164 West 121st Street

For Sale$1,100,000/Sqft

164 West 121st Street, New York, NY 10027

  • Land

164 West 121st Street, New York, NY 10027 - Land Space

164 West 121st Street is located at 164 West 121st Street in the Harlem neighborhood, NY, New York, 10027. The Land building features a total of 5,715 Sqft.

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Details

  • Sale Price $1,100,000/Sqft
  • City New York
  • Neighborhood Harlem
  • Zip Code 10027
  • Market Manhattan
  • Property Type Land
  • Property Size 5,715 Sqft
  • Lot Size 1,905 Sqft

Description

22.46' Wide, 5,715 BSF Residential Development Site. Located within the Opportunity Zone, on the north side of East 121st Street in Manhattan???s rapidly up and coming East Harlem neighborhood. Located between Lexington Avenue and 3rd Avenue, this 22.46??? x 85??? property is zoned R7B (FAR: 3.00), which provides approximately 5,715 buildable square feet (as-of-right) for multi-family development. The property is not encumbered by an existing structure, providing developers with immediate development potential. Important to note is that the site is not located within 100??? of 3rd Avenue corridor, therefore it is not subject to a Mandatory Inclusionary Housing (MIH) zoning provision. 165 East 121st Street features fantastic views of Harlem Courthouse, which was built in 1891 and features Romanesque Revival Style. This building is also on the list of NYC Designated Landmarks and the National Registry of Historic Places.

Harlem Demographics

The average household income in zip code 10027 is $77,728, from a total of 23,607 households. In terms of employment, there are 91.52 % white-collar and 8.48 % blue-collar jobs in zip code 10027.

Population

  • Total Population200,754
  • Male Population(47.6 %) 95,656
  • Female Population(52.4 %) 105,098
  • Median Age34.00

Income/Financial

  • Average Household Income$68,267
  • Median Household Income$42,010
  • Median Income Under 25$40,457
  • Median Income 25-44$54,582
  • Median Income 45-64$42,668
  • Median Income Over 65$23,256

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