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60-62 W 116th St
New York, NY 10026 Central Harlem

$10,500,000 USD

Land For Sale  •  0.19 AC

Property Details

  • Property Type Land
  • Lot Size 0.19 AC
  • Zoning C4-5X
100 Transit Score
97 Walk Score

Description 

• Block-through development opportunity in Central Harlem with rare frontage and scale.
• Surrounded by multiple new developments on the block, the property sits on a 10,091-square-foot lot with an existing one-story building totaling approximately 8,245 square feet.
• Zoned C4-5X/R7X equivalent, allowing for approximately 50,455 buildable SF as-of-right and up to 60,546 buildable SF under the UAP program.
•The building contains two commercial units, offering a clear redevelopment or repositioning path.
• The property will be delivered vacant, enabling immediate execution of a new development plan.
• Approximately a 7-minute walk to Central Park and a 3- minute walk to the 116th Street station (2 & 3 lines), providing direct access to Midtown, Downtown, and the Bronx.

Highlights

Block-through development opportunity in Central Harlem with rare frontage and scale.
The property sits on a 10,091-square-foot lot with an existing one-story building totaling approximately 8,245 square feet.
Approximately 50,455 buildable SF as-of-right and up to 60,546 buildable SF under the UAP program.
The building contains two commercial units, offering a clear redevelopment or repositioning path.
The property will be delivered vacant, enabling immediate execution of a new development plan.

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 15 min 0.8 mi
Yankees-E 153rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 6 min - 2.5 mi
Transit/SubwayDriveWalkDistance
116 Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 0 min 1 min 0.0 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 6 min 0.3 mi
116 Street (A,B,C Line) (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 1 min 8 min 0.4 mi
116 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 9 min 0.4 mi
110 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 3 min 14 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 15 min - 6.8 mi
John F Kennedy International 28 min - 18.0 mi
Newark Liberty International 31 min - 18.2 mi
Sadya Liberow 646-363-6175 Asset CRG Advisors LLC
Sadya Liberow 646-363-6175 Asset CRG Advisors LLC