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Informations principales sur l'investissement

  • 228-246 East 122nd presents a premier East Harlem development site offering 106,426 ZSF in an Opportunity Zone Corridor.
  • Positioned three blocks from the 125th Street transit hub, providing swift access to the 4/5/6 trains, Metro-North, and the Second Avenue Subway.
  • Set within a high-demand rental market with 83% renter households and 600,000 residents nearby, offering powerful long-term growth potential.
  • 156 units across Two, 11-story buildings encompassing all ZFA and avoids prevailing wage under 485x
  • Near major developments, including One East Harlem, 1800 Park Avenue, The Smile, and The LABS on 121, reinforcing strong neighborhood momentum.

Résumé analytique

Strategic Realty Partners has been exclusively retained to offer for sale a premier development opportunity
Located at 228-252 East 122nd Street in the heart of Second Avenue Subway Phase 2 transformation corridor. This exceptional 21,243 SF land assemblage presents 210 feet of frontage along East 122nd Street, offering 106,426 buildable square feet as-of-right under R7A zoning. The site benefits from Opportunity Zone designation, providing significant tax advantages for qualified investments. Located just three blocks from the 125th Street-Lexington Avenue transit hub (4/5/6 lines, Metro North and future Q train), the property sits at the nexus of East Harlem’s unprecedented development boom.
Major projects including One East Harlem, Memorial Sloan Kettering’s Proton Center, Clipper Equity’s 1800 Park Ave have established this corridor as Manhattan’s next frontier for growth. The current improvement will be delivered vacant, allowing immediate development of up to 156 residential units across two 11-story contextual buildings.
We invite qualified developers to explore this compelling opportunity to create value in one of New York’s most dynamic emerging markets.

Bilan financier (Réel - 2025)

Annuel Annuel par ha
Taxes 180 733 € 11 165 042,40 €
Frais d’exploitation - -
Total des frais 180 733 € 11 165 042,40 €

Bilan financier (Réel - 2025)

Taxes
Annuel 180 733 €
Annuel par ha 11 165 042,40 €
Frais d’exploitation
Annuel -
Annuel par ha -
Total des frais
Annuel 180 733 €
Annuel par ha 11 165 042,40 €

Informations sur l’immeuble

Type de vente Investissement
Condition de vente Projet de requalification
Nb de lots 1
Type de bien Terrain
Sous-type de bien Résidentiel
Usage proposé
Commercial
  • À usage mixte
  • Logement
  • Lots d’appartement
  • Appartements en copropriété
Surface totale du lot 0,02 ha
Zone de développement économique [USA] Oui
Zonage R7A - Medium-density apartment house district with lower parking requirements

1 Lot disponible

Lot

Surface du lot 0,2 ha

Description

Strategic Realty Partners presents 228-246 East 122nd Street, a premier 21,243-square-foot land assemblage featuring 210 feet of frontage and 106,426 buildable square feet, as of right under R7A zoning This Opportunity Zone-designated site offers significant tax advantages for qualified investments, making it an ideal location for residential or mixed-use development. The property will be delivered vacant, allowing for the immediate construction of up to 156 residential units across two 11-story, contextually designed buildings. Positioned in East Harlem’s booming Second Avenue Subway Phase 2 corridor, the site offers a rare combination of scale, visibility, and flexibility for developers seeking a transformative urban project. The assemblage sits in a highly connected and amenity-rich location. Just three blocks from the 125th Street-Lexington Avenue transit hub (4/5/6 lines, Metro-North, and future Q line), the property provides unparalleled transit access. Major thoroughfares and local bus lines, including M60-SBS, M101, M103, and M125. The site is surrounded by cultural, retail, and dining destinations, including El Museo del Barrio, Apollo Theater, Rao’s, Patsy’s Pizzeria, and the East River Plaza shopping center. Nearby developments such as 1800 Park Avenue, One East Harlem, The Smile, and The LABS on 121 underscore the corridor’s emergence as Manhattan’s next frontier for growth and investment. East Harlem has become a magnet for new jobs, development, and renter demand. Over 83% of households are renter-occupied, with more than 600,000 residents within a 2-mile radius, creating a strong, reliable market for residential development. The area benefits from access to parks like Marcus Garvey Park, Thomas Jefferson Park, and Central Park, as well as educational institutions such as Hunter School of Social Work. With ongoing large-scale projects and institutional growth, this site offers a rare opportunity to capitalize on Manhattan’s expanding urban core. 228-246 East 122nd Street represents a transformative development opportunity where scale, connectivity, and market demand converge to create long-term value. Block/Lot: 1786 / 31, 32, 33, 133, 34, 35, 36, 37 Lot Dimensions: 209.99' x 100.92' Lot Sq. Ft.: 21,243 Existing Building: 11,319 SF Cross Streets: 122nd St. between 2nd & 3rd Avenue Zoning: R7A FAR: 5.01 Buildable Sq. Ft.: 106,426 Maximum Unit Count: 156 Real Estate Taxes (25/26): $209,456

Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100

Taxes foncières

Taxes foncières

N° de parcelle
Multiple
  • 1786-0037
  • 1786-0035
  • 1786-0034
  • 1786-0033
  • 1786-0036
  • 1786-0133
  • 1786-0032
  • 1786-0031
Évaluation du terrain
1 454 928 €
Évaluation des aménagements
330 980 €
Évaluation totale
1 785 908 €
Impôts annuels
180 733 €
Année d’imposition
2025
  • ID de l’annonce: 38505421

  • Date de mise sur le marché: 19/11/2025

  • Dernière mise à jour:

  • Adresse: 228-252 E 122nd St, New York, NY 10035

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