60 116Th St New York, NY 10026
- Land
Current Use by Public Records
- Casa de la Cultura de Guatemala en Nueva York / Social Services Organization
- House of Candles / Religious Goods Store
- S K W SEAFOOD INC / Wholesaler
- Sea & Sea Fish Market / Seafood Market
- La Casa De Las Velas / Candle Store
Property Details for 60 116Th St
- Property type
- Land
Description
This exceptional 10,091 square foot development site, located at 60 West 116th Street in New York City's vibrant West Harlem neighborhood, presents a compelling redevelopment opportunity. The property boasts a 50-foot frontage and extends through the block between 115th and 116th Streets, offering significant potential. Currently zoned C4-5X, the site allows for a buildable area of up to 60,000 square feet, making it ideal for a variety of projects. Its strategic location near Columbia University and Mount Sinai Hospital makes it particularly well-suited for student housing, senior living facilities, or a medical-related development. The property's proximity to the 2 & 3 subway lines and major bus routes ensures excellent accessibility. The asking price is $12,950,000, translating to $256 per square foot based on land value. This represents a unique chance to acquire a vacant, block-through site with substantial air rights (50,455 sq ft) and a history of long-term ownership (last sale 27 years ago). Further details, including operating manuals, are available upon request. This is a rare opportunity to acquire a significant development site in a rapidly growing area of Manhattan.
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
- -73.949
- Latitude
- 40.8018
