6 subway lines (E 116th St), 10-minute walk to 5 subway line (E 125th St).
  • Located on a quiet, tree-lined block, one block from East River Plaza (Costco, Aldi, etc.).
  • One block from Jefferson Park, East River waterfront access, Manhattan Center for Science and Mathematics, and extensive retail along 1st and 2nd Avenues.

Property Details for 410 115Th St

Property type
Land

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7950955812
Longitude
-73.935336167457

FAQs

What type of property is this?
Land - 21-Unit Residential Opportunity
Where is the land located?
The property is located at 410 115Th St New York, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 21-unit apartment development opportunity (12,343 ZSF + 11,859 ZSF transferred from adjacent lot), with approved architectural plans.; Approved plans for a 20,813 BSF condominium development.; R7B zoning (with minor R7-X/C1-5 zoning).
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.
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410 115Th St
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