Corner Development Ground
For Sale
Contact for pricing
530 W 215th St, New York, NY 10034
Corner development site on a long-term ground lease with no ground lease payments due for the lease term.
Property SizeContact for details
Days on Market127
Property Features for 530 W 215th St
General Information
Standard status
Active
Property subtype
Land
Zoning
R7-A
Additional Details
Opportunity Zone
Yes
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Victor Sozio · License #NY 10301211469
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 4:53AM
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.
This offering presents a corner development site located on the southwest corner of West 215th Street and Park Terrace East. The property entered into a long-term 49-year ground lease agreement in 2019, and the leasehold position is being offered for sale with no ground lease payments due for the life of the lease.
The site is in Inwood and is described as being in an opportunity zone. R7-A zoning (4.00 FAR) is provided in the offering materials, with approximately 50,072 buildable square feet referenced for future residential development.
The property’s current entitlement information and leasehold structure make it a straightforward platform for a future residential development plan under the stated zoning parameters.
The site is in Inwood and is described as being in an opportunity zone. R7-A zoning (4.00 FAR) is provided in the offering materials, with approximately 50,072 buildable square feet referenced for future residential development.
The property’s current entitlement information and leasehold structure make it a straightforward platform for a future residential development plan under the stated zoning parameters.
Key Highlights
- Corner development site at the southwest corner of W 215th St and Park Terrace East
- Leasehold for sale: entered into a 49‑year ground lease in 2019
- No ground lease payments are due for the life of the 49‑year lease
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,437
Businesses Nearby
Explore this area
Business Placement
Demographics for 10034, NY
36,778
Population
16,599
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
80%
High-School Grad
1.0 sq mi
ZIP Area
36,778
Density / Sq Mi
$69,786
Median Household Income
$47,553
Median Earnings
$1,621
Median Rent
$518,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Corner development site on a long-term ground lease with no ground lease payments due for the lease term.
Where is this residential land & home lot located?
The property is located at 530 W 215th St New York, NY.
What are key features of this property?
This property features: Corner development site at the southwest corner of W 215th St and Park Terrace East; Leasehold for sale: entered into a 49‑year ground lease in 2019; No ground lease payments are due for the life of the 49‑year lease
