For Sale

Listed by Nigel Pearce and John McGuinness from Compass

Source: OneKey #H6285977

264 West 135th Street, New York, NY, 10030

$1,975,000

1
1595 sq. ft.

Condo

30+ days on the market

What's around 264 West 135th Street

About this property

Discover a rare and exceptional development opportunity in the heart of Harlem at 262-264 West 135th Street. This unique property, currently a vacant building, is situated on a substantial lot of 2,898 square feet with dimensions of 29 by 99.92 feet, presenting an unparalleled canvas for visionary developers. The property boasts mixed-use zoning (R7-2, C1-4), offering a diverse range of development possibilities. The flexible zoning accommodates both residential and commercial uses, allowing for the creation of a dynamic and multifaceted development. With a residential Floor Area Ratio (FAR) of 3.44, there is potential to construct up to 9,900 square feet of residential space. Additionally, the facility FAR of 6.5 further enhances the opportunity, permitting an expansive development of up to 18,837 square feet, ideal for a combination of residential, commercial, and community spaces. Located in a prime area of New York City, the property ensures excellent connectivity with easy access to cross-town buses and the 2/3 and B/C subway lines. Its proximity to St. Nicholas Park, various successful condominium developments, and convenient public parking options add to its appeal, making it an attractive location for both residents and businesses. This property is not merely a building; it is an opportunity to create a mixed-use masterpiece in a neighborhood brimming with life and potential. Whether envisioning upscale apartments, bustling retail spaces, or essential community facilities, this property offers the flexibility and scope to bring ambitious projects to fruition. This is a chance to invest in and shape the future of West 135th Street, a vibrant area synonymous with growth and opportunity. Seize this moment to make a lasting impact on one of New York City's most dynamic neighborhoods.

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