We are pleased to highlight the sale of 261 West 126th Street is a 20’ wide, 6,880 buildable square foot development site located on the north side of West 126th Street between Frederick Douglass & Adam Clayton Powell Jr. Boulevards in West Harlem. Located just one block from the renowned 125th Street and Frederick Douglass Boulevard retail corridors, future tenants will benefit from an increasing variety of local and national retail, entertainment, restaurants, bars and amenities that continue to flood the neighborhood. New construction condominium sellout values range from approximately $1,100 to $1,300 per square foot. Currently, a 4,000 square foot mixed-use building exists on the site which consists of 3 residential units and 1 owner occupied office unit that have a projected gross annual income of approximately $131,000 per year.
Public transportation is easily accessible via the A, B, C, D, 2 & 3 train stations located just two blocks away on 125th Street and the numerous bus lines that service the neighborhood. Additionally, the Harlem 125th Street Metro North train station is located four blocks to the east on Park Avenue, providing access to the New York metropolitan area. In addition to being a standalone development site, the potential exists for a future assemblage with three adjacent lots to the west that are currently under the jurisdiction of NYC HPD. Public transportation is easily accessible via the G, L, J, M, and Z subway lines as well as numerous bus lines that service the area. Future ownership will have the opportunity to capitalize on the upside found in this cultural hotbed.
