7 115Th StNew York, NY 10029

Property Details for 7 115Th St

Property type

Land

Description

This exceptional 13,624-square-foot development site, located at 7 East 115th Street in East Harlem, New York, presents a compelling investment opportunity. Zoned R7-2, this property allows for substantial residential development. As-of-right, approximately 54,497 buildable square feet are permitted, with the potential to increase to approximately 88,557 square feet utilizing a Community Facility bonus. The lot, measuring 135 feet wide by 100.92 feet deep (approximately), is situated on the north side of East 115th Street, between 5th and Madison Avenues. The property includes an existing assumable mortgage of $6,500,000. Note that an easement exists requiring nineteen parking spaces at a separate address (1760 Madison Avenue)

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8

Longitude

-73.9462

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