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    228 122Nd St New York, NY 10035

    Sponsored
    For Sale
    Contact for pricing

    Prime Retail & Land Opportunity

    Property size:
    84,768 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional East Harlem property offers 84,768 buildable square feet on a 21,192 square foot lot, zoned R7A. Located at 228-242 East 122nd Street, New York, NY 10035, this significant parcel boasts 210 feet of frontage along East 122nd Street. Its size makes it ideal for large-scale development, such as a residential, educational, or medical facility. The property's unique scale also presents potential for rezoning or variance. Benefitting from Opportunity Zone tax advantages, this location is further enhanced by proximity to recent developments like One East Harlem and the Proton Center, as well as established attractions including the East River Plaza, Hunter School of Social Work, Thomas Jefferson Park, and renowned restaurants. Excellent transit access is provided by nearby 4, 5, and 6 subway lines and the Metro-North 125th Street Station. This is a rare opportunity to acquire one of the largest vacant parcels in Northern Manhattan.

    Property Features for 228 122Nd St

    General Information

    Property type
    Land
    Square Feet
    84,768 SF

    HighLights

    • Massive vacant land parcel in Northern Manhattan.
    • 210 feet of frontage on East 122nd Street.
    • R7a zoning allows for 84,768 buildable square feet.
    • Suitable for large‑scale residential, educational, or medical development.
    • Size may allow for rezoning or variance.
    • Opportunity Zone tax benefits available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Celtic General Contracting General Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    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
    -73.9362347
    Latitude
    40.8010833

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    FAQs

    What type of property is this?
    Land - Prime Retail & Land Opportunity
    Where is this land located?
    The property is located at 228 122Nd St New York, NY.
    What are key features of this property?
    This property features: Massive vacant land parcel in Northern Manhattan.; 210 feet of frontage on East 122nd Street.; R7a zoning allows for 84,768 buildable square feet.
    Request Owner's contact information
    228 122Nd St New York, NY 10035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    228 122Nd St New York, NY 10035
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