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120Th STREET 173 EAST 120Th STREET

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120Th STREET 173 EAST 120Th STREET 173 EAST 120th STREET 173 EAST 120th STREET PROPERTY INFORMATION ADDRESS 173 East 120th Street LOCATION Located on the north side of East 120th Street bewtween Lexington and 3rd Avenues BLOCK / LOT 1769 / 32 LOT DIMENSIONS 24.83’ x 100.92’ (Approx.) BUILDING INFORMATION BUILDING DIMENSIONS 24.83’ x 100’ (Approx.) STORIES 4 (+ Basement) GROSS SF 9,050 (Per DOF) LOT SQUARE FOOTAGE 2.506 ZONING R7B BASE FAR 3.00 BSF 7,518 REMAINING AIR RIGHTS -1,532 ASSESSMENT (20/21) $98,785 ICIP ABATEMENT ($9,202) ADJUSTED TAXABLE VALUE $89,583 ANNUAL TAXES (20/21) $18,853 Note: All SF measurements are approximate ASKING PRICE: $5,250,000 E 121st St Block Ave Third 1769 32 Lexington Ave Lexington E 120th St 173 EAST 120th STREET PROPERTY DESCRIPTION JLL has been retained on an exclusive basis to arrange terraces, chef’s kitchen, wood-burning fireplace, for the sale of 173 East 120th Street, a modern, ~25’ multiple family rooms and elevator entry to both floors. wide, elevatored, mixed-use property with curb cut and private garage. With bright views overlooking the 173 East 120th Street is ideally situated at the border of Harlem Art Park to the west, the property is located on both Central and East Harlem, lying in close proximity the north side of East 120th Street between Lexington to both the bustling 125th Street corridor and the East and 3rd Avenues. The 4-story property is comprised River Plaza retail complex at 117th Street, which features of a commercial video production studio with 12’ 9” national tenants such as Costco, Target, Burlington, ceilings on the ground floor, a marble-clad entrance Old Navy and Marshalls. The property is located just lobby, a garage and two expansive residential units a 5-minute walk from the 4 5 6 train at 125th Street with lock-off elevator access on the 2nd through 4th and Lexington Avenue providing access to midtown floors. There are also additional production facilities Manhattan in under 20 minutes. And one block further located in the finished basement. is Metro North Commuter Railroad’s Harlem Station, a central transportation hub connecting the property The complete gut renovation of the building involved directly to New York City’s entire northern corridor. the replacement of all mechanical, electrical, plumbing and HVAC systems, a fourth-floor addition and the 173 East 120th Street presents a unique opportunity installation of a commercial-grade elevator serving all to acquire a beautifully renovated, versatile, turn-key, floors. The second floor contains a large, floor-through elevatored property ideal for full owner-occupancy or a apartment with four bedrooms and two full bathrooms, live/work-plus-income scenario. and the remaining floors (3-4) are configured as a beautifully renovated owner-occupied two bedroom, two-and-a-half bath duplex with multiple finished outdoor spaces located on the roof and two separate 173 EAST 120th STREET PROPERTY HIGHLIGHTS CURB CUT WITH PRIVATE GARAGE THE BEST OF CENTRAL AND EAST HARLEM Among the most coveted of amenities, 173 East Close proximity to the major hubs and amenities 120th Street features a curb cut with private of both historic neighborhoods. garage accommodating up to two cars. TURN-KEY BUILDING WITH COMMERCIAL EXCEPTIONAL TRANSPORTATION OPTIONS GRADE ELEVATOR Five blocks from the 125th Street and Lexington Beautifully renovated with modern finishes and Avenue 1 2 3 subway station providing access to mechanicals. Midtown in under 20 minutes, and 6 blocks from the Harlem Metro North Station allowing direct access to New York’s northern corridor. DELIVERED VACANT Building will be delivered 100% vacant allowing for the next owner to reposition the property as they see fit. 173 EAST 120th STREET 173 EAST 120th STREET 173 EAST 120th STREET 173 EAST 120th STREET HARLEM ART PARK Located at the corner of East 120th Street and The ample, west-facing windows of 173 West Sylvan Place immediately adjacent to the subject 120th Street directly overlook the park and one property and directly behind the historic Harlem of its main attractions, an engaging 15-foot high Courthouse, the land underlying the Harlem Art sculpture entitled Growth, by renowned artist Park was first acquired by the City of New York Jorge Luis Rodriguez. The sculpture was dedicated in 1929. While the original plan as a public bath in 1985. Of his work Rodriguez says, “I have tried never materialized, by 1938 the land had become to capture the interaction between trees, birds, a popular informal sitting park. Obtaining full insects, flowers, and man. My sculpture may jurisdiction by the Parks Department in 1945, portray a seed sprouting from the ground, an insect Sylvan Place was closed off in the early 1980’s to transforming into a flower, or a bird changing into be formally used as a park. a tree. I hope my art piece will serve as a source of enjoyment and inspiration to the community.” 173 EAST 120th STREET LOCATION HIGHLIGHTS W 125th ST RFK BRIDGE DEVELOPMENT 125th ST RETAIL CORRIDOR UNDERWAY MARCUS GARVEY PARK PARK AVE PARK AVE SECOND AVE SECOND LEXINGTON LEXINGTON EAST RIVER PLAZA FIRST AVE FIRST FIFTH AVE THIRD AVE E 117th ST DEVELOPMENT 173 UNDERWAY EAST 120th STREET E 110th ST DEVELOPMENT UNDERWAY CENTRAL PARK MADISON AVE 173 EAST 120th STREET FOR MORE INFORMATION, PLEASE CONTACT EXCLUSIVE AGENTS: PAUL SMADBECK TOM GAMMINO Managing Director Managing Director +1 212 377 2278 +1 212 377 2135 [email protected] com [email protected] com TEDDY GALLIGAN CONRAD MARTIN Vice President Vice President +1 212 377 2519 +1 212 377 2902 [email protected] com [email protected] com BRAEDON GAIT Associate +1 212 812 5992 [email protected] com FOR FINANCING INFORMATION, PLEASE CONTACT: MARK FISHER Executive Vice President +1 212 812 5966 [email protected] com 330 Madison Avenue, 4th Floor New York, NY, 10017 jll.com DISCLAIMER Although information has been obtained from sources deemed reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The Property may be withdrawn without notice. Neither Owner nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2019. Jones Lang LaSalle IP, Inc. All rights reserved..
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