Development Site with Church and
For Sale
Contact for pricing
220-224 East 118th Street, New York, NY 10035
Mixed-use development site with a 1-story church and a 3-story multifamily building delivering vacant.
Property Size5,724 SF
Days on Market125
Property Features for 220-224 East 118th Street
General Information
Standard status
Active
Size
5,724 SF
Property subtype
Multifamily, Land, Special Purpose
Zoning
R7-A
Additional Details
Highway Access
Yes
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Michael Tortorici · License #NY 401085153
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 6:06AM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
220-224 East 118th Street is a 74.08’-wide development site currently improved with a 1-story, 1,500-square-foot church and a 3-story, 4,224-square-foot multifamily building. The multifamily building will be delivered vacant, providing a clear redevelopment path for the combined parcel.
The site is located on the south side of East 118th Street between Second Avenue and Third Avenue in East Harlem. Zoning is R7-A (4.00 FAR), providing approximately 29,905 buildable square feet as-of-right.
For this transaction, the purchaser is required to build and transfer approximately 7,000 square feet to the Assembly of Pentecostal Church, comprised of 5,100 square feet of below-grade community facility space and 1,900 square feet of above-grade residential space. With most of the requirement being below-grade, approximately 28,025 square feet of the total buildable area can be allocated to construction of free-market residential space. The area offers convenient access to lower Manhattan and outer borough locations via the 6 subway at Lexington Avenue and East 116th Street, along with the FDR Drive and local bus lines.
The site is located on the south side of East 118th Street between Second Avenue and Third Avenue in East Harlem. Zoning is R7-A (4.00 FAR), providing approximately 29,905 buildable square feet as-of-right.
For this transaction, the purchaser is required to build and transfer approximately 7,000 square feet to the Assembly of Pentecostal Church, comprised of 5,100 square feet of below-grade community facility space and 1,900 square feet of above-grade residential space. With most of the requirement being below-grade, approximately 28,025 square feet of the total buildable area can be allocated to construction of free-market residential space. The area offers convenient access to lower Manhattan and outer borough locations via the 6 subway at Lexington Avenue and East 116th Street, along with the FDR Drive and local bus lines.
Key Highlights
- Development site at 220‑224 East 118th Street (south side between Second Ave and Third Ave) with 74.08’ frontage
- Includes a 1‑story 1,500 SF church and a 3‑story 4,224 SF multifamily building delivered vacant
- R7‑A zoning (4.00 FAR) allows approximately 29,905 buildable SF as‑of‑right
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,680
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Mixed-use development site with a 1-story church and a 3-story multifamily building delivering vacant.
Where is this multifamily property located?
The property is located at 220-224 East 118th Street New York, NY.
What are key features of this property?
This property features: Development site at 220‑224 East 118th Street (south side between Second Ave and Third Ave) with 74.08’ frontage; Includes a 1‑story 1,500 SF church and a 3‑story 4,224 SF multifamily building delivered vacant; R7‑A zoning (4.00 FAR) allows approximately 29,905 buildable SF as‑of‑right
