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487 West 129th Street - Availability Details

487 West 129th Street, New York, NY 10027

  • For Sale $1,750,000
  • City New York
  • Neighborhood Harlem
  • Zip Code 10027
  • Market Manhattan
  • Property Type Land
  • Property Size 154,729 Sqft
  • Date Updated 17 May, 2021

Ariel Property Advisors presents 487 West 129th Street, a prime West Harlem ground lease opportunity located on the north side of West 129th Street between Amsterdam and Convent Avenues. The site is situated in a rare Manhattan Opportunity Zone and benefits tremendously from it’s close proximity to Columbia’s Manhattanville Campus, the transformative Harlem Factory District, and the famous 125th Street thoroughfare. The property’s R7-A (4.00 FAR) zoning provides approximately 154,729 sf for future residential development.

West Harlem has undergone a dynamic change in recent years, driven by the rapid development of Columbia’s Manhattanville Campus and multiple innovative commercial developments in the Factory District. Several recent nearby residential developments, such as 52 Convent Avenue, provide condominum sell-out data points exceeding $1200 per sf. 487 West 129th Street is steps away to local dining destinations and stores such as Dinosaur Bar-B-Que, Jin Ramen, and Fairway Market. Highly-convenient access to downtown and outer borough locations is provided by the A/B/C/D subway trains located at 125th Street and Saint Nicholas Avenue as well as the 1 subway train which is just one block west of the property on 125th Street and Broadway.

Offering a large scale residential development opportunity and the ability to leverage Opportunity Zone investment as well as multiple institutional drivers, 487 West 129th Street represents an outstanding and unique Northern Manhattan development opportunity.

 
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Contacts

broker

Victor Sozio

Ariel Property Advisors

(212) 544-9500 x 12

broker

Shimon Shkury

Ariel Property Advisors

(212) 544-9500 x 11

broker

Michael A. Tortorici

Ariel Property Advisors

(212) 544-9500 x 13

broker

Orry Michael

Ariel Property Advisors

(212) 544-9500 x 88

broker

Matthew Lev

Ariel Property Advisors

(212) 544-9500 x 5271

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