1725 Lexington AveNew York, NY 10029
- Land
Property Details for 1725 Lexington Ave
- Property type
- Land
Description
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.
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7932
- Longitude
- -73.9454
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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