Property profile

4-6 Hancock Pl New York, NY 10027

OFF-MARKET
Commercial land
Property ID
US63-Q016482
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Property summary

AI-generated overview

4 and 6 Hancock Place, Harlem, NYC. A Once in a Lifetime Opportunity for a Premier Theater and Residential Development Site The legendary Faison Firehouse, paired with its adjacent lot, presents a rare opportunity to create an extraordinary property in the heart of Central Harlem. From a striking residential development to a world class media or entertainment venue, a grand private mansion, or an exceptional live/work space, the possibilities are unmatched. Offered at a very special price, this opportunity makes a variety of possibilities attainable, including: • A user looking to take over the existing 110 seat theater and adjoining backyard lot to create a one of a kind entertainment or cultural venue, complete with a lower level space previously operating as a full liquor cabaret lounge. • A developer seeking to build a prime residential project with tremendous light and air on a rare Harlem footprint. Prime Location: Just one block from the 125th Street subway statio n with the A, B, C, and D lines, and the M3 bus line at your doorstep. Surrounded by neighborhood staples and major retailers , including across the street from Starbucks, and in immediate proximity to AMC Theatres, Old Navy, and CVS Pharmacy. Situated beside the Factory District and Columbia University's new Entrepreneurial Development Hub and Manhattanville Campus, this unique property is also just blocks from Morningside Park, the Apollo Theater, and Harlem's acclaimed dining corridors along Frederick Douglass and Lenox Avenues. The Faison Firehouse: • 29 foot wide, 10,490 SF Beaux Arts masterpiece completed in 1909 by architect Howard E. Constable for Hook & Ladder Company 40. • Ornamental limestone façade flanked by two grand bay windows. • 16+ foot ceilings, abundant natural light, and Venetian Palazzo inspired interiors with a Juliette balcony, terraces on every floor, and HVAC central air. • Private finished roof deck with 360 city views. • The only property on the block with a curb cut garage, an extremely rare Harlem amenity. • Surrounded by a high wrought iron fence for privacy and security. The Adjacent Lot (4 Hancock Place): • Currently used as a private garden. • Suitable new construction, expansion, or additional outdoor living space. Development Potential (Both Lots Combined): • Residential: 30,332.8 SF • Community Facility: 32,588.7 SF • Commercial: 15,979.3 SF Bring your architect and unlock the possibilities, whether it's a signature cultural venue, luxury residences, or a hybrid space tailored to your vision. This is not just a listing, it's iconic and an opportunity rolled into one. Offered at a rare value. Must be seen to be believed. bikeScore: 57, Bikeable walkScore: 93, Walker's Paradise transitScore: 100, Rider's Paradise

Property profile

Verified
Property type Commercial land
UPID US63-Q016482

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4-6 Hancock Pl New York, NY 10027
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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