Commercial Land
217 West 123rd Street New York, NY 10027
Details & Description
Price: $2,200,000
    421A approved development site situated in Harlem, Manhattan. The property is shovel-ready and has approved plans for a six story elevator building consisting of 12 units. There are access agreements in place with both neighbors. The total buildable square footage of 10,092 SF. Plans are available upon request and parking requirements are waived for this zoning.This development property represents a compelling investment opportunity. Harlem, celebrated for its historic charm, cultural vibrancy, and strategic proximity to downtown Brooklyn and Manhattan, emerges as an appealing choice for astute investors. Appreciation Potential: Presenting a strategically positioned development site in the heart of Harlem, this project offers a unique investment opportunity in the flourishing real estate market. With approved plans for a six-story, twelve-unit building, this distinct property redefines urban living, providing premium spaces for families and individuals alike. Designed for optimal functionality and innovation, capitalize on the burgeoning potential of Harlem's multifamily real estate market with this visionary project. Excellent Connectivity: Nestled in Harlem, this property provide seamless connectivity to subway access, streamlining residents' journeys to Manhattan. Transportation options include the nearby 125 St [2,3] Subway Station- within 0.21 miles) and the 116th St [B,C] Subway station just 0.37 miles away. Proximity to Amenities: Enjoy unmatched convenience at this strategically located development property, providing residents and tenants easy access to local amenities, shops, and educational institutions. With proximity to Columbia University (0.66 miles) and CUNY School of Public Health (0.31 miles), as well as leisure options at Movement Harlem (rock climbing gym) and The Studio Museum in Harlem, this development site ensures a seamless blend of lifestyle and practicality. Nearby banks include TD Bank and Citi Bank. Easily reachable shops like Marshalls, Whole Foods Market, CVS Drugstore, and famous fast-food restaurants such as McDonald’s, White Castle, Dunkin', and to grab a coffee, Starbucks, contribute to a holistic, connected living experience.
    Property Highlights
     The property is shovel-ready and has approved plans for a six story elevator building consisting of 12 units
     Plans available upon request and parking requirements are waived for this zoning
    Listing Agents
    Sadya Liberow

    O: 646-363-6175
    M: 347-762-4055
    sadya@assetcrg.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    217 West 123rd Street

    New York, NY 10027

    Development Site

    Listing ID: 310702
    • 217 West 123rd Street New York, NY 10027 | for Sale | Photo 1
    • 217 West 123rd Street New York, NY 10027 | for Sale | Photo 2
    217 West 123rd Street | for Sale | Thumbnail 1
    217 West 123rd Street | for Sale | Thumbnail 2
    Building Size: --
    Lot Size: --
    Land Size: 2,523 SF
    Building $/SF:
    Land $/SF: $871.97
    Price
    $2,200,000
    Property Highlights
    421A approved development site situated in Harlem, Manhattan
    The property is shovel-ready and has approved plans for a six story elevator building consisting of 12 units
    There are access agreements in place with both neighbors
    With a total lot buildable square footage of 10,092 SF
    Plans available upon request and parking requirements are waived for this zoning
    Situated conveniently near the 125 St[2,3] Subway Station
    Description

    421A approved development site situated in Harlem, Manhattan. The property is shovel-ready and has approved plans for a six story elevator building consisting of 12 units. There are access agreements in place with both neighbors. The total buildable square footage of 10,092 SF. Plans are available upon request and parking requirements are waived for this zoning.

    This development property represents a compelling investment opportunity. Harlem, celebrated for its historic charm, cultural vibrancy, and strategic proximity to downtown Brooklyn and Manhattan, emerges as an appealing choice for astute investors. Appreciation Potential: Presenting a strategically positioned development site in the heart of Harlem, this project offers a unique investment opportunity in the flourishing real estate market. With approved plans for a six-story, twelve-unit building, this distinct property redefines urban living, providing premium spaces for families and individuals alike. Designed for optimal functionality and innovation, capitalize on the burgeoning potential of Harlem's multifamily real estate market with this visionary project. Excellent Connectivity: Nestled in Harlem, this property provide seamless connectivity to subway access, streamlining residents' journeys to Manhattan. Transportation options include the nearby 125 St [2,3] Subway Station- within 0.21 miles) and the 116th St [B,C] Subway station just 0.37 miles away. Proximity to Amenities: Enjoy unmatched convenience at this strategically located development property, providing residents and tenants easy access to local amenities, shops, and educational institutions. With proximity to Columbia University (0.66 miles) and CUNY School of Public Health (0.31 miles), as well as leisure options at Movement Harlem (rock climbing gym) and The Studio Museum in Harlem, this development site ensures a seamless blend of lifestyle and practicality. Nearby banks include TD Bank and Citi Bank. Easily reachable shops like Marshalls, Whole Foods Market, CVS Drugstore, and famous fast-food restaurants such as McDonald’s, White Castle, Dunkin', and to grab a coffee, Starbucks, contribute to a holistic, connected living experience.

