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1620 Madison Ave
New York, NY 10029 East Harlem

$1,500,000 USD

Land For Sale  •  0.05 AC

Property Details

  • Property Type Land
  • Lot Size 0.05 AC
  • Zoning R7-2 / C1-5 (New York)
100 Transit Score
100 Walk Score

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 a short walk away. 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.

Highlights

2,188 SF midblock lot (25' x 87.5'); 8,750 BSF as-of-right (4.0 FAR); 10,959 UAP BSF (5.01 FAR)
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
98 Walk Score & perfect 100 Transit Score
Location: Steps to Central Park, the Conservatory Garden and Museum Mile
R7-2 / C1-5 zoning permits residential over ground-floor retail (mixed-use)

Public Transportation

Commuter RailDriveWalkDistance
Harlem-125Th Street Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 3 min 18 min 1.0 mi
Yankees-E 153Rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 7 min - 2.5 mi
Transit/SubwayDriveWalkDistance
110 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 5 min 0.3 mi
Central Park North (110 Street) (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
103 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
116 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
116 Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
LaGuardia 15 min - 6.9 mi
Newark Liberty International 30 min - 17.8 mi
John F Kennedy International 28 min - 18.1 mi
David Adler 917-963-0289 Bluestone Point LLC
David Adler 917-963-0289 Bluestone Point LLC