66 129Th St New York, NY 10035
- Schools
- 26,080 SF
Current Use by Public Records
- Schools
Property Details for 66 129Th St
- Property size
- 26,080 SF
- Property type
- Schools
Description
This exceptional East Harlem property, located at 66-70 East 129th Street, presents a unique investment opportunity. The offering encompasses three adjacent tax lots totaling 5,024 square feet, with a 4-story building featuring 8,268 square feet above grade and a significant 26,080 buildable square feet as-of-right. The well-maintained building, currently configured as a school, boasts a versatile layout including a ground-floor multipurpose room and classrooms on the upper floors. Amenities include an elevator and two stairways, with bathrooms conveniently located on each floor. The building's footprint is 43.8' x 50.2' (irregular), with only 2,067 square feet of lot coverage, leaving ample space for outdoor use, including a sizable rear yard featuring mature trees and artificial turf. The property benefits from 51.75 feet of frontage on 129th Street, offering excellent signage opportunities. Zoned R7B/M1-6/R9, EHC, this property allows for diverse redevelopment possibilities. Its prime location offers convenient access to public transportation, including the 4, 5, 6, 2, and 3 subway lines, as well as Metro-North, and is within walking distance of numerous restaurants and retail establishments. The asking price is $3,900,000, translating to $150 per buildable square foot (as-of-right) and $472 per square foot (above grade). This presents a compelling opportunity for investors and developers seeking a prime location in a rapidly evolving neighborhood. The property's air rights add further development potential, totaling 17,812 square feet.
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
- -73.9378202
- Latitude
- 40.8076245
