212-544-9500
, New York, NY for Sale
FOR SALE
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3rd Avenue Development Assemblage
New York, NY
East Harlem


HIGHLIGHTS

  • Full block-front assemblage with prominent Third Avenue and East 124th Street frontage.
  • Zoning supports up to 194,162 buildable square feet under the UAP/MIH scenario.
  • Approximately 22,270 square feet of contiguous lot area assembled for development.
  • Located within a federally designated Opportunity Zone.
  • Adjacent to the planned 125th Street transit expansion and major transit connections.
  • Surrounded by major institutional, life science, and mixed-use development activity.

OVERVIEW

Commanding Footprint: Expansive blockfront visibility along the highly traveled Third Avenue corridor, paired with highly coveted corner exposure on East 124th Street Massive Manhattan Scale: Major, institutional-sized project delivering 194,162 buildable square feet of mixed-use potential High-Density Zoning Advantage: Premium C4-6 / EHC zoning allows for an exceptional commercial and residential equivalent of up to a 10.00 FAR Expansive Lot Area: Offers a rare, substantial footprint of approximately 22,270 square feet of contiguous lot area, providing developers with the critical mass and layout flexibility needed for an efficient building footprint and optimal construction staging Qualified Opportunity Zone Benefits: Situated entirely within a federal Opportunity Zone, unlocking massive structural tax shelters, capital gains deferrals, and tax-free appreciation benefits Unbeatable Transit-Oriented Location: Adjacent to the MTA 125th Street expansion station connecting the existing 125th station on Lexington with the future 2nd Avenue Subway Robust Retail & Institutional Demand: Strategically located near major economic engines like the New York Proton Center biotech hub and Columbia's Manhattanville expansion Over 1.5M sqft of mixed-use development slated for the immediate vicinity.

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Victor SozioAriel Property AdvisorsMore Info
212-544-9500

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Victor SozioAriel Property AdvisorsMore Info
212-544-9500

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