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    East 110th Street Development Site Title is generated by Realmo AI

    81-85 E 110th St, New York, NY 10029

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    60' wide development site near Central Park with retail.

    Type:Land
    Added:
    Feb 7, 2024
    Days on Market:
    853
    Last Refresh:
    May 13 at 8:07 pm

    Property Features for 81-85 E 110th St

    General Information

    Standard status
    Active
    Property subtype
    Land

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    Listing Contact
    Josh Goldflam

    Listing agent Josh Goldflam License #NY 10351201402

    Listing office Highcap Group

    Listing date Feb 7, 2024

    Source Crexi

    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 Highcap Group

    HighLights

    • 60' wide development site, two blocks from Central Park
    • As of Right: 31,553 BSF residential/retail zoning
    • Potential for 39,359 BSF for community facility
    • $150k Net Operating Income (NOI)
    • Currently 3 retail tenants
    • Demo clauses in retail leases

    Overview

    Located two blocks from Central Park on East 110th Street, this 60-foot wide development site is zoned for both retail and residential use. The property allows for as-of-right development of 31,553 square feet, or 39,359 square feet for a community facility. Currently, the site hosts three retail tenants with demolition clauses, generating a net operating income of $150,000.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9464051
    Latitude
    40.7957614

    FAQs

    What type of property is this?
    Commercial land - 60' wide development site near Central Park with retail.
    Where is this commercial land located?
    The property is located at 81-85 E 110th 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: 60' wide development site, two blocks from Central Park; As of Right: **31,553 BSF residential/retail zoning**; Potential for 39,359 BSF for community facility
    More about this property
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