The submarket reports are an in-depth look at the specific Investment Sales markets in Brooklyn, Bronx, Manhattan, Northern Manhattan and Queens.
We seek to provide our readers with an overview of the market activity, benchmark transactions, and pricing trends that impact each individual real estate market.
Newly Rezoned East Harlem Development Site:
203 East 109th Street
Located within 100’ of the 3rd Avenue corridor, a portion of this property was recently rezoned to R9/C2-5 (Max FAR: 9.0), making the total development potential is approximately 11,299 buildable square feet (as-of-right) for mixed-use development.
Block-Through Laurelton Development Site:
Merrick Boulevard Assemblage
The asset is a development site comprised of three contiguous lots (located at 221-06/221-26 Merrick Boulevard and 134-11 221st Street) with approximately 593 feet of frontage on Merrick Boulevard, one of the central thoroughfares in Queens.
2 Contiguous Hamilton Heights Multifamily Buildings:
624 & 630 West 139th Street
Spanning approximately 35,320 combined gross square feet, these walk-up buildings contain 42 spacious residential units. R8 zoning provides investors the opportunity to capitalize on an additional 24,832 gross square feet of air rights for future development.