Investment Overview

Marcus & Millichap has been exclusively retained to arrange the sale of 410 East 115th Street located in the East Harlem section of Manhattan, NY. The subject property is an empty 3,785 square foot lot located between First and Pleasant Avenues. The subject property measures 37.5 ft x 100.92 ft and is zoned R7B (with a smaller portion zoned R7-X / C1-5). The site has approved architectural plans for the development of 21 condominium dwellings across 20,831 zoning square feet. Situated on a tree-lined block, the site’s location exemplifies urban tranquility while being strategically positioned just a block away from prominent landmarks like the East River Plaza shopping Mall with retail giants like Costco, Aldi, and the Lighthouse Fish Market. For recreation and lifestyle, the proximity to Jefferson Park, Bobby Wagner Walk along the East River, and the Manhattan Center for Science and Mathematics cannot be overlooked. Moreover, the bustling retail corridors of 1st and 2nd Avenues are laden with diverse shopping and dining options. Located just a 9 min walk from the 4 and 6 Subway Lines at the E 116th Station and near the 5 Subway Line at E 125th Street, 410 East 115th represents an opportunity for developers and investors to take over a strategically located condominium development site with approved plans for 21 units in one of New York City’s most up-and-coming neighborhoods.