172 122Nd St New York, NY 10035

This exceptional 3,852 sq ft development site in East Harlem, zoned R7B, presents a compelling investment opportunity. Approved plans exist for a 7-story residential building encompassing 15 units and 8 parking spaces, with a total allowable buildable square footage of 11,556 sq ft. The property is "shovel ready," with access agreements already in place, and benefits from eligibility for the 421-A tax abatement. Detailed approved plans and due diligence documents are available upon request. Situated in an opportunity zone, this location offers convenient access to public transportation (0.2 miles from the 125th St [4,5,6] subway station), schools (Harlem Village Academies within an 8-minute walk), and numerous amenities including nearby parks, supermarkets (Foodtown, Food Bazaar), hospitals (North General Hospital), and various restaurants and shops. The property's prime location between Lexington and 3rd Avenues, and its proximity to major transportation arteries, ensures strong potential for appreciation. This is a truly exceptional opportunity for developers seeking a high-return investment in a rapidly developing area of Manhattan.