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    275 Pleasant Ave New York, NY 10029

    Sponsored
    For Sale
    $645,000

    Prime NYC lot, buildable space.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 946 sq ft vacant lot, located at 275 Pleasant Avenue in New York, NY 10029, presents a unique development opportunity in the heart of East Harlem. The property, measuring 12.71ft x 74ft, boasts an impressive 4.0 FAR, allowing for approximately 2,900 sqft of buildable space. Significant groundwork has already been completed, including excavation and the pouring of foundation walls. Approved building plans are in place, streamlining the construction process and minimizing potential delays. This prime location offers easy access to a vibrant neighborhood with diverse dining, shopping, and entertainment options, as well as convenient public transportation. The property's favorable zoning regulations and proximity to urban amenities make it an ideal location for a new residential building or a lucrative multi-unit development. The asking price for this rare find is $645,000. Don't miss this chance to acquire a piece of Manhattan real estate with significant potential for growth and return on investment.

    Property Features for 275 Pleasant Ave

    General Information

    Property type
    Land

    HighLights

    • 946 sq ft vacant lot in prime East Harlem location (275 Pleasant Avenue, New York, NY 10029).
    • 12.71ft x 74ft lot with a 4.0 FAR, yielding approximately 2,900 sq ft of buildable space.
    • Significant groundwork completed, including excavation and foundation walls; approved building plans in place.
    • $645,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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 (Manhattan)
    State
    New York
    Longitude
    -73.9341528
    Latitude
    40.794176

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    FAQs

    What type of property is this?
    Land - Prime NYC lot, buildable space.
    Where is this land located?
    The property is located at 275 Pleasant Ave New York, NY.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: 946 sq ft vacant lot in prime East Harlem location (275 Pleasant Avenue, New York, NY 10029).; 12.71ft x 74ft lot with a 4.0 FAR, yielding approximately 2,900 sq ft of buildable space.; Significant groundwork completed, including excavation and foundation walls; approved building plans in place.
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    275 Pleasant Ave New York, NY 10029
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    New York, NY 10029
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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
    275 Pleasant Ave New York, NY 10029
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