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11 E 115th St, New York, NY 10029
Gaia Property Group is pleased to exclusively offer for sale of this development site situated on 115th Street between Fifth and Madison Avenues in East Harlem, Manhattan.
The property is encumbered by an easement that requires capacity for nineteen (19) parking spaces at 1760 Madison Avenue – please inquire for more info. The property is located in the rapidly expanding neighborhood of East Harlem, an area slated for considerable growth given the City’s proposed rezoning initiatives.
The site is surrounded by bustling retail and various new residential developments, several of which are consistently achieving condo sellouts north of $1,000 per square foot. Local neighborhood attractions include Marcus Garvey Park, Central Park, the Harlem Meer, Columbia University, the Silberman School of Social Work at Hunter College, and the East Village Plaza.
The property also enjoys easy access to lower Manhattan and outer borough locations via the 2/3 subway train just a block away on Malcolm X Blvd. With its vastly convenient location, local draws and institutions, along with the combination of a robust residential marketplace, this property represents an outstanding development opportunity poised to take advantage of neighborhood upside potential.