Shovel-Ready Residential Development
For Sale
Contact for pricing
172 East 122nd Street, New York City, NY 10035
Approved plans for a seven-story residential building make this lot well-suited for developers seeking a vertical build.
Property SizeContact for details
Lot Size0.09 Acres
Days on Market134
Property Features for 172 East 122nd Street
General Information
Standard status
Active
Lot size
0.09 Acres
Property subtype
Multifamily, Land
Zoning
R7B
Investment Type
Redevelopment
Additional Details
Multifamily Units
15
Building Details
Stories
7
Units
15
Tenancy
Single
Listing Agency:
Tri State Commercial
Listed By:
Shlomi Bagdadi · License #NY 10311204539
(718) 437-6100
Source:
Crexi
Added: Jun 17
Changed: Oct 27
Last Checked: Oct 28 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tri State Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
172 East 122nd Street is a shovel-ready development site with approximately 52 feet of frontage on a 3,852-square-foot lot. The property includes approved plans for a seven-story residential building totaling approximately 16,615 buildable square feet. The proposed project is designed to accommodate 15 residential units and includes eligibility for the 421-A tax abatement.
The site is positioned in the East Harlem neighborhood of Manhattan and is noted for strong pedestrian activity and convenient access to public transportation. Surrounding uses include a mix of neighborhood retailers, restaurants, and community services, with listed nearby businesses such as Dunkin’, Domino’s Pizza, McDonald’s, AT&T Store, Dollar Tree, and Taco Express Mexican Grill.
For developers and investors evaluating residential projects in Upper Manhattan, the value here is the combination of an entitled, approved plan and a clear unit count within a multi-story configuration. The 421-A eligibility provides an additional consideration for qualifying residential development financing and long-term operating planning. This offering is intended for parties looking to move forward with a vertical build on an active neighborhood commercial corridor.
The site is positioned in the East Harlem neighborhood of Manhattan and is noted for strong pedestrian activity and convenient access to public transportation. Surrounding uses include a mix of neighborhood retailers, restaurants, and community services, with listed nearby businesses such as Dunkin’, Domino’s Pizza, McDonald’s, AT&T Store, Dollar Tree, and Taco Express Mexican Grill.
For developers and investors evaluating residential projects in Upper Manhattan, the value here is the combination of an entitled, approved plan and a clear unit count within a multi-story configuration. The 421-A eligibility provides an additional consideration for qualifying residential development financing and long-term operating planning. This offering is intended for parties looking to move forward with a vertical build on an active neighborhood commercial corridor.
Key Highlights
- 3,852 SF lot with approx. 52 ft of frontage at 172 East 122nd Street (East Harlem, Manhattan)
- Approved plans for a seven‑story residential building totaling approx. 16,615 buildable SF
- Plans include 15 residential units in the proposed development
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
9,961
Businesses Nearby
Explore this area
Business Placement
Demographics for 10035, NY
35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approved plans for a seven-story residential building make this lot well-suited for developers seeking a vertical build.
Where is this residential land & home lot located?
The property is located at 172 East 122nd Street New York City, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 3,852 SF lot with approx. 52 ft of frontage at 172 East 122nd Street (East Harlem, Manhattan); Approved plans for a seven‑story residential building totaling approx. 16,615 buildable SF; Plans include 15 residential units in the proposed development
