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Harlem Theater & Development Opportunity
For Sale
$6,000,000

4-6 Hancock Pl, New York, NY 10027

Premier Harlem development site with theater and residential potential.

Property Size3,051 SF
Price / SF$571.97
Days on Market161

Property Features for 4-6 Hancock Pl

General Information

Standard status Active
Size 3,051 SF
Property subtype Commercial

Building Details

Building Size 3,051 SF
Listing Agency: Douglas Elliman Real Estate
Listed By: Alexander Boriskin · License #10401346550
Source: Elliman
Added: Mar 16 Changed: Aug 14 Last Checked: Aug 23 at 4:26AM

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 Douglas Elliman Real Estate

Investment Insights

Based on property information with market context.

Located in the heart of Central Harlem, 4 and 6 Hancock Place presents a development opportunity featuring the legendary Faison Firehouse and an adjacent lot. The 29-foot wide, 10,490 SF Beaux Arts masterpiece, completed in 1909 by architect Howard E. Constable for Hook & Ladder Company 40, offers possibilities ranging from a striking residential development to a world-class media or entertainment venue, a grand private mansion, or an exceptional live/work space. The Faison Firehouse features an ornamental limestone façade flanked by two grand bay windows, 16+ foot ceilings, abundant natural light, Venetian Palazzo-inspired interiors with a Juliette balcony, terraces on every floor, HVAC central air, a private finished roof deck with 360 city views, and a curb cut garage. The adjacent lot, currently used as a private garden, is suitable for new construction, expansion, or additional outdoor living space. The combined lots offer residential development potential of 30,332.8 SF, community facility potential of 32,588.7 SF, and commercial potential of 15,979.3 SF. The property is just one block from the 125th Street subway station with the A, B, C, and D lines, and the M3 bus line. It is surrounded by neighborhood staples and major retailers, 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.

Key Highlights

  • Rare opportunity for a large development site in Central Harlem suitable for residential, commercial, or community facility use.
  • Prime location: one block from the 125th Street subway (A, B, C, D lines) and close to major retailers, Columbia University, and cultural landmarks.
  • Includes the historic Faison Firehouse, a 10,490 SF Beaux Arts building with unique architectural details and potential for various uses.

Property Analytics

Current Use

Theaters & concert halls

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Accounting Firm Building Supply Auto Parts Store

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

8,851
Businesses Nearby

Demographics for 10027, NY

64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Theater & concert hall - Premier Harlem development site with theater and residential potential.
Where is this theater & concert hall located?
The property is located at 4-6 Hancock Pl New York, NY.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Rare opportunity for a large development site in Central Harlem suitable for residential, commercial, or community facility use.; Prime location: one block from the 125th Street subway (A, B, C, D lines) and close to major retailers, Columbia University, and cultural landmarks.; Includes the historic Faison Firehouse, a 10,490 SF Beaux Arts building with unique architectural details and potential for various uses.
More about this property
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