Prime Development Site in East Harlem 2 Blocks from the Subway

• ± 23,000 ZFA                                                 • R9/C2-5 Zone                                                • Close proximity to multiple subway lines      • In the heart of the Sendero Verde      development

Overview


    Location

    91 East 111th Street, New York, NY 10029

    Goldenwood Property Advisors is pleased to announce that we have been exclusively hired to market and arrange for the sale of 91 East 111th Street (“The Property”). The Property is currently a vacant parcel located in East Harlem on East 111th Street in between Madison and Park Avenues. The ± 3,078 SF lot offers ± 23,147 buildable residential SF. The R9 / C2-5 zoning allows for a residential tower with a retail base and a community facility component. This site is in the heart of the upcoming development, Sendero Verde, which will feature over 700,000 SF of mixed-use space, including upwards of 400 residential units. East Harlem is evolving, in that residential units are being rented for close to $50/SF, while condos are being sold for upwards of $1,000/SF. In addition, the property also benefits from a superior location, given its close proximity to the 6 train, 2/3 trains, Mt. Sinai Hospital, and Central Park.

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