7 115Th St New York, NY 10029
- Land
Current Use by Public Records
- Land
Property Details for 7 115Th St
- Property type
- Land
Description
This exceptional 13,624-square-foot development site, located at 7 East 115th Street in East Harlem, New York, presents a compelling investment opportunity. Zoned R7-2, this property allows for substantial residential development. As-of-right, approximately 54,497 buildable square feet are permitted, with the potential to increase to approximately 88,557 square feet utilizing a Community Facility bonus. The lot, measuring 135 feet wide by 100.92 feet deep (approximately), is situated on the north side of East 115th Street, between 5th and Madison Avenues. The property includes an existing assumable mortgage of $6,500,000. Note that an easement exists requiring nineteen parking spaces at a separate address (1760 Madison Avenue)
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9462
- Latitude
- 40.8