    Attachments & Files

    Traffic Counts

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    New York History of Commercial Land for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    New York Area Market Trends

    Listing Demographics for 217 West 123rd Street New York, NY 10027

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population234,6941,250,2432,562,301
    Population Median Age373938
    Population by Age0-9 Yrs23650 (10%)136515 (10%)287708 (11%)
    10-19 Yrs24576 (10%)126571 (10%)260355 (10%)
    20-29 Yrs50663 (21%)208789 (16%)435461 (16%)
    30-39 Yrs38027 (16%)208217 (16%)445284 (17%)
    40-49 Yrs28080 (11%)156508 (12%)325856 (12%)
    50-59 Yrs27621 (11%)153906 (12%)308019 (12%)
    60-69 Yrs20872 (8%)124897 (9%)246214 (9%)
    70+ Yrs21205 (9%)134840 (10%)253404 (9%)
    Median HH Income$50,255$64,690$64,574
    Total Household Income< 24K30394 (32%)136520 (26%)266907 (25%)
    25-49K16128 (17%)84882 (16%)178105 (16%)
    50-74K11901 (12%)66812 (12%)139746 (13%)
    75-99K8314 (8%)49753 (9%)105800 (9%)
    100-199K17410 (18%)104089 (19%)216863 (20%)
    200K+9161 (9%)82950 (15%)151815 (14%)
    Highest Education LevelNo Diploma27230154701327899
    Diploma or GED35140161182358566
    Some College21529113025231329
    Assoc. Degree78724517799088
    Bachelors Degree36645219024446770
    Higher Degree35780211195377553
    Total Housing Units103,689592,1011,201,870
    --Owner-Occupied12,519118,877231,276
    --Renter-Occupied80,789406,128827,960
    Owner-Occupied Values< 100K414524511092
    100-199K35136119777
    200-299K490573414960
    300-399K939760120340
    400-499K1023955022991
    500K+930287137152115
    Total Working Age Population198,0201,038,4072,118,615
    In Work Force119,053658,6761,373,647
    Not In Work Force78,967379,730744,969
    Workforce Employed109,857610,2471,271,277
    Workforce Unemployed9,17348,166101,503
    Civlian Workforce119,030658,4131,372,781
    Military Workforce23263866
    Total Households93,308525,0051,059,236
    Family Households44,484271,938559,833
    Non-Family Households48,824253,068499,403
    Married Couple20,864156,000321,204
    Other Family23,620115,938238,629
    Married w/Child8,57964,068131,920
    Single Male w/Child1,1527,86217,138
    Single Female w/Child8,63541,95788,271

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Hudson County608,975+4634,266+12708,100+6747,400
    Bergen County884,118+2905,116+7967,500+71,031,500
    New York18,976,457+219,378,102+420,146,131+220,604,030
    Queens County2,229,37902,230,722+92,436,549+52,565,268
    Bronx County1,332,650+41,385,108+101,519,809+61,604,168
    Kings County2,465,326+22,504,700+92,738,283+52,863,996
    New York County1,537,195+31,585,873+61,688,894+21,727,631

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 217 West 123rd Street in New York?
    The asking price for 217 West 123rd Street is $2,200,000
    What kind of Land is the propery at 217 West 123rd Street?
    The property at 217 West 123rd Street New York, NY 10027 is listed as a Apartment Land Land property
    What is the population within 1 mile of 217 West 123rd Street in New York?
    The population within 1 mile of 217 West 123rd Street New York, NY 10027 is 234,694 people.
    Who do I contact for questions about 217 West 123rd Street?
    You should contact the listing agent, Sadya Liberow, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    68 West 128th Street, New York, NY $999,000 - 0.04
    303 West 113th Street, New York, NY $2,950,000 - 0.23
    498 West 130th Street, New York, NY $649,000 - 0.03
    70 Edgewater Road, Cliffside Park, NJ $1,399,999 - 0.39
    1444 River Road, Edgewater, NJ $2,600,000 - 0.35
    1378 Inwood Avenue, Bronx, NY $2,340,000 - 0.12
    1311 Webster Avenue, The Bronx, NY $8,000,000 - 0.45
    1550 Bergen Boulevard, Fort Lee, NJ $1,950,000 - 0.52
    900 Edgewater Road, The Bronx, NY CALL - 0.8
    520 60th Street, West New York, NJ $1,000,000 - 0.06

    Closest Commercial Airports

    Airport Distance (mi)
    La Guardia Airport (LGA) 5
    Newark Liberty International Airport (EWR) 14
    John F Kennedy International Airport (JFK) 15