245 E 123rd St
New York, NY 10035 East Harlem

Prime Development Opportunity in East Harlem – 8,175 SF Buildable Lot
For Sale by Owner – Asking Price: $1.3M

This strategically located lot in East Harlem offers 8,175 buildable square feet, ideally positioned near local shops, amenities, and public transportation. A rare opportunity for developers or investors seeking to capitalize on a growing neighborhood.

Zoning: R7B – Contextual Residential District
This lot falls within an R7B zoning district, which encourages mid-rise residential development under the Quality Housing Program. Key zoning features include:

FAR (Floor Area Ratio): 3.0
Building Height: Base height must range between 40 and 60 feet before setback; maximum height is 75 feet
Building Type: Typically supports six- to seven-story apartment buildings
Street Wall Requirements:
For lots up to 50 feet wide: front wall must align with one adjacent building and not extend beyond the other
For lots 50 feet or wider: front wall must not be closer to the street than adjacent buildings
Maximum front wall setback: 15 feet
Curb Cuts: Prohibited on frontages less than 40 feet to preserve streetscape
Parking Requirements:
Off-street parking not permitted in front of the building
Parking required for 50% of residential units
Amenities: Interior amenities for residents are required under the Quality Housing Program
This zoning framework allows for a balanced blend of density and neighborhood character, making it ideal for residential development.