62 132nd St, New York, NY 10037-3302
This exceptional 1,873 square foot commercial land parcel presents a unique development opportunity in the heart of Central Harlem, Manhattan. Located at 62 West 132nd Street, this property benefits from its proximity to the bustling 125th Street corridor, offering easy access to Harlem's vibrant cultural scene, diverse dining options, and thriving retail landscape. The site's convenient location provides future residents or tenants with seamless connectivity to Manhattan via the 2, 3, A, C, B, and D subway lines. Adding to its appeal, the property is situated steps away from iconic landmarks such as Marcus Garvey Park and the Apollo Theater, enhancing its desirability and potential for significant return on investment. This is an exceptional chance to build in a neighborhood renowned for its rich history and experiencing a surge in demand for high-quality housing. The asking price for this remarkable development site is $849,000. The lot size is 1,873 square feet, offering ample space for a variety of development projects. This property is zoned for commercial use in New York County, New York, zip code 10027.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R7-2 · New York, NYNew York. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.