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2123 First Avenue | Ground Up Development Site

$1,900,000

2123 1st Avenue, New York, NY 10029

Active
Last Updated: 10/26/2026

1,875 sqft

Lot Area

R8 / C2-5

Zoning

Details:
Lot Area:    1,875 sqft
Zoning:    R8 / C2-5
Highlights:
  • Prime 1,875 SF Ground-Up Development Site
  • R8/C2-5 Mixed-Use Zoning
  • Up to 13,500 Buildable SF
  • Opportunity Zone & FRESH Zone Benefits
  • Multiple Residential Development Scenarios
  • Near Planned Second Avenue Subway Expansion
Description:

2123 First Avenue presents a compelling ground-up development opportunity in Manhattan’s East Harlem neighborhood. Situated between East 109th and East 110th Streets, the vacant 1,875 SF lot offers 25 feet of frontage along First Avenue and is zoned R8/C2-5, allowing for a variety of potential mixed-use residential and commercial development scenarios.

The property benefits from its designation within an Opportunity Zone, Greater Transit Zone, and FRESH Zone, offering potential development incentives and flexibility. The site’s proximity to the planned Second Avenue Subway expansion, neighborhood revitalization projects, and ongoing residential investment further supports its long-term potential. With approximately 11,250 to 13,500 buildable SF contemplated under the development scenarios, 2123 First Avenue represents an opportunity to establish a new mixed-use asset in one of Manhattan’s evolving residential markets.

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Offering Memorandum
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