Albert Rabizadeh - Commercial Real Estate Showcase

Albert Rabizadeh Property Listings
Albert & Joseph Rabizadeh
122 E 42nd St
Suite 1015
New York, NY 10168-1519
(212) 682-2048

121 - 123 W 138th Street

New York, NY 10030 - Harlem/North Manhattan Submarket

Property Type:Land Parcel Size:.12 Acres
For Sale Price:$4,300,000 Price/Acre:$36,043,588 Price/SF:$827.56

Proposed Use:-

On-Site Improv:-

Sale Notes:
Ariel Property Advisors presents 121-123 West 138th Street, a development site with 52’ of frontage located on the north side of West 138th Street between Adam Clayton Powell Boulevard and Lenox Avenue. Zoned R7-2 with a 3.44 FAR (As-of-right) and 6.5 FAR (CF Bonus). The offering consists of 2 adjacent 26’ wide lots. Lot 16 (121 West 138th Street) s currently encumbered by a community facility deed restriction and allows for approximately 16,886 sq. ft for CF use. Lot 17 (123 West 138th Street) has no encumbrance and allows for approximately 8,937 sq. ft. (As-of right) or another 16,886 sq. ft for CF use.

Situated just three blocks north of the 2 and 3 subway lines at 135th and Lenox Avenue, future residents will enjoy easy access to downtown and outer borough locations. Future residents will also benefit from their close proximity to the bustling 125th Street Corridor and nearby retail developments including the newly redeveloped Corn Exchange, The Taystee Building, Victoria Theatre, and the highly anticipated shopping center at the corner of 125th and Lenox, whose tenant will include American Eagle Outfitters, Burlington Coat Factory, and Whole Foods. The property also sits just one block west of historic Striver’s Row, which is widely considered one of the most desirable blocks in Harlem. Other local institutions and attractions include St. Nicholas Park, Jackie Robinson Park, Columbia University, City College of New York, and the newly modernized Harlem Hospital.

Notable residential developments nearby include Uptown 58 (58 West 129th St), Saint Anne’s Court (48 West 138th Street), and the Marshall (222 West 135th Street). With its highly convenient location combined with the neighborhood’s robust residential marketplace for new construction, 121-123 West 138th Street represents an outstanding development opportunity in prime Central Harlem.

Albert & Joseph Rabizadeh
Albert Rabizadeh
(212) 682-2048

Prime Realty
Rita Mahgerefteh
(718) 229-2922

Ariel Property Advisors
Josh Berkowitz
(212) 544-9500 x41

Matthew L Gillis
(212) 544-9500 x42

Joshua Kwilecki
(646) 516-5137

Victor Sozio
(212) 544-9500 x12

Michael A Tortorici
(212) 544-9500 x13

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