1941-1943 Madison Ave - Storefront Retail/Residential FOR SALE


New York, NY 10035- East Harlem
$21,000,000 USD
347-935-7382
1941-1943 Madison Ave, New York, NY for Sale
$21,000,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | 4.76% Cap Rate

1941-1943 Madison Ave
New York, NY 10035
East Harlem


HIGHLIGHTS

  • Corner Property
  • Additional 110,836 Sq Ft

OVERVIEW

**Prime Development Site | ±135,335 Buildable SF | FAR 6.02 | Harlem, Manhattan** Exceptional opportunity to acquire a prime development site located at 1941–1943 Madison Avenue in the heart of Harlem. This offering includes valuable buildable air rights, delivering a total allowable FAR of 6.02 and approximately **46,992 buildable square feet** for residential use. The site presents an ideal canvas for developers seeking to capitalize on the continued growth and strong demand in Upper Manhattan. Suitable for a large-scale residential development, including rental or condominium projects, with the potential for mixed-use components (subject to zoning and approvals). Strategically positioned along Madison Avenue, the property benefits from excellent connectivity, proximity to multiple subway lines, and easy access to major thoroughfares. The surrounding neighborhood features a dynamic mix of new developments, established residential buildings, retail corridors, and cultural institutions, supporting long-term value and absorption. **Key Highlights:** * Allowable FAR: 6.02 * Buildable Residential SF: ±46,992 * Prime Harlem location with strong development momentum * Ideal for residential or mixed-use development (as-of-right potential to be verified) * Close proximity to transportation, shopping, dining, and community amenities Rarely does a development site of this scale and buildable potential become available in such a rapidly appreciating Manhattan submarket.

FOR SALE DETAILS

PRICE

$21,000,000 USD

PRICE/SF

$857 USD /SF

CAP RATE

4.76%

% LEASED

100%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

C4-4D

APN/PARCEL ID

1749-0050

ASK ABOUT THIS PROPERTY

Vasilis PyrposAstoria RealtyMore Info
347-935-7382

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Vasilis PyrposAstoria RealtyMore Info
347-935-7382

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.