Building Details

Buildings 2

Stories 3

Listing Agency: Ariel Property Advisors Show Phone

Listed By: Michael Tortorici · License #NY 401085153

Source: Crexi

Added: Feb 4 Changed: Aug 12 Last Checked: Aug 23 at 12:51PM

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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.

The property at 224-228 East 118th Street is a development site located in East Harlem. The parcel, approximately 7,980 square feet with a 79-foot wide frontage, currently consists of a vacant lot and a vacant townhouse. The site includes additional air rights and a light & air easement from an adjacent neighbor. This property represents a development opportunity in Northern Manhattan.

Key Highlights

• Prime East Harlem development site.
• Exceptional scale with a 79’ wide, ~7,980 square foot parcel.
• Includes additional air rights.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Accounting Firm Computer & Electronic Repair Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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Frequently Asked Questions

What type of property is this?

Commercial land - Prime East Harlem development site with air rights and easement.

Where is this commercial land located?

The property is located at 224-228 E 118th St New York, NY.

What is the asking price?

The asking price for this property is $7,000,000.

What are key features of this property?

This property features: Prime East Harlem development site.; Exceptional scale with a 79’ wide, ~7,980 square foot parcel.; Includes additional air rights.