East Harlem Development Site | Up to 10,959 BSF | Steps to Central Park

Highlights:

• ​2,188 SF midblock lot (25' x 87.5')
• ​8,750 BSF as-of-right (4.0 FAR)
• 10,959 BSF (5.01 FAR) by including permanently affordable housing under the Universal Affordability Preference (UAP)
• ​Delivered vacant: build-ready development site on Madison Avenue, all utilities available at the street
• ​Attractive basis: $171 / BSF as-of-right; $137 / UAP BSF
• ​R7-2 / C1-5 zoning permits residential over ground-floor retail (mixed-use)
• ​98 Walk Score & perfect 100 Transit Score: 6 train at 110th St, 2/3 at Central Park North, M1–M4 & M106 buses; 4/5 express & Metro-North at 125th St; Proposed Second Avenue Subway extension at 106th St
• ​Frontage: 25 feet on Madison Avenue
• ​Location: Steps to Central Park, the Conservatory Garden and Museum Mile

Description:

1620 Madison Avenue is a rare, delivered-vacant development site in the heart of East Harlem - a blank canvas for developers seeking new residential or mixed-use construction in one of Manhattan's most supply-constrained submarkets.​

The 2,188 SF lot (25' x 87.5') is zoned R7-2 / C1-5, allowing 8,750 BSF as-of-right and up to 10,959 BSF by incorporating permanently affordable housing under the Universal Affordability Preference.​ The C1-5 overlay permits ground-floor retail beneath residential units.​ At $1,500,000 - just $171/BSF, or $137/BSF at full density - the basis is compelling for new Manhattan development.​

The location is unmatched: steps from Central Park and Museum Mile, with the 6 train at 110th Street, the 2/3 at Central Park North, and express 4/5 and Metro-North service minutes away at 125th Street.​ The M1-M4 buses run along Madison Avenue, with M106 crosstown service nearby, and the proposed Second Avenue Subway (Q) extension at 106th Street is within walking distance.​ A 98 Walk Score and perfect 100 Transit Score underscore the appeal.​

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