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Opportunity Zone Development Site 19,184 BSF | Close Proximity to Columbia’s Manhattanville Campus, Transportation, and

$3,250,000

521 West 134th Street, New York, NY 10031

Pending
Last Updated: 05/27/2021

Mixed Use

Development Type

19,184 sqft

Building Size

Details:
Development Type:    Mixed Use
Building Size:    19,184 sqft
Lot Area:    4,796 sqft
Zoning:    R7A
Highlights:
  • Across the street from Columbia’s Manhttanville campus expansion
  • One Block from Fairway and Ctown supermarkets
  • Close proximity to the 1 and A/B/C subway trains (20-25 minutes to Times Square)
  • Close proximity to the Henry Hudson Parkway
Description:

Ariel Property Advisors is pleased to present 521 West 134th Street, a prime West Harlem development opportunity situated on the northside of West 134th Street, between Amsterdam Avenue and Broadway. This site is situated in a rare Manhattan Opportunity Zone and benefits tremendously from it’s close proximity to City College, Columbia’s Manhattanville Campus, the transformative Harlem Factory District, and the famous 125th Street thoroughfare. The site measures 48’ x 99.92’ with R7-A (4.00 FAR) zoning providing approximately 19,184 BSF, offering a unique opportunity for residential development in one of West Harlem’s most vibrant areas.

Additionally, the property has convenient proximity to numerous neighborhood draws including, but not limited to, The Studio Museum, Starbucks, National Jazz Museum, CTown Supermarkets, River Bank State Park, and the 125th Street retail corridor.

Notable nearby residential developments in the vicinity include a 23,000 square foot eight-story building on West 136th Street and filed permits for a 14-unit building at 463 West 125th Street. Earlier this year, the Olnick Organization received preliminary approval from City Planning for the expansion of Lennox Terrace Housing, which could potentially deliver five new towers and 1,600 new units to the area.

Convenient access to downtown Manhattan and outer-borough locations is provided by the 1 subway train station on West 137th street and the A/B/C subway trains located at West 135th Street. Offering accessibility, scale, and prime location in a rapidly appreciating area of West Harlem, 521 West 134th Street represents an outstanding Northern Manhattan development opportunity.

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