410 115th St, New York, NY 10029-1701

This exceptional East Harlem development site, located at 410 East 115th Street, New York, NY 10029, presents a unique investment opportunity. The 3,785 square foot lot is zoned R7B (with a small portion zoned R7-X/C1-5), allowing for the construction of a 21-unit residential building. Approved architectural plans are in place for a 20,813 buildable square foot condominium development, encompassing 12,343 square feet on the primary lot and an additional 11,859 square feet transferred from an adjacent lot. The property's prime location offers convenient access to public transportation, with the 4, 5, and 6 subway lines within a short walk. Residents will enjoy proximity to numerous amenities, including Jefferson Park, the East River Plaza shopping mall (featuring Costco and Aldi), and vibrant retail corridors along 1st and 2nd Avenues. This development site offers a compelling blend of location, approved plans, and zoning potential, making it an ideal investment for experienced developers seeking a high-return project in a rapidly growing neighborhood. The asking price for this remarkable opportunity is $3,500,000.