66-70 E 129th St - Schools FOR SALE


New York, NY 10035- East Harlem
$2,950,000 USD
66-70 E 129th St, New York, NY for Sale
$2,950,000 USD
Schools - FOR SALE
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66-70 E 129th St
New York, NY 10035
East Harlem


HIGHLIGHTS

  • Residential Conversion, Development or User Opportunity.
  • Prime East Harlem location near Park Avenue and 125th Street
  • Excellent visibility in a growing commercial corridor
  • Classic brick façade with flexible interior layouts
  • Convenient access to 4, 5, 6 subway lines and Metro-North station
  • Surrounded by new residential developments and cultural landmarks

OVERVIEW

MAJOR PRICE REDUCTION CBRE is pleased to announce it has been retained to exclusively represent the sale of 66-70 East 129th Street, a vacant school building in the East Harlem submarket of Northern Manhattan. Located just west of Park Avenue, the property consists of 3 adjacent tax lots and features 8,268 square feet (Above Grade) along with 26,080 buildable square feet as-of-right, allowing flexibility an incoming investor, developer or user to reimagine this property. 66-70 East 129th Street is a well-maintained, 4 story school building with direct, level entry to the ground floor. The building features a multipurpose room on the ground floor and classrooms on the upper floors. The building also features an elevator, two stairways and bathrooms on each floor. Built 43.8’ x 50.2’ (Irregular) the building only has 2,067 square feet of lot coverage making way for 2,957 square feet of outdoor space including a large rear yard with mature trees and artificial turf. This building is move-in ready for a new school or daycare user. Boasting 51.75’ feet of frontage along a quiet, tree-lined block in East Harlem, 66-70 East 129th Street is split zoned and has 26,080 buildable square feet as-of-right for a new development. The property is excellently located in proximity to 125th Street, and benefits from easy access to the 4,5,6,2,3 & Metro north as well as the future N & Q trains upon completion of the Second Avenue subway. The property is also a short walk to a plethora of restaurants and retail in a vibrant and evolving neighborhood. This site is perfect for a residential redevelopment that will benefit from the City of Yes zoning changes.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

66-70 East 129th Street

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

ADD'L SUBTYPES

Parking Lot, Religious Facility, Shelter

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,024 SF

ZONING

R7B / M1-6/R9, EHC

APN/PARCEL ID

1753-0139,1753-0140,1753-0141

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