Strategic Realty Partners presents 228-246 East 122nd Street, a premier 21,243-square-foot land assemblage featuring 210 feet of frontage and 106,426 buildable square feet, as of right under R7A zoning
This Opportunity Zone-designated site offers significant tax advantages for qualified investments, making it an ideal location for residential or mixed-use development. The property will be delivered vacant, allowing for the immediate construction of up to 156 residential units across two 11-story, contextually designed buildings. Positioned in East Harlem’s booming Second Avenue Subway Phase 2 corridor, the site offers a rare combination of scale, visibility, and flexibility for developers seeking a transformative urban project.
The assemblage sits in a highly connected and amenity-rich location. Just three blocks from the 125th Street-Lexington Avenue transit hub (4/5/6 lines, Metro-North, and future Q line), the property provides unparalleled transit access. Major thoroughfares and local bus lines, including M60-SBS, M101, M103, and M125. The site is surrounded by cultural, retail, and dining destinations, including El Museo del Barrio, Apollo Theater, Rao’s, Patsy’s Pizzeria, and the East River Plaza shopping center. Nearby developments such as 1800 Park Avenue, One East Harlem, The Smile, and The LABS on 121 underscore the corridor’s emergence as Manhattan’s next frontier for growth and investment.
East Harlem has become a magnet for new jobs, development, and renter demand. Over 83% of households are renter-occupied, with more than 600,000 residents within a 2-mile radius, creating a strong, reliable market for residential development. The area benefits from access to parks like Marcus Garvey Park, Thomas Jefferson Park, and Central Park, as well as educational institutions such as Hunter School of Social Work. With ongoing large-scale projects and institutional growth, this site offers a rare opportunity to capitalize on Manhattan’s expanding urban core. 228-246 East 122nd Street represents a transformative development opportunity where scale, connectivity, and market demand converge to create long-term value.
Block/Lot: 1786 / 31, 32, 33, 133, 34, 35, 36, 37
Lot Dimensions: 209.99' x 100.92'
Lot Sq. Ft.: 21,243
Existing Building: 11,319 SF
Cross Streets: 122nd St. between 2nd & 3rd Avenue
Zoning: R7A
FAR: 5.01
Buildable Sq. Ft.: 106,426
Maximum Unit Count: 156
Real Estate Taxes (25/26): $209,456
Anthony Gagliano
Strategic Realty Partners
