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
Corner Development Site with 91,969 Buildable SF within an Opportunity Zone
Rare 43’ Wide Development / Conversion Opportunity - Delivered Vacant / Prime Greenwich Village / Union Square Location
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.
Two Adjacent Multifamily Buildings Totaling 37 Units in Sunset Park: 5416-5422 4th Avenue
5416-5422 4th Avenue is situated just one avenue from the bustling 5th Avenue retail corridor and is within walking distance of several schools and attractions. Tenants also benefit from the buildings proximity to public transportation. The 53rd Street R train station is just 1 block away, and provides access into Manhattan in less than 30 minutes.
Large Vacant Community Facility with Development Potential:
659 East 239th Street
The property is improved by two structures. The first is a church with a rectory that encompasses approximately 12,257 gross square feet, of which approximately 5,900 sq. ft. is used as a sanctuary. Both are in fair condition and present an excellent opportunity for religious and non-profit organizations seeking an expansive community facility.
33’ Wide, 16,166 BSF Development Site - Prime Location:
1600-1602 Lexington Avenue
R7-2/C1-5 zoning (FAR: 4.0 Wide-street Res., 2.0 Comm. & 6.5 Community Facility) provides approximately 9,948 buildable square feet as-of-right for a mixed-use project. A more sizeable project consisting of 16,166 square feet can be built by using the entire site as a community facility or by adding a community facility in addition to retail and residential components.