23 East 127th Street
New York, NY 10035
$1,650,000
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- Development Site Advisors® is pleased to announce that we have been exclusively hired to market and arrange for the sale of 23 East 127th Street, New York, NY 10035 (“The Property”).
- The Property consists of a 18.75’ x 99.92’ lot currently improved by a semi-detached, 3,572 square foot Brownstone building, which is vacant.
- The Property is located in Central Harlem, on East 127th Street in between 5th Avenue and Madison Avenue.
- The ± 1,873 SF lot, in an R7B zone offers ± 5,619 buildable Residential SF.
- This conversion opportunity allows for a 2,047 SF expansion by adding an additional floor and extending the building towards the rear.
- The property is situated on a quiet tree-lined block surrounded by newly renovated Brownstones.
- The property is in close proximity to several mass transit options, including the Harlem-125th Street Metro North Station and both the 2,3 and 4,5,6 subway lines.
- Harlem, a Manhattan cultural epicenter, continues to see steady increases in value, with rental rates above $50/SF and condo sellout values achieving over $1,000/SF.
Location Description
North side of East 127th Street between 5th and Madison Avenues
Borough/Block/Lot
Northern Manhattan / 1752 / 11
Neighborhood
Lot Size
1,873 SF
Existing SF
3,572 SF
Building Class
C5
Assessed Value
R.E. Taxes
Zoning District
Residential FAR | ZFA
3.00 | ± 5,619 SF
Facility FAR | ZFA
3.00 | ± 5,619 SF
Max ZFA with Bonuses
5,619 SF
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