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Ownership Requests Proposals 7-11 East 115Th

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Ownership Requests Proposals 7-11 East 115Th 7-11 EAST 115TH STREET, NEW YORK, NY 10029 54,496 BSF As-of-Right, 88,556 BSF w/ Community Facility, Development Site | FOR SALE PROPERTY INFORMATION Block / Lot 1621 / 7 Lot Dimensions 135' x 100.92' Lot Size 13,624 Sq. Ft. (Approx.) Zoning R7-2 FAR 4.00 FAR w/ Community Facility 6.50 Buildable Area (as-of-right) 54,496 Sq. Ft. (Approx.) Buildable Area (w/ Community Facility) 88,556 Sq. Ft. (Approx.) East 116 Assesment (19/20) $504,540 th Street Real Estate Taxes (19/20) $53,047 INVESTMENT HIGHLIGHTS Avenue th 5 • EFFICIENT RECTANGULAR LAYOUT East 115 • SUBSTANTIAL LOT AREA OF 13,624 SQ. FT. th Street Madison Avenue • EXTENSIVE FRONTAGE OF 135’ • LARGE COMMUNITY FACILITY BONUS - 88,558 BUILDABLE SQ. FT. 54,496 88,556 135' X 100.92' EAST HARLEM Buildable SF (as-of-right) Buildable SF (w/ Community Facility) Lot Dimensions Location PROPERTY DESCRIPTION Ariel Property Advisors is pleased to present 7-11 East 115th Street, a 135’ wide The asset is located close to the border between East and Central Harlem, in the development site located on the north side of East 115th Street between Fifth heart of rapidly expanding neighborhoods, where the area has demonstrated Avenue and Madison Avenue in East Harlem. various new residential and condominium projects since the recent rezoning took place. Various completed condominium developments are achieving Zoned R7-2 (4.00 FAR – Wide Street), the site permits approximately 54,496 condo sellouts above $1,000 per square foot. Transportation options are also in buildable square feet (as-of-right) and approximately 88,556 buildable square feet abundance, providing access to lower Manhattan via the 2, 3 and 6 trains at the with community facility bonus, suitable for a large-scale residential development. 116th Street station(s), located on Malcolm X Boulevard and Lexington Avenue, Please note, the subject property is encumbered by an easement that requires respectively. Local neighborhood attractions include Central Park North, Marcus capacity for nineteen (19) parking spaces at 1760 Madison Avenue. 7-11 East 115th Garvey Park, the Harlem Meer, CUNY Hunter College’s Silberman School of Social Street is not encumbered by Mandatory Inclusionary Housing (MIH) designation, Work, and Columbia University. therefore provides unobstructed potential for condominium or residential development. With its immensely convenient location, scale, frontage and proximity to transportation, 7-11 East 115th Street represents a prime development opportunity in an advantageous neighborhood with demonstrated demand for residential product. OWNERSHIP REQUESTS PROPOSALS 212.544.9500 arielpa.nyc For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info Victor Sozio x12 Shimon Shkury x11 Michael A. Tortorici x13 Marko Agbaba x32 Sean O'Brien x73 Paul McCormick x45 [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. 1 July 2019 10:07 pm Bx7 to Riverdale/ 1 263 St via BRIDGE BROADWAY Riverdale Av Bx20 to HENRY HUDSON BRIDGE 9 AV Riverdale/ 246 St via BAKER Henry Hudson Pkwy INWOOD HILL FIELD NATURE CENTRE W 215 ST 1 INWOOD HILL PARK TERR WEST PARK ISHAM PARK INWOOD 207 ST ISHAM ST TENTH AV TENTH A W 207 St UNIVERSITY 207 St HEIGHTS DYCKMAN 1 NOUSE W 204 ST BRIDGE DYCKMAN ST SEAMAN AV Bx12 to Bay Plaza ACADEMY ST VERMILYEA AV SHERMAN AV via Fordham Rd. and A BROADWAY Pelham Pkwy THE (To Orchard Beach summers only) CLOISTERN DYCKMAN ST MUSEUM W 201 ST INWOOD 1 ELLWOOD ST RIVER SIDE DRIVE PETER JAY SHARP FORT BOATHOUSE TRYON HILLSIDE AV PARK 1 W 191 ST FORT GERGEAV A W 190 ST HENRY HUDSONHENRY PARKWAY W 190 ST OVERLOOK TERRACE FORT WASHINGTON AV W 186 ST BENNETT AV YESHIVA RIVER HARLEM UNIVERSITY CABRINI BLVD BROADWAY 1 181 ST WADSWORTH AV WADSWORTH WASHINGTON A W 181 ST BRIDGE W 180 ST W 179 ST W 178 ST Bx3 Riverdale FORT W 179 ST 238 St - Bway W 178 ST W 177 ST WASHINGTON GRORGE WASHINGTON Bx11 to West PARK BRIDGE BUS STATION Farm Rd via 170 St Bx13 to Yankee W 175 ST Stadium via A HIGHBRIDGE Odgen Av WASHINGTON PARK Bx35 to West GEORGE WASHINGTON BRIDGELITTLE RED Farms Rd via 167 St LIGHTHOUSE AV AUDUBON BROADWAY Bx36 to Olmstead HEIGHTS Av/Randall Av HARLEM RIVER DR AMSTERDAM AV AMSTERDAM HAVEN AV ST NICHOLAS AV NICHOLAS ST via 180 St RIVERSIDE DR 1 A C W 168 ST Washington hts TH 168 St 7-11FORT WASHINGTON AV EAST 115 STREET, NEW YORK, NY 10029 54,496 BSF As-of-Right,W 166 ST 88,556 BSF w/ Community Facility, Development Site | FOR SALE W 165 ST MORRIS-JUMEL W 163 ST MANSION C 168 ST Amsterdam Av th NorthRIVERSIDE DR side of East 115 Street between HARLEM RIVER DRIVE N Madison Avenue and 5th Avenue S D ST NICHOLAS AVE RIVERSIDE DR B 1 W 157 ST 157 ST EDGECOMBEAV MACOMBS B D DAM BRIDGE W 155 ST th AUDUBON C East 116 Street TERRACE 155 ST 148TH ST / LENOX TERMINAL STATION W 150 ST W 150 ST JACKIE 3 BROADWAY ROBINSON AMSTERDAM AV AMSTERDAM PARK HARLEM RIVER DR Avenue W 147 ST W 147 ST th 5 A C 145 ST W 146 ST 2 B D AVE EDGECOMBE BRADHURST AVE BRADHURST 1 Madison Avenue 145 ST BRIDGE W 145 ST W 145 ST 3 145 ST W 143 ST East 115th Street RIVERBANK ST NICHOLAS AVE STATE PARK W 139 ST W 139 ST HAMILTON PL CONVENT AVE CONVENT MADISON AV BRIDGE W 137 ST AVE W 137 ST A C TH METRO 4NORTH 1621 71 135’ X 100.92’ 13,624 5 137 ST CITY COLLEGE B 5 Block Lot Lot Dimensions 135 ST Lot Area SF W 135 ST 6 W 135 ST ST NICHOLAS PARK 2 3 THE BRONX 135 ST LENOX AVE LENOX Bx15 from Fordham Plaza W 131 ST 3 AVE BRIDGE W 130 ST Bx15 to Fordham 1 East River Plaza BLVD DOUGLASS FREDERICK Plaza via Third Av W 129 ST RIVERSIDE DR 1 125 ST 2 One East Harlem JR BLVD POWELL CLAYTON ADAM WILLIS AVE BRIDGE W 127 ST A C ROBERT F. KENNEDY BRIDGE DR MARTIN LUTHER KING BLVD 7 B D W 126 ST HARLEM 6 E 126 ST 3 Sendero Verde METRO 125 ST 2 3 AVE MADISON ROBERT F. KENNEDY BRIDGE CLARENONT AV CLARENONT 13 16 15 NORTH 5 2 W 125 ST Q Т E 125 ST PARK 4 LexingtonRIVERSIDE Gardens II 8 E 124 ST BROADWAY W 124 ST PALADINO AVE MARCUS RANDALL’S GRANT’S5 Gotham East 126th Residential TOMB GARVEY E 122 ST ISLAND PARK 6 Silberman School of Social Work AVE 1 MT MORRIS PARK W PARK MORRIS MT PARK AVE PARK W 120 ST E 120 ST EAST 7 Proton Center Subject Property 1 MORNINGSIDEAV 6 COLUMBIA W 118 ST E 118 ST HARLEM MANHATTAN AV MANHATTAN 10 UNIVERSITY 117 St 116 St 12 9 ICAHN 8 Whole Foods ST NICHOLAS AVE 6 11 E 117 ST B C 2 3 AVE PLEASANT STADIUM AMSTERDAM AV AMSTERDAM 14 W 116 ST W 116 ST E 116 ST W 116 ST 1 AVE LEXINGTON 9 Target 116 St MORNINGSIDE Columbia W 115 ST E 115 ST PARK AVE LENOX University FREDERICK DOUGLASS BLVD FREDERICK K 1 East River Plaza MADISON AVE MADISON 2 AVE 2 10 Costco AVE 3 L W 113 ST AVE 5 A JEFFERSON W CATHEDRAL W 112 ST E 112 ST PARK 11 TD Bank Cathedral Central Park E Cathedral OF ST JOHN North (110 St) T Pkwy (110 St) Pkwy (110 St) 3 2 3 U THE DIVINE DR MORNINGSIDE 1 B C N 12 Rite Aid E 110 ST I E 110 ST 6 M CENTRAL PARK 0 WARD’S RIVERSIDE13 Starbucks DANA DISCOVERY 110 ST 1 PARK BROADWAY W 108 ST NORTH CENTRAL ISLAND HUDSON RIVER HUDSON 4 14 Blink DR RIVERSIDE Fitness HARLEM MEER DUKE ELINGTON BLVD W 106 ST LASKER E 106 ST E 106 ST RINK Q Т 15 Shake Shack E 105 ST W 105 ST EL MUSEO DEL FDR DRIVE FDR W 104 ST BARRIO E 104 ST 16 Bed Bath & Beyond MUSEUM OF THE 6 ROBERT F. KENNEDY BRIDGE W 103 ST 1 W 103 ST B C 103 ST 103 ST 103 ST CITY OF NEW YORK E 102 ST W 101 ST NORTH E 100 ST W 100 ST MEADOW M60 LaGuardia OWNERSHIP REQUESTS PROPOSALS AV 5 212.544.9500 Airport arielpa.nyc W 97 ST W 97 ST E 97 ST W 96 ST CENTRAL PARK E 96 ST E 96 ST For More Information Please96 ST Contact Our Exclusive SalesB C Agents at 212.544.9500 I arielpa.nyc Q Т For Financing Info 1 2 96 ST 6 96 ST 3 Victor Sozio x12 Shimon Shkury x11 Michael A.
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