66 129Th StNew York, NY 10035

Property Details for 66 129Th St

Property size (Sq ft)

26,080 SF

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This exceptional East Harlem property, located at 66-70 East 129th Street, presents a unique investment opportunity. The offering encompasses three adjacent tax lots totaling 5,024 square feet, with a 4-story building featuring 8,268 square feet above grade and a significant 26,080 buildable square feet as-of-right. The well-maintained building, currently configured as a school, boasts a versatile layout including a ground-floor multipurpose room and classrooms on the upper floors. Amenities include an elevator and two stairways, with bathrooms conveniently located on each floor. The building's footprint is 43.8' x 50.2' (irregular), with only 2,067 square feet of lot coverage, leaving ample space for outdoor use, including a sizable rear yard featuring mature trees and artificial turf. The property benefits from 51.75 feet of frontage on 129th Street, offering excellent signage opportunities. Zoned R7B/M1-6/R9, EHC, this property allows for diverse redevelopment possibilities. Its prime location offers convenient access to public transportation, including the 4, 5, 6, 2, and 3 subway lines, as well as Metro-North, and is within walking distance of numerous restaurants and retail establishments. The asking price is $3,900,000, translating to $150 per buildable square foot (as-of-right) and $472 per square foot (above grade). This presents a compelling opportunity for investors and developers seeking a prime location in a rapidly evolving neighborhood. The property's air rights add further development potential, totaling 17,812 square feet.

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8076

Longitude

-73.9378

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