- For Sale $1,500,000
- Property Type Land - Multifamily (land)
- Property Size 10,959 SF
- Lot Size 2,188 SF
- Zoning R7-2 / C1-5
- Date Updated Jul 24, 2026
Description
1620 Madison Avenue is a rare, delivered-vacant development site in the heart of East Harlem - a blank canvas for developers seeking new residential or mixed-use construction in one of Manhattan's most supply-constrained submarkets.
The 2,188 SF lot (25' x 87.5') is zoned R7-2 / C1-5, allowing 8,750 BSF as-of-right and up to 10,959 BSF by incorporating permanently affordable housing under the Universal Affordability Preference. The C1-5 overlay permits ground-floor retail beneath residential units. At $1,500,000 - just $171/BSF, or $137/BSF at full density - the basis is compelling for new Manhattan development.
The location is unmatched: steps from Central Park and Museum Mile, with the 6 train at 110th Street, the 2/3 at Central Park North, and express 4/5 and Metro-North service minutes away at 125th Street. The M1-M4 buses run along Madison Avenue, with M106 crosstown service nearby, and the proposed Second Avenue Subway (Q) extension at 106th Street is within walking distance. A 98 Walk Score and perfect 100 Transit Score underscore the appeal.
Highlights
- East Harlem
- Manhattan
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Contacts
Bluestone Point LLC
Location
Located at 1620 Madison Ave, New York, NY 10029, this property is part of the East Harlem neighborhood and Manhattan market.
Bluestone Point LLC
