228-242 East 122nd Street, NY
210’ Wide, 84,768 Buildable Sq. Ft. Development Site - Opportunity Zone
Overview
Key Highlights
- Price $19,000,000
- Wide 210'
- Buildable Sq. Ft. 84,768
- Total Lot Sq. Ft. 21,192
Investment Highlights
• With its 21,192 sq. ft. of lot area, 228-242 East 122nd Street is one of the largest vacant parcels in Northern Manhattan
• 210’ of frontage along the south side of East 122nd Street
• R7A zoning provides 84,768 BSF standard and 106,172 with Universal Affordability Preference
• Ideal for a large-scale residential, educational or medical facility
• Unique property size makes it a potential candidate for a rezoning or variance
• Eligible for Opportunity Zone tax benefits
• Recent new developments: One East Harlem, The Proton Center, The Smile
• Local attractions include The East River Plaza, the Hunter School of Social Work, Thomas Jefferson Park, Rao’s and Patsy’s Pizzeria
• Ideal for a large-scale residential, educational or medical facility
• Unique property size makes it a potential candidate for a rezoning or variance
• Eligible for Opportunity Zone tax benefits
• Recent new developments: One East Harlem, The Proton Center, The Smile
• Local attractions include The East River Plaza, the Hunter School of Social Work, Thomas Jefferson Park, Rao’s and Patsy’s Pizzeria
• Direct connection to the 4, 5, 6 subway lines at Lexington Avenue, and the Metro-North 125th Street Station at Park Avenue
• Close proximity to the future 2nd Avenue Subway which will have entrances at East 125th and East 116th Streets
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