1723-1725 Lexington Avenue & 152-156 E 108 St | 1725 Lexington Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1723-1725 Lexington Avenue & 152-156 E 108 St 1725 Lexington Ave
51 Unit Apartment Building For Sale New York, NY 10029
Executive Summary
The Forray Team at The Corcoran Group is proud to present an exclusive development opportunity at 1723-1725 Lexington Ave and 152-156 E 108th St. These four contiguous vacant lots, spanning two streets, offer a unique opportunity for prime residential, community facility, commercial, or mixed-use development in the vibrant heart of East Harlem.
The combined lots cover 7,313.37 square feet and are zoned C1-5/R7D (in EHC) and R7A. The potential maximum FAR is 4.2 for market-rate development or 5.5 for affordable housing, allowing for a total buildable square footage of up to 40,648 square feet, including 8,230 square feet dedicated to affordable housing. Additionally, with the City of Yes housing initiative, there is potential to increase the FAR to 5.5, yielding up to 42,361.31 square feet of buildable space.
The combined lots cover 7,313.37 square feet and are zoned C1-5/R7D (in EHC) and R7A. The potential maximum FAR is 4.2 for market-rate development or 5.5 for affordable housing, allowing for a total buildable square footage of up to 40,648 square feet, including 8,230 square feet dedicated to affordable housing. Additionally, with the City of Yes housing initiative, there is potential to increase the FAR to 5.5, yielding up to 42,361.31 square feet of buildable space.
Property Facts
| Sale Type | Investment | Lot Size | 0.16 AC |
| No. Units | 51 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 40,648 SF |
| Property Subtype | No. Stories | 12 |
| Sale Type | Investment |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | |
| Lot Size | 0.16 AC |
| Construction Status | Proposed |
| Building Size | 40,648 SF |
| No. Stories | 12 |
Unit Amenities
- Tub/Shower
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $1,162,135 CAD | Total Assessment | $1,044,345 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,162,135 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,044,345 CAD
zoning
| Zoning Code | C1-5/R7D & R7A (C1-5 and R7D/R7A zoning are commercial and residential district types) |
| C1-5/R7D & R7A (C1-5 and R7D/R7A zoning are commercial and residential district types) |
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1723-1725 Lexington Avenue & 152-156 E 108 St | 1725 Lexington Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.