163 122Nd St New York, NY 10027
- Commercial real estate
- 7,500 SF
Current Use by Public Records
- Commercial real estate
Property Details for 163 122Nd St
- Property size
- 7,500 SF
- Property type
- Commercial real estate
Description
This exceptional 7,500-square-foot retail property at 163 West 122nd Street in New York City, NY 10027 presents a unique investment opportunity. Located mid-block on a quiet, tree-lined street in Central Harlem, this property sits on a 1,875-square-foot lot and is offered at an asking price of $699,000, translating to $93 per square foot. The R7-2/C2-4 zoning permits a mixed-use development up to 7,500 buildable square feet, offering flexibility for various projects. The site's ideal location on a residential block presents possibilities for a single-family townhouse, luxury condominiums, or walk-up apartments. Strong residential demand is driven by its proximity to Morningside Park and Marcus Garvey Park. Furthermore, its half-mile proximity to Columbia University makes it an attractive site for student housing or faculty accommodations. Convenient access to public transportation is ensured by the A, C, B, and D subway lines at the 125th Street station, providing a direct route to Midtown Manhattan. This property offers significant potential for developers seeking a prime location in a thriving neighborhood.
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
- -73.9490809
- Latitude
- 40.8069717
