±145,000 ZFA Opportunity Zone Inwood Development Site - $22.5MM

• 200' x 100' Blockfront site | 20,000 SF Lot  • Zoned C6-2 | FAR: 7.20  • Located in a FRESH and Opportunity Zone • $156/ZFA – Priced to Sell now. • Delivered vacant at closing • Walking distance from New York Presbyterian Hospital and the 1 Train.

Overview


    Location

    400 West 219th Street, New York, NY 10034

    Goldenwood Property Advisors is pleased to announce that we have been exclusively retained by ownership to facilitate the sale of 400 West 219th Street, New York, NY 10034 (the “Property”). The neighborhood of Inwood was recently rezoned, unlocking the massive potential that lies within the industrial properties that for decades remained under-utilized. The Property also benefits from being located within a Qualified Opportunity Zone. The Property is located in a Mandatory Inclusionary Housing Zone, providing a bonus to FAR and building height. 400 West 219th Street’s proximity to the waterfront will allow a developer to take advantage of the added value of sweeping river views in Manhattan that were previously only available to pricey condos in the far south of the island and the outer boroughs. Retail in the area consists of an eclectic mix of mom & pop stores, restaurants, and offices as well as national credit tenants. The Property boasts 200’ of frontage on Ninth Avenue, 100’ of frontage on both West 218th and West 219th Street, providing a combined 400’ of wrap-around frontage, ideal for a large national credit tenant. The large ground floor space would also be very attractive to a grocery store, the value of which translates into a 1:1 residential ZFA gain for each SF of supermarket space due to the FRESH area designation of the Property.

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