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
• 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

Location

Our Team

Michael Tortorici

Michael Tortorici

Founding Partner
Ariel Property Advisors
Alexander Taic

Alexander Taic

Shimon Shkury

Shimon Shkury

President and Founder
Ariel Property Advisors
Victor Sozio

Victor Sozio

Founding Partner
Ariel Property Advisors

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