228-242 East 122nd Street, NY

210’ Wide, 84,768 Buildable Sq. Ft. Development Site - Opportunity Zone

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Overview

Key Highlights

  • Price Price: Please Inquire
  • Wide 210'
  • Buildable Sq. Ft. 84,768
  • Total Lot Sq. Ft. 21,192

Investment Highlights

• One of the largest vacant parcels in Northern Manhattan

• 210’ of frontage along the south side of East 122nd Street
• R7A zoning, 84,768 buildable square feet (as-of-right)
• 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

Location

Our Team

Michael Tortorici

Michael Tortorici

Founding Partner
Ariel Property Advisors
212.544.9500 Ext. 13
Alexander Taic

Alexander Taic

Ariel Property Advisors
212.544.9500 Ext. 44
Shimon Shkury

Shimon Shkury

President and Founder
Ariel Property Advisors
212.544.9500 Ext. 11
Victor Sozio

Victor Sozio

Founding Partner
Ariel Property Advisors
212.544.9500 Ext. 12

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