FOR SALE OR GROUND LEASE
Prime Opportunity Zone Development Site with 154,729 BSF | Close Proximity to Columbia’s Manhattanville Campus, Transportation, and Harlem’s Factory District
The New York City multifamily market continues to experience low transaction and dollar volume as a result of the Housing Stability and Tenant Protection Act of 2019 and the ongoing Covid-19 pandemic. The good news is that New York City is coming back with tailwinds that include lower vacancy rates, fewer rental concessions, better collections, and significantly higher price discovery in the multifamily sector.
19.33’ Wide East Village Development Site: 534 East 5th Street
534 East 5th Street is ideally located in one of Manhattan’s most highly sought after residential neighborhoods. Residents flock to the East Village because of its proximity to both the Midtown and Downtown office districts, an abundance of transportation options, and its vibrant entertainment & cultural amenities.
Renovated 6 Family in Crown Heights: 1573 Lincoln Place
The building stands 3 stories tall and encompasses approximately 6,600 gross square feet with a frontage of 25’ and 80’ deep. The lot is 25’ wide and 110’ deep which provides for a 750 SF back yard. Of the 6 units, 3 were recently gut renovated and basement is clean and and the building systems were upgraded.
30’ Wide Prime Residential Development Opportunity: 132 West 134th Street
132 West 134th Street is in close proximity to many major institutions, such as Columbia University, City College of New York, and NYC Health + Hospitals/ Harlem. Residents of the neighborhood can enjoy greenspace at St. Nicholas Park, Colonel Charles Young Playground, and the Home Grown urban garden.