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Harlem Vacant Lot Opportunity
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498 W 130th St, New York, NY 10027

Vacant lot in Harlem suitable for luxury two-family development.

Property Size4,980 SF
Price / SF$120.28
Days on Market314

Property Features for 498 W 130th St

General Information

Standard status Active
Size 4,980 SF
Property subtype Multifamily

Building Details

Stories 4
Listing Agency: Asset CRG Advisors, LLC
Listed By: Sadya Liberow · License #NY
Source: Crexi
Added: Nov 25, 2025 Changed: Sep 26 Last Checked: Oct 5 at 5:29PM

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 Asset CRG Advisors, LLC

Investment Insights

Based on property information with market context.

This vacant lot is located in the Harlem neighborhood and offers 1,245 sq. ft. of lot space with 4,980 buildable sq. ft. It is suitable for a luxury 4-story two-family development, catering to high-demand housing. The resale value is projected between $3,200,000 and $3,600,000, offering strong investment potential. The property is conveniently located within walking distance of the 125th Street [1] Train Station and close to 135th Street [A], [B], [C], [D] Train Station, enhancing access to transit and local amenities.

Key Highlights

  • Prime vacant lot in Harlem
  • Buildable sq. ft. of 4,980 ideal for a luxury 4‑story two‑family development
  • Projected resale value between $3,200,000 and $3,600,000

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Acupuncture Electrical Service 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

5,529
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Land - Vacant lot in Harlem suitable for luxury two-family development.
Where is this land located?
The property is located at 498 W 130th St New York, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime vacant lot in Harlem; Buildable sq. ft. of 4,980 ideal for a luxury 4‑story two‑family development; Projected resale value between $3,200,000 and $3,600,000
(347) 762-4055 Call to check price and availability
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