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1908 Park Ave., New York, NY 10037

$35,000,000
Listing Details:
$35,000,000 Price
Townhouse Property Type
East Harlem Neighborhood
-- Beds
0 Baths
-- Approx. Sq. Ft.
$2,375 RET
Key Features:
Elevator
Description:

Take advantage of the East Harlem rezoning!East Harlem Development Opportunity. Corner Site Totaling ~ 86,930 BSF1908-1914 Park Avenue, a 99 X 106 corner lot currently configured as a 21,183 SF garage on a 10,658 SF lot. The property can be provided vacant. This property is uniquely positioned to take advantage of the East Harlem rezoning passed in 2017 that has already seen significant projects like Blumenfeld Development Group and Architect Bjarke Ingels 233 rental units break ground on 126th Street. The property is located in the rapidly growing East Harlem corridor on the southwest corner of 130th Street and Park Avenue. The property is Located 7 blocks from Whole Foods, and a short distance from Starbucks, Chase Bank, Duane Reade, and Red Rooster. The location is within 6 blocks from the 4,5,6 trains. The M1-6 R9 & R7B zoning designation allows for a total of 77,138 buildable SF as of right, or a maximum potential of 86,930 BSF through the Inclusionary Housing Bonus Program. The new potential building can take advantage of an estimated 10,658 SF of corner commercial space with ~100 ft of frontage on Park Avenue.East Harlems cornucopia of food, culture and lively street life reflects its history. From the exclusive Raos Restaurant, founded in 1896, and Patsys Pizzeria, established in 1933 in part of Old Little Italy, to modern-day bodegas, shopping and dining in this neighborhood continue to evolve. On the artsy side of East Harlem, provocative murals by celebrated artist James De La Vega some commissioned, some not dot the neighborhood and the living legacy of Salsa greats continues at venues such as Creole, a jazz/supper club, and Orbit, a bar/restaurant that hosts open mic nights in its jazz and cabaret schedule. Additional hotspots include Red Rooster-the famed restaurant by Andrew Chapman and Marcus Samuelsson serving world renowned cuisine and live music, Sylivas- dubbed the queen of soul food, founded in 1962 serves authentic soul food and its ever popular brunch, and Corner Social- offering American cuisine, delicious cocktails, and an array of craft beers. East Harlem residents also enjoy the shopping at East River Plaza on 116th Street off the FDR Drive. If you want to stock your home and wardrobe, there are big box retailers such as Target, Old Navy, and Manhattans first Costco. A Metro-North Railroad Station at 125th Street with a 4-5-6 Lexington Avenue subway stop and easy access to the FDR Drive make commutes to both Long Island and Westchester a possibility.

Listing courtesy of The Corcoran Group

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