EXCEPTIONAL DEVELOPMENT OPPORTUNITYPrime corner lot located on the border of East/Central Harlem with 110 ft of frontage on 116th St. and 60 ft along Madison Avenue. The Property is within 4 blocks of Central Park, Marcus Garvey Park and major transportation including the 2, 3, 6 subway lines and the M116, M102, and M1 buses stop directly in front of the site.
Previously a church, 1770 Madison is currently vacant and should be treated as a development/land opportunity given the condition of the existing structure. Zoning allows for 22,704 buildable sf as-of-right for mixed-use or 42,900 buildable sf as-of-right for use as a community facility.
Take advantage of this highly anticipated opportunity to develop a corner in an area of Harlem that is going through a resurgence. Notable attractions include Fifth on the Park Condos, Madison Court Coops, North General Hospital, Central Park, Marcus Garvey Park, Marcus Samuelsson’s Michelin Star rated Red Rooster, renowned Sylvia’s, and the new East River Plaza retail center which is home to Best Buy, Target and Costco.
Call for pricing. Sealed Bids are due by noon Tuesday, January 31, 2012