Listing Agency: Highcap Group

Listed By: Josh Goldflam · License #NY 10351201402 Show Phone

Source: Crexi

Added: Feb 7, 2024 Changed: Sep 4 Last Checked: Sep 7 at 12:06AM

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Investment Insights

Based on property information with market context.

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.

Key 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

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm Acupuncture Computer & Electronic Repair Electrical Service

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

11,121

Businesses Nearby

Explore this area Business Placement

Demographics for 10029, NY

78,141

Population

36,955

Households

2.1

Avg Household Size

36

Median Age

36%

College-Educated

78%

High-School Grad

1.2 sq mi

ZIP Area

65,118

Density / Sq Mi

$38,308

Median Household Income

$41,951

Median Earnings

$1,183

Median Rent

$818,100

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

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