Overview

Highlights

• Rare 75’ x 100’ parcel on the south side of West 126th Street between Lenox and 5th Avenues
• R6A zoning provides approximately 22,482 BSF, as-of-right
• The property currently consists of a 25’ wide parking lot and 3 small buildings that will be delivered vacant
• Ideal opportunity for condominium development
• Direct connections to the 2, 3 subway lines at West 125th Street and Lenox Avenue, and the Metro-North 125th Street station at Park Avenue
• Several condominium sales in the immediate area recently achieved prices north of $1,250 per square foot
• Ownership requests proposals from developers and potential partners to purchase outright AND, in the alternate, to buy a buyback a community facility and residential unit condominium in the new project (though either type of proposal is welcome)
• For buyback proposals, Ownership requests a 5,000 sq. ft. community facility (which can be allocated above and/or below grade) and a 825 sq. ft. residential unit

Documents

---