60-62 W 116th St - Residential LAND FOR SALE


New York, NY 10026- Central Harlem | 10,093 SF
$9,500,000 USD
60-62 W 116th St, New York, NY for Sale
$9,500,000 USD
Residential LAND - FOR SALE
1/6
10,093 SF

60-62 W 116th St
New York, NY 10026
Central Harlem


HIGHLIGHTS

  • Block-through development opportunity in Central Harlem with rare frontage and scale.
  • The property sits on a 10,091-square-foot lot with an existing one-story building totaling approximately 8,245 square feet.
  • Approximately 50,455 buildable SF as-of-right and up to 60,546 buildable SF under the UAP program.
  • The building contains two commercial units, offering a clear redevelopment or repositioning path.
  • The property will be delivered vacant, enabling immediate execution of a new development plan.

OVERVIEW

Asset CRG Advisors, LLC, has been exclusively retained to market 62 W 116th St, a rare block-through development opportunity in Central Harlem. Situated on a 10,091-square-foot lot, the property features an existing one-story building totaling approximately 8,245 square feet. The building currently houses two commercial units, offering a clear path for redevelopment or repositioning. Zoned C4-5X / R7X equivalent, the site allows for approximately 50,455 buildable square feet as-of-right, with the potential to reach up to 60,546 buildable square feet under the UAP program. The property will be delivered vacant, enabling immediate execution of a new development plan, making it an ideal opportunity for developers and investors seeking frontage, scale, and flexibility in a prime Central Harlem location.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/ACRE

$41,008,905/AC

PRICE/SF

$941 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

62 W 116th St

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Apartment Units - Subsdzd, Hotel

LAND ACRES

0.23 AC

LAND SF

10,091 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C4-5X

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info

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Sadya LiberowAsset CRG Advisors LLCMore Info

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