210’ Wide, 84,768 Buildable SqFt Development Site - Opportunity Zone

$19,000,000

228-242 East 122nd Street, New York, NY 10035

For Sale

Development Mixed Use

Active

Last Updated: 05/28/2025

Existing Building Sq. Ft.: 11,319 sqft

Lot Area: 21,192 sqft

Zoning: R7A

Buildable Area: 84,768 sqft

With its 21,192 sq. ft. of lot area, 228-242 East 122nd Street is one of the largest vacant parcels in Northern Manhattan
210’ of frontage along the south side of East 122nd Street
R7A zoning provides 84,768 BSF standard and 106,172 with Universal Affordability Preference
Ideal for a large-scale residential, educational or medical facility
Unique property size makes it a potential candidate for a rezoning or variance
Eligible for Opportunity Zone tax benefits
Recent new developments: One East Harlem, The Proton Center, The Smile
Local attractions include The East River Plaza, the Hunter School of Social Work, Thomas Jefferson Park, Rao’s and Patsy’s Pizzeria
Direct connection to the 4, 5, 6 subway lines at Lexington Avenue, and the Metro-North 125th Street Station at Park Avenue
Close proximity to the future 2nd Avenue Subway which will have entrances at East 125th and East 116th Streets

	Title
	Listing Setup	View View Document

* Documents permissions are set by the listing owner, request information to access locked documents